By: Genie Martens, Senior Director at AIRINC
This complementary white paper opens the discussion surrounding the best course of action for mobility professionals addressing currency devaluation issues in regards to compensation arrangements for their temporary assignees.
Major and sudden currency re-alignments can pose some immediate and
practical problems for mobility practitioners responsible for managing
compensation arrangements for cross-border assignees.
This is the first article in a series of two addressing
devaluation-related compensation issues and solutions for cross-border
assignees, using Argentina and Azerbaijan as our examples. The
discussion below is focused on home-based compensation approaches for
assignments into these countries, and the second article will be focused
on host-based packages and compensation-related strategies for
assignments out of these countries. Each scenario has its own
challenges and “best practice” solutions.