An expatriate, or ex-pat are the employee who are sent to work abroad on a long-term job assignment such as employees who need populate a new office or senior managers who need to manage or set up a new branch. Expatriate employees generally receive additional benefits, such as cost of living and hardship allowances as well as housing or education and sometimes even paid education for their children.
The major reason companies do so is to gain global exposure. Expats learn and understand about working in different countries and utilize that knowledge to help the organization grow. Expats are also important from a cultural point of view. An expatriate can help to ensure the same culture and processes you use at home, exist abroad if you have offices located in various parts of the world.
There are many factors including both personal and professional that decide who becomes an expat. They should:
In most organizations, the longest that an expatriate employee can be one is up to a maximum of 5 years. It can also vary based on company policies and other requirements.
Most drawbacks of hiring expats are related to finances as they can be more expensive when compared to hiring a foreign worker. The extra costs that the company will have to bear would include their relocation costs, housing benefits and allowances, family benefits such as schooling and childcare, language training, cultural training, and continued counseling costs.
A lot of benefits come with being an expat, such as: