- Who should use Xpatulator.com®?
- Where do I start?
- What is Premium content and How do I get it?
- What information can I get / What can I use Xpatulator.com® for?
- What exactly is Cost of living (COL)?
- What is hardship?
- Who uses Xpatulator.com®?
- How can I get a free report?
- Having problems Logging in?
- What are the 13 Different Cost of Living Baskets?
- What do each of the 13 different cost of living basket consist of?
- Is tax part of the calculators?
- How do you take into account varying tax rates between different cities?
- What role does the exchange rate play?
- How do I run the Salary Purchasing Power Parity calculator to get a report?
- How do I run the Cost of Living Allowance calculator to get a report?
- How do I run the Cost of Living Index calculator to get a report?
- How do I run the International Assignment Management calculator to get a report?
- Why is the cost of living index (COLI) different in every location?
- How do the Xpatulator.com® calculators work?
- If I add up the cost of living differences for each basket group, it does not add up to the overall cost of living difference. Why is that?
- Does the Cost of Living Allowance analysis take into account differing levels of compensation ex-pats will receive?
- How do you determine how much salary will be exposed to the cost of living difference (i.e., the amount of spendable salary)?
- Can I rerun my report without paying again?
- Can I change the criteria I selected for my report after running it?
- Can I save my report?
- How can I have the report sent to my email address?
- I keep getting the same error message: Authorization Failed
- Where do we get our information from?
- How often is the information updated?
- What is the methodology used for the cost of living index data?
- How do I subscribe?
- How do I purchase a report?
- What do I do if I have a 2Checkout problem?
DATA COLLECTION AND METHODOLOGY
How do I run the International Assignment Management calculator to get a report?
1) Login using your username and password
2) Check that you have purchased locations
3) Select "Calculators" from the menu
4) Choose the International Assignment Management Calculator (IAM): The IAM report sets out clear guidelines to make an international assignee/expatriate’s transfer fair and financially viable, taking cognisance of the reward structure and market dynamics of the home and host country. The calculations use the build-up / balance sheet / home based approach and include hypothetical tax, cost of living index, hardship premium, exchange rate, expatriation premium, benchmark housing allowance and benchmark transport allowance. The objective is to ensure consistent equitable treatment and benefits for all expatriate assignees and have a user friendly reward structure to provide seamless coverage for different family scenarios. Recommended for the calculation of the remuneration and benefits for a typical expatriate assignment of a 6 month up to a 5 year duration using your choice of home and host location.
The calculator will prompt you for the following inputs:
1) Reference Information: Give your report a reference name and then include the name of the individual for whom you are running the report. This will help you identify your reports for future reference.
2) Home Location Information: Provide the name of your Home Company, then select your Home Location and Currency.
3) Host Location Information: Provide the name of your Host Company, select your Host Location and Currency; then select the appropriate job level and family size.
4) Cost Allocations: Select the basket costs that will be paid for by the employee from his own salary (column on right) and what will be provided for by the employer or state, for the employee (column on left). Basket costs that are provided for by the employer, are not included in the cost of living calculation. The default is that all basket costs will be paid for by the employee from their own salary unless otherwise specified.
Note: There is no point in selecting that all costs are provided for the employee by the employer, as then theoretically the employee would not need to earn a salary.
5) Currency Details:
- Home Base Salary: Provide the Basic Salary plus the cash value of all allowances and benefits. Base Salary excludes all variable payments and payments related to performance.
- Hypothetical Tax: Provide the typical/Average (Hypothetical) Tax to be deducted from Home Base Salary, if applicable, in terms of home location prevailing tax rates.
- Home Net Salary: This is the Base Salary less Hypothetical Tax and will automatically be calculated for you.
- Host Essential Spending %: This is the percentage of Home Net Salary to be used for spending in the host location. The international benchmark is 40%, however this can be increased or decreased accordingly.
- 40% Essential Spending: This is the amount of the Home Net Salary to be used in the Host Location. The international benchmark is 40% of Home Net Salary, however this can be increased or decreased accordingly.
- 60% Home Net Balance: This is the balance of the Home Net Salary to be kept in the Home Location, however this can be increased or decreased accordingly.
- Expatriation Premium %: This is the percentage of the Home Base Salary to encourage international mobility. The international benchmark is 15%, however this can be increased or decreased.
6) Run Report: When you are sure that all your selection criteria are correct, click on run report.
You can re-run your reports for each location purchased for the time period purchased, either seven days or an annual subscription.