We're a European software company considering relocating an executive of ours to Singapore to start our APAC operations there. This is likely to be something like a VP of Marketing & Business Development.
We understand that we'll need to cover this persons education, healthcare and rental costs (and have decent data around that). What we are trying to figure out is the following:
1. Salary – considering the that the employee might be subject to taxation by his home country's tax authorities (at "European rates" that are considerably higher than Singapore's) and that we'd be covering education, healthcare and rent on top his/her salary, what would a fair salary be for such an executive (again, a tenured high-tech VP Marketing/Business Development). Please indicate if you and answering in USD or SGD.
2. What other T&C (on top of education, healthcare and rent) is it common to provide such a person/position. Specifically, what about the following:
- What is it the acceptable level of a relocation (settling in) bonus?
- Do companies using pay for some activity (e.g. education) for the employees spouse?
- Transportation - How much should the employee get paid towards a car. And would he also be entitled to expense work related transportation (e.g. taxi to a client meeting) on top of the car budget.
- Who covers other school related costs (uniform, trips, food)?
- Who pays the home utilities (electrical, water, gas) and communications?
Many thanks for your help!