Many people often consider working abroad as lucrative, and there are several millions of expats currently working in different parts across the globe. Expatriates often get handsome benefits and perks from their employers, depending on their experience and competences. However, you should be in a better position to negotiate the best expat package so that you can meaningfully benefit from your overseas experience.
As such, this post outlines different things that you should take into account so that you can negotiate the best benefits for expatriates.
What is included in the expatriate package?
Before you negotiate with your employer the benefits that you should get, it is essential that you understand what the expat package includes. According to the experts on this website, there are different factors that you should consider when negotiating for benefits as an expat. However, you should also remember that benefits and perks are not uniform across the board since they are determined by your industry, experience, and competences.
How to Negotiate For the Best Benefits
It is undoubtedly true that life abroad significantly differs from what you are used to in your home country. Therefore, before accepting employment in a foreign country, you should understand major factors that can impact life such as the cost of living. This will help you take note of key aspects that should guide your negotiation for benefits with your employer.
Accept the Job Offer First
First and foremost, you must accept the job before you discuss the financial benefits with your prospective employer. When there is no job offer, then there is also no reason for negotiating the benefits. Once a job offer has been verbally offered, then you can consider benefits that include the following: relocation allowances, home allowance, hardship allowance, education allowance, transport allowance, annual leave, home travel allowance, automobile allowance, and other relevant benefits. You must note that these allowances differ from company to company.
Normally, employers offer benefits packages that are commensurate with your experience and qualifications for the job. As such, not all expatriates get generous bonuses from their employers. Therefore, when you are negotiating with your employer, you must try to be realistic so that you can settle for a fair deal. While you may have your own expectations, you must not be over excited and demand outrageous benefits that can put off the employer.
Many employers usually disclose the annual salaries to all prospective employees. When you have accepted the offer, you should use a reasonable percentage of your annual salary to negotiate for your benefits. Make sure that the benefits you demand does not exceed 50 percent of your salary so that you can reach a mutual agreement with your employer.
You must have an idea about the standard package of benefits offered to the expats by the company so that you can negotiate a good deal. Never get into negotiations empty-handed since this might show some form of disorganization that can dent your integrity.
Join the Expat Network
You can learn more about expat benefits by linking with other expatriates through different online forums. If you carefully search the internet, you can find different social media communities and blogs that can help you connect with expats in different parts of the globe.
You can network with many expats so that you can ask for honest views and advice about how you can negotiate for the best benefits packages. It is a good idea to try to link with expats who are working in the same industry as you. You can also try to narrow your network by targeting expats working in your host country so that you can get ideas that can help you negotiate meaningfully with your employer.
Think Outside the Box
In most cases, working abroad can be a major benefit in its own right. Apart from earmarking to get high salaries, there are also other hidden benefits that you can get from taking up employment in a foreign country. Moving abroad can present you with numerous career opportunities and you can also learn new things such as the language and culture of the people in the host country. This helps you to appreciate different lifestyles that can also contribute positively to your welfare.
Working abroad presents many opportunities for different expats. Apart from getting lucrative salaries, the opportunity can also present you with many benefits. However, to get the best benefits packages for expats, you should possess good negotiation skills. You should also try to get reliable information that can guide you when negotiating with your employer.