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Compensation Of Expatriates

AN EXPATRIATE
An expatriate (in abbreviated form, expat) is a person temporarily or permanently residing in a country and culture other than that of the person's upbringing or legal residence. The word comes from the Latin ex (out of) and patria (country, fatherland).
During the latter half of the 20th century expatriation was dominated by professionals sent by their employers to foreign subsidiaries or headquarters. Starting at the end of the 20th century globalization created a global market for skilled professionals and leveled the income of skilled professionals relative to cost of living while the income differences of the unskilled remained large. Cost of intercontinental travel had become sufficiently low, such that employers not finding the skill in a local market could effectively turn to recruitment on a global scale.

BACKGROUND
Any major organization operating internationally could rely entirely on staff recruited locally. Most do so for the majority of positions.......


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Approximate Word Count: 2560
Approximate Pages: 11 (250 words per double-spaced page)

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