Monday, April 9, 2012

Down The Middle, Please

Split my pay once.

Split pay: This the payment of an expatriate's estimated local living costs in local currency and the remainder in home-country currency.

Assuming that someone else is covering the cost. Which is nice. If you can find someone to do that.

It is a method a business may use to pay its employees who are on international assignments.

This reduces the effect of currency fluctuation. It allows an employee to count on a set amount of pay in the home country's currency and a certain amount of pay in the host country's currency. That is, it smoothes things out.

Split pay also lessens the need for changing money from one currency to another and being subject to exchange rates.

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