If given the opportunities to work internationally there are many variables and factors that I would take in to consider before pursuing the opportunity. As this can be a huge move for my career and personal path as it requires logistics to be addressed in terms of relocation, the scope of the job, duration, and how I will be compensated for the position.
As learned from the textbook reading HR professionals construct international compensation packages based on three factors: the term of an international assignment, staff mobility, and equity pay referent groups (Martocchio, 2019). With this, I would consider these variables when deciding to go as the term of the assignment compensation can be varied based on the duration of the assignment which would influence my decision to take the position.
The first consideration I would evaluate would be the duration of the assignment as short – term assignment of less than a year does not require much change to domestic compensation. However, long assignments require more benefits such as education expenses for children, housing allowances, adjustments to avoid paying double income taxes (Martocchio, 2019). Depending on how long I will be working overseas I would want to be compensated appropriately for my duration. As I am picking up my life and moving across the country which is not an easy decision. The compensation and benefits would have to be worth it for me to convince myself to move and pick up my life and career.
To add, I would need a set time and duration of the assignment. Having a clear understanding of the duration of my position would influence my decision to take the position and influence how well I could get adjusted moving. Without a clear timeline, I do think that it would be hard to not only do my job well but, get adjusted because I would never know how long it would take to get acclimated to the location and work environment.
Another variable that I would take in would be the company’s willingness to accommodate me to move to a foreign place. Not only monetary compensation would be considered but, the incentive to get me to feel comfortable working and wanting to work in a new location. Based on this, I would consider how well the company is willing to invest and take care of me when it comes to working in another company. Without support from the company, I would most likely not take the position.
Lastly, I would consider what the company would be willing to pay me based on referent groups (Martocchio, 2019). Along with how they determine my compensation packaage and salary as a whole which can be subjective due to the country averages and rates for positions.
With this, depending on the location and position it would influence my decision to take the job because compensation packages can vary from place to place. Lastly, I would want to be accommodated appropriately based on the scope of the job but, also the cost of living and depending on what is being offered it would influence my decision to take the position.
Reference:
Martocchio, J. (2019). Pearson etext for strategic compensation: A human resource management approach — access card (10th ed.). Pearson.
