Are you an Executive thinking of working abroad?
Executive positions overseas can be rewarding both financially
Professionals move abroad for a number of reasons, not the least of which is an improved lifestyle, better climate, better educational opportunities for children, fast tracked advancement and sometimes just for the adventure. And overseas experience can look great on your CV.
However, a shining opportunity to 'get on in life' can turn sour very quickly if the right package has been missed early in the negotiation process.
Beginning the Process
As with all major career changes, a new job role abroad begins with the interview stage. And a professional, targeted CV is your passport to the interview room. When tailoring your CV for a job abroad, it is vital to understand the working environment you are entering and the obligations expected of you in your new role.
The task of assessing a new working environment can be complex, especially in a strange climate and new economy. Professional recruitment advice is often the best way forward when approaching an overseas job opportunity. While at home a two or three year contract might seem attractive, executives abroad aim for a lengthier term to make the move financially worthwhile.
Executives considering a move overseas face a complicated process of negotiation on the contract that will be the lynch pin of their daily life, both at home and at work. Basic salary is the starting point - with a number of extras that might include:
- Health cover, not only for you but also for the rest of the family
- Tax cover
- Repatriation costs
- Leave entitlement
- Transport and possibly a driver
- School fees
- Entertainment allowance
The era of the colonial expat has to a certain extent died a death in recent years. However, that is not to say that remunerative extras are a thing of the past and when it comes to contract negotiation it is very much a case of 'if you don't ask you won't get…' And finding the right perks for the job can enable you to earn more, save more and spend less…
Identifying the basics is imperative to securing the right package. For example in countries where property rentals are easily affordable a rent allowance is a negligible extra, but in Singapore, Hong Kong or Abu Dhabi paying rent could render you penniless within a month. Finding out every available fact about the country you are to work in will save aggravation later on. And remember that once a contract is signed it is too late to argue.
Developing countries can offer a wealth of working and social opportunities but it is important to be appraised of local working customs and policies and also the laws of the land. Check that you have examined every aspect of your new role before stepping into a new role overseas, specifically:
- Severance, notice period, settlement…
- Translation of contract (and whether translation should be certified)
- Salary payment currency and whether there is an offshore option
- Immigration issues for the family
- Work permits
- Leave entitlement
- Dispute procedure
- The Expatriate Package
Taking your skills overseas could be the best move you ever made, provided all the boxes are ticked before you leave. Making timely and thorough preparations can mean the difference between an enriching experience abroad and a foreign nightmare. Do not be tempted to travel to a new country and negotiate a local contract - you will find the terms are poor in comparison to an expatriate package.
This year's top posting? Shanghai, China.
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About The Author
Helga Ann Edge MBA is a sought-after CV Resume and LinkedIn Profile writer and career coach. Since 1990, she has helped many thousands of clients find not just a job but a rewarding career through her sites www.aperfectcv.co.uk and www.aperfectcareer.co.uk. Helga can be reached at firstname.lastname@example.org Follow Helga on Twitter .. https://twitter.com/APerfectCV
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