Local Plus – Tips, Tools, and Trends
There are important factors to be considered before a local plus package is implemented and it may not be a viable solution for all scenarios, yet in the right context they can be quite successful.
Local plus (also known as host plus) pay packages are not new to mobility, having been leveraged successfully in the financial and professional services industries for over a decade. Recently there has been a lot of interest in the local plus approach as a possible low-cost alternative to the traditional balance sheet. When used in the proper context, the host plus approach can be an effective and successful scheme for compensating expatriates. Knowing when and how best to use this method is the key to its successful implementation.