What kind of expat employment package would be considered fair?
I finished an interview last week, and I have another schedule next month, and a face to face a few weeks after that.
It's actually in Vientiane, Laos, I asked in Thailand because I think I'll get a better response here, than simply in Asia Pacific - Other. During the interview we briefly discussed salary, but as it's the first interview I didn't want to go into depth.
I am currently on Stickman Bangkok's website, trying to see what I could expect. If there are some expats who could help me, it would be appreciated. I mean, is it normal for a package to include housing and a driver? Or is that only in some cases? I just want to know what's fair and normal for an expat.
The position is a medium level managerial position at a financial institution.
You can check on-line what remunerations are offered in Thailand. Job agencies often mention that in their ads.
The 500,000 baht per month Stickman mentions is only relevant for very few top level positions. There are no expat packages in Thailand for mid-level managers.
You can ask any headhunter company and they'll tell you that there are enough qualified Thais around so multinational companies do not need to hire foreigners. And even if they want to hire foreigners to mid-level management positions, there are a sufficient number of people interested that they don't need to entice them with expat packages.
Pay packages for mid-level management positions depend a lot on industry. In the securities industry in Bangkok, it is for example common practice that annual bonus payments range from four to eight (sometimes even 12 or more) months' salary. In the manufacturing industry, the annual bonus scheme is less impressive (normally one to four months), but the fixed salary is then higher.
For a mid-level manager in the securities industry (e.g., Head of Equity Research) should expect around 100,000 baht per month while a senior manager (e.g., Vice President) can make double that. International brokerages tend to pay more.
For a mid-level manager in the manufacturing industry, the pay is likely to be around 150,000 baht per month plus a company car if he's working for a multinational company.
Those salaries are subject to taxation.
For Vientiane, I would ask for a company car, but there is no need for a driver. As for housing, there may be local rules, which you don't know, so ask your employer to provide (a budget is set, you find what you like within the budget, and the company rents). You should also agree with your employer on a net salary (with an offshore portion) so you don't arrive in Lao PDR only to find that the income tax takes 40% of your salary and that you cannot transfer the rest out of the country due to currency regulations.
"Mekong Boatride to Luang Prabong" Crazystrange's photos around Luang Prabong, Lao Peoples Dem Rep
laos packages
laos packages
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