An Innovative Way To Calculate Domestic Cost Of Living

Domestic Transfer Reports on the Salary Evaluation Tool

How do you incent key talent to relocate domestically when competitive market pay does not scale with cost of living?

RECRUITING OR RELOCATING TO

  • HIGH COST CITIES
  • LESS DESIRABLE CITIES
  • HIGH TAX STATES

INCENTIVIZING TALENT EQUITABLY

  • CONSISTENT AND FAIR
  • AVOIDING RECRUITERS WRITING BLANK CHECKS
  • AVOIDING DISTORTING SALARY STRUCTURES

MANAGING THE MOVE

  • MANY STEPS, PAYMENTS, AND VENDORS
  • SIMPLIFYING WITHOUT OVERPAYING

Using AIRINC’s decision tools, you can evaluate the income tax, goods and services, and housing impact of a domestic relocation in a matter of minutes. We combine robust methodology, flexible inputs, and easy online access to give you the solution you need to relocate domestic talent.

Domestic Transfer Report assesses differences in the following categories:

  • INCOME TAX – Tax is a critical component of our calculations. AIRINC’s full time tax function collects income tax rates across all countries and we have embedded our tax algorithms into the cost of living calculations. Homeowner, renter, and filing status options are available.
  • GOODS AND SERVICES – Compare typical costs of goods and services on a city-to-city basis and highlight whether the destination city is more or less expensive
  • HOUSING – Determine the differences in the cost of housing based on renter or homeowner and align to your policy:
    • Homeowner – Through a partnership with Zillow.com and an in house team of experts, employees choose housing based on personal preference for location, style and amenities.
    • Renter – In-house research team on the ground collecting rental market data

Domestic Data in the Salary Evaluation Tool

AIRINC’s Salary Evaluation Tool assesses the economic impact of a permanent relocation on an employee, providing a net-to-net comparison of the offered compensation in the host location to the current compensation. The tool offers further insight by highlighting local cost differences between the two locations.

The Salary Evaluation Tool is best used when:

  • The offered host salary is known
  • The employee will assimilate to local market compensation and cost of living
  • You require a net-to-net comparison of a host offer to the current home compensation

Salary Evaluation Tool sample view

Salary Evaluation Tool sample view

Domestic Data Is also Available in the Short Term Allowance Calculator and the Lump Sum Calculator

Domestic Data in the Short-Term Allowance Calculator

The Short-term Allowance Calculator offers standard profiles for different types of short-term travel based on over 60 years of industry expertise.

Leverage market-leading data for over 1,300 cities worldwide, covering costs for:

  • Meals
  • Transportation
  • Accommodation
  • Personal care
  • Recreation

Domestic Data in the Lump Sum Calculator

Lump sum benefit offerings have become popular across the spectrum of assignment types: long-term, short-term, permanent and domestic, and are seen as a way to increase flexibility to the employee and business, and reduce administration. Some of the uses include, but are not limited to:

  • House-hunting trips (home finding)
  • Final move / relocation travel
  • Temporary living
  • Flexible budgets for employees

Not sure what tools or service you need?

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