Not all foreign talent needs to be compensated on the traditional expat type package. As companies evolve and start to move different segments of talent across borders there will be different drivers and accordingly different strategies for compensation. This is where more creative and flexible packages will be required, that are more closely aligned to the local compensation structure. Often called “Local Plus” these localised packages typically fill the gap between the fully loaded expat package and the pure local package, and can be a more competitive and cost effective solution to attracting talent into certain markets.

There is no “one size fits all” solution for local plus, therefore we will take a customised approach to developing an effective Localization/local plus strategy. This will involve fully understanding your company’s compensation and benefits philosophy, identifying the key business objectives, benchmarking the competitive landscape and designing a customised solution that fits your organisation’s needs.

TMA’s scope of services includes:

  • Review of current Local Plus policy and identification of issues/barriers
  • Benchmarking in your industry
  • Recommendations and policy/framework design
  • Implementation and training
  • Review of localisation approach and transitioning your expats to a local package