Negotiating Remuneration for FOreign Hires

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  1. #1

    Join Date
    Jun 2007
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    5

    Negotiating Remuneration for FOreign Hires

    I've just stepped up my efforts to find employment in HK as a management consultant. Each recruiter I've spoken with has asked me about compensation and benefits expectations. (Typically they are representing large MNC, or large counslting firms with offices through the APAC region). I'm aware that most employers would prefer a local hire (I'm in the US) and want to avoid fully loaded expat packages. My probelm is I'm not sure how to answer the recruiters' questions without sounding greedy and turning them off. I can't afford to absorb the cost of living, housing increase and education expenses (I have 3 young kids) myself, but am willing to share the burden. Can anyone give me a sense of what employers are willing to negotiate today? My housing expenses today are approx $2000 (US) per month, so I think I can get by on the same in HK, but definitely can't afford $20K+ education expesnes. I know these are very broad questions, but any advice our resources will be greatly appreciated.


  2. #2

    Join Date
    Jun 2007
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    Found what I needed

    I'm so new to the board that I didn't realize the rich info that's available by doing related searches. I found what I was looking for inbeded in other posts. No need to respond, but thanks for considering my request. If you need similar info click the link for similar postings at the bottom of this page.


  3. #3

    Join Date
    Apr 2003
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    12,384

    I would expect that the housing might double for a family of 2 + 3 (you're looking at a three bedroom / two bathroom + helper room type flat).

    Also, you're looking at about $7-8K per kid at the VERY minimum in educational expenses.

    With all of this, dare I ask ... "Why Hong Kong?"


  4. #4

    Join Date
    Jun 2007
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    Thanks for the reply. I estimated about $2500 (US) per month for housing and about $22000 per annum for education, so I think we're on the same page.

    As for why HK, I want to expand my consulting resume to include practicing in China. I'm also looking at Shanghai. HK's not mainland China, but its closer than the US and culturally its an easier transition. I spent a week in HK 15 months ago fell in love with the city's feel.


  5. #5

    Join Date
    Apr 2003
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    12,384

    >> I spent a week in HK 15 months ago fell in love with the
    >> city's feel.

    Always a good reason. Having said that, why risk the family's current status?

    Would it not be perhaps a little less risky to move, get settled in and then bring the family over once you're sure that "this is it". I'm saying this, as we often see folks who come here with the family on a venture (as opposed to a transfer) and the stresses of getting settled into a new job, new social and education situation for the kids and wife can be just a little bit too stressful for everyone involved.

    Regardless... best of luck!


  6. #6

    Join Date
    Jun 2007
    Posts
    5

    Thanks for the advice. We'll take under consideration. We definitely want to make a good choice.

    By thw way, regarding schools... are there a a few that you have consistently heard good things about?