Automate Home Country Balance Sheet Calculations
HR managers recognise the details and time involved
in building home country balance sheet calculations.
Mercer's Global HRMonitor expatriate compensation calculator simplifies
this process, performing all the research and calculations
automatically. It produces a comprehensive, transparent
report that not only creates a compensation package but
details each step of the process, enabling you to make
adjustments.
Expatriate Compensation Calculator
By integrating all the calculators in Global HRMonitor into one, the Expatriate Compensation Calculator enables you to automate your balance sheet calculations, providing you with the flexibility to accommodate your organisation's individual needs, enabling you to modify the standard options, such as type of cost-of-living index, spendable income and hardship allowance determinations used and also to add special premiums or allowances as required.
Automating your expatriate compensation calculations
Supported by
Mercer GHRM data and calculators, the expatriate compensation calculator offers:
- Gross to net – including related taxes and social security charges
- Cost of living allowance – allowing you to select the appropriate spendable income and cost of living index
- Housing allowance – based on expatriate accommodation costs and home housing norms
- Quality of living allowance – based on quality of living index and recommended allowance percentage mobility premiums
- Include other allowances and benefits
- Total net host country pay – calculated with and without expatriation premiums, and other user-defined allowances
- Gross-up of the net host country pay – calculating estimated host country taxes, including home or host country social security contribution
- Save your calculation inputs for easy retrieval and update
A detailed balance sheet report is provided including all assumptions and the detailed report of the data used for the calculation.
Address
Expatriate Cost of Living Differentials
Mercer's Cost of Living Reports provide the
background information you need to determine
and communicate consistent and fair compensation
packages for over 300 cities around the world.
The reports include a city-to-city index comparison,
housing and education costs, a business travel expense
table and a complete price breakdown.
- Cost-of-Living Index Calculator
is entirely
flexible, allowing you to adjust your cost of living
indices for exchange rate, inflation and products
unavailable in the host location, while also
allowing you to customise the index components
and access the actual price list supporting the
index.
- Cost-of-Living Allowance Calculator
calculates the actual cost of living allowance
(COLA) based on your employees' base salary,
family size and spendable income.
- Spendable Income, Home Housing Norm and
Savings Calculator, based on studied consumption patterns by country, identifies those
components of spending that need to be
compensated, allowing for differentiation based
on family size and income level. The result is a
more accurate spendable income estimate and
home housing norm for developing expatriate
compensation packages.
- International
Spendable Income Calculator
allows you to build up and define your own
company benchmark spendable income levels and
compare your result with the base/home country
spendable income level.
- Expatriate Accommodation Costs Calculator
provides monthly rental costs by
number of bedrooms and family size, based on
your employee's income. A new "create your
own" calculation tool enables even more flexibility
in defining your costs according to your company
policy.
Determine Daily Allowances for
Short-Term Assignments
Mercer has developed categories of expenses to help
determine a daily allowance for employees temporarily
transferred abroad as single status and on a short-term status.
The categories include:
- Food
- Laundry/dry cleaning
- Personal Care
- Hotel room or furnished accommodation
- Entertainment
- Transportation
- Telephone
Mercer's Short-Term Assignment Allowance Calculator helps you determine a daily allowance for employees on short-term assignments. It allows you to adjust Mercer's standard
basket by adding, removing and changing the frequency and quantity of items
in the basket to meet your own specific needs. Adjusted baskets can be saved to ensure a consistent approach to the way your short-term allowance is calculated.
Address Quality of Living Differences
and Determine Hardship Allowances
Mercer's Quality of Living Reports help you to
determine competitive hardship allowances, based
on quality-of-living differentials for transfers to over
420 locations worldwide.
The GHRM Quality of Living Index Calculator provides you
with a final quality of living index and Mercer's
recommended allowance, as well as a detailed
breakdown of all the elements taken into account.
Assess Tax Impact
Mercer's Tax Reports are an authoritative guide on
hypothetical tax requirements and social charges,
helping you to determine the impact of tax differentials
between country transfers.
The GHRM Hypothetical Tax Calculator provides approximate
gross-to-net and net-to-gross calculations for over 80
countries. Just select your employee's family size and
base salary to obtain the tax breakdown for
your selected country. In countries where this is relevant, Mercer offers two tax files and calculations: one for local employees and one for expatriates.
Understanding Global
Statutory Benefit
and Employment Conditions
Wherever you have operations, you need reliable
information on employment conditions and statutory
employee benefits. Keeping track of the continual
changes in laws and regulations around the world is
time-consuming and expensive. With extensive data
supported by detailed analyses, Mercer's Worldwide
Benefit and Employment Guidelines are the definitive
industry reference on mandatory benefit practices and
statutory provisions in 64 countries.
The GHRM Employment Conditions Comparator compares
employment contracts and statutory provisions.
The Statutory Benefits Calculator compares
statutory benefits and contributions required
between countries.
Compare Local Salaries and Benefits
Based on actual market information from the
comprehensive Mercer Total Remuneration Survey
database, our compensation and benefits information
provides you with extensive local information, allowing
you to gauge how your expatriate packages compare
with local salaries among other leading organisations.
Familiarize Yourself with Host Countries
MercerPassport is the next generation of our trusted
employee mobility guides. This web-based platform
is a valuable source for:
- Expatriates wanting to know more about their
new host country
- Business travellers and those working in the
international environment
Mercer's start guides are also found on MercerPassport.
They comprise the key components of employee
mobility guides and cover up-and-coming locations in
Asia, the Middle East and Africa. Now encompassing
more than 100 destinations, each report on MercerPassport
contains reliable, in-depth information on the culture,
logistics and resources of that country. In addition
to presenting the fundamentals of foreign living,
MercerPassport provides insights into the costs and
availability of essential goods and services in the host
country.
Reviewing Key Economic Indicators
The Mercer worldwide exchange rates and inflation
calculator allows you to monitor and compare
economic fluctuations for 149 currencies.
Customising and Exporting Results
All calculations are flexible and allow you to customise
parameters used in calculations. An easy-to-use
preference manager function allows you to choose
and control the options available to other users within
your organisation. All calculation results in Global
HRMonitor can be saved in PDF or Excel formats.
