Are you relocating talent, hiring new talent from abroad, or seeking to establish distributed workforce salary plans?
AIRINC’s Global Salary Comparison (GSC)
Permanent relocations, international transfers, localizations, and host-based assignments create challenges in determining the right pay level in the new location. AIRINC’s Global Salary Comparison (GSC) provides the data and calculations that you need to understand differences in both income taxes and living costs, so that you can holistically evaluate compensation.
With data for over 1,300 global cities, GSC can either:
- Compare both the actual origin and destination salaries for tax and cost-of-living differences
- Evaluate only an origin salary for tax and cost differences, producing a recommended locally equivalent salary
The tool leverages detailed tax calculations, goods and services costs, and housing rates to produce a comprehensive net-to-net comparison. The results help you produce a locally equivalent salary in the destination, assess salary differences across locations, and calculate transition payments to help the employee acclimate to the local rate of pay.
Global Reward Index Calculator
Quickly and easily calculate global allowances using price ratio cost of living data!
Many companies offer compensation allowances in addition to salary, and want these to equate globally.
The Global Reward Index Calculator can help you establish globally equitable allowances for:
- Remote work
- Wellness
- Fitness
- Small performance awards
- Cash
- Bonus / stipend
The calculator uses a cost of living index to adjust your global values and can translate these into an easy to use global reference for quick, simple and transparent calculations.
Assess Geographic Pay Differences
When adapting or maintaining regional salary structures, access to cost of living data can help you determine geographic cost differences within your salary structures. Cost of living data is increasingly being used to assess where costs differ, helping to inform decisions on differentiating midpoints across multiple salary structures. With this growing need, AIRINC provides our Geographic Differential Index (GDI) to replace or supplement your market data in this assessment. The GDI provides you with a thorough, researched, and comprehensive database of cost of living indexes by city on a global basis. You can use the GDI to deliver a more streamlined review of your geographically differentiated salary structures, slot cities into an existing structure where market data
is scarce or even non-existent, and plan for remote workforce needs.
The GDI includes considerations for:
- Goods and Services
- Housing
- Income Tax
Let’s Talk!
Find out how we can help you establish or enhance your global mobility program.
Contact us today and an AIRINC consultant will connect with you as soon as possible.