As per the recent survey, Japan is the most expensive place to send overseas employees to work. It has overtaken the U.K., which used to be on top in the previous times.
The average package in Japan for immigrants ranges from $405,685, which is more than any other international business hub, as per “MyExpatriate Market Pay” survey by data company ECA International.
The U.K. has dropped from the top spot to the second most expensive location to send overseas employees in 2020. The other countries that ranked high on the overall cost list were India, China, and Hong Kong.
The top 5 most expensive places to employ expats
Country | Salary (USD) | Benefits (USD) | Tax (USD) |
Japan | 86371 | 143354 | 175960 |
United Kingdom | 73130 | 155166 | 176109 |
India | 79629 | 72236 | 166731 |
China | 79249 | 105109 | 101446 |
Hong Kong | 88392 | 156884 | 34124 |
Countries like France, the United States, Switzerland, Argentina and Taiwan were ranked under top 10 in the list.
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The annual study aims to assist the organizations looking to relocate staff by standardizing their packages besides the market. Employers who provide cash salaries compensate expat workers with benefits like:
- Accommodation
- School fees and
- Transportation
While in 2021, the overall cost of employing expat workers has dropped down because of the pandemic and related travel restrictions. All these factors lowered demand, and therefore they are availing costs of accommodation and other benefits.
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Countries like Taiwan, Canada, and Morocco were listed in the top 20 in 2020, as the overall packages of the expat packages rose because of a pandemic.
“The cost of employing a mid-level expatriate in Taiwan increased by $10,733 last year,” said Quane, noting the island’s strong response to the pandemic boosted house prices. “Consequently, Taiwan has leapfrogged nations such as South Korea and Australia in our rankings, and is now the tenth most expensive location to employ expatriate staff.”
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