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Asian Countries with the Best Expat Pay Packages

Asian Countries with the Best Expat Pay Packages

With Hong Kong and Singapore routinely topping the charts as the most expensive places to live and play, it may come as some surprise that Japan offers the best pay packets for expats in Asia.

The average expatriate pay package provided by companies in Japan to mid-level employees is US$386,451 (S$532,104) a year, eclipsing what's on offer anywhere else in the region, according to a report by consultancy ECA International.

Japan also saw the biggest increase in expat package values last year, thanks to a stronger yen and steeper housing costs, said Mr Lee Quane, a regional director at the firm.

The average expatriate pay package provided by companies in Japan to mid-level employees is US$386,451 (S$532,104) a year. Image: AFP
The average expatriate pay package provided by companies in Japan to mid-level employees is US$386,451 (S$532,104) a year. Image: AFP

 

ECA's annual MyExpatriate Market Pay Survey measured expat packages by cash salary along with other perks including accommodation allowances and international school subsidies. It also took the various countries' tax systems into account.

Perhaps because of some of the challenges living in India entails - think bad traffic, overcrowding and pollution - it came in at No. 3, with companies offering mid-level staff an average package of US$299,728 to attract overseas talent.

Hong Kong, the world's least-affordable city, took the No. 4 slot in Asia, with firms shelling out US$276,417 to international employees. Add-on benefits over and above salary were the highest in the region.

Expat pay packages in Singapore increased across the board in 2018, according to an annual survey by ECA International. Image: ST File
Expat pay packages in Singapore increased across the board in 2018, according to an annual survey by ECA International. Image: ST File

Singapore only just squeezes into the top 10. The city-state, known for its low taxes, good schooling and easy outdoor lifestyle, mean companies don't need to offer as many other bells and whistles.

Expat pay packages in Singapore increased across the board in 2018, with yearly salaries climbing by almost US$5,000 while benefits went up by US$6,400 on average.

"This is good news for companies with employees currently living in Singapore, as the relatively high cash salary and benefits and low taxes result in less expense for employers when relocating staff to the country," said Mr Quane.

ECA's survey canvased more than 280 companies in 160 countries and over 10,000 international assignees. Data was collected in late 2018.

 


Source : The Straits Times

Indah Gilang Pusparani

Indah is a researcher at Badan Perencanaan Pembangunan Penelitian dan Pengembangan Daerah Kota Cirebon (Regional Development Planning and Research Agency of Cirebon Municipality). She covers More international relations, tourism, and startups in Southeast Asia region and beyond. Indah graduated from MSc Development Administration and Planning from University College London, United Kingdom in 2015. She finished bachelor degree from International Relations from University of Indonesia in 2014, with two exchange programs in Political Science at National University of Singapore and New Media in Journalism at Ball State University, USA. She was awarded Diplomacy Award at Harvard World Model United Nations and named as Indonesian Gifted Researcher by Australian National University. She is Researcher at Regional Planning Board in Cirebon, West Java. She previously worked as Editor in Bening Communication, the Commonwealth Parliament Association UK, and diplomacy consulting firm Best Delegate LLC in USA. Less
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