Our clients often ask us for help drafting offer letters, or letters of assignment, which address the terms and conditions of an assignment so there is a clear understanding between the employer and employee.
Although on the surface this task may seem simple, there are some important basics to keep in mind:
Base Salary and Incentive Plans: Typically, the first question your employee has will be how he or she is going to be compensated. Be sure to express salary and other components in home country currency and pay delivery method. By addressing as many potential questions as possible before they are raised, you’ll not only help reduce your employees’ stress level, you’ll also help them make informed decisions about the transfer or assignment.
Healthcare Benefits and Pension Plan: Right up there with concern for compensation is health coverage and planning for the future. For international moves, even if coverage will be provided in the host country, most employees will want to know about this coverage and whether or not they still have the option to remain on their home country plan.