Frank Bodengraven, Client Solutions Executive at AIRINC, discusses various options for managing your international assignees and their compensation packages when currencies depreciate.
When currencies depreciate, mobility managers and their international assignees may need to adjust compensation packages to offset changing currency values. There are many factors to consider in such a situation, including the potential inflation of goods and services that often follows currency devaluation. AIRINC Client Solutions Executive Frank Bodengraven discusses the possible short- and long-term effects of plummeting currency values and suggests ways in which mobility professionals can manage assignees and their compensation packages proactively.
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