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