What is the term for extra salary paid to expatriates to encourage them to move to a foreign country?

What is the term for extra salary paid to expatriates to encourage them to move to a foreign country?

• A. Overhead
• B. Overseas premium
• C. Overtime
• D. Outplacement

Answer: (B)

The concept here is compensation for international assignments. The extra pay given to an employee to encourage them to relocate abroad is called an overseas premium. This kind of premium helps offset the additional costs and challenges of working in a foreign country and serves as an incentive to accept the assignment. As for the other terms: overhead refers to indirect business costs, not pay to individuals; overtime is pay for hours worked beyond the standard workweek; outplacement is assistance provided to employees who are leaving the organization.

The concept here is compensation for international assignments. The extra pay given to an employee to encourage them to relocate abroad is called an overseas premium. This kind of premium helps offset the additional costs and challenges of working in a foreign country and serves as an incentive to accept the assignment.

As for the other terms: overhead refers to indirect business costs, not pay to individuals; overtime is pay for hours worked beyond the standard workweek; outplacement is assistance provided to employees who are leaving the organization.