EXPAT ALLOWANCES
Tuesday, February 07, 2012|
WHILE it needs to be said that not all ex-pats are getting housing allowances these days, and a lot of companies have been phasing them out, they remain common in the Middle East, far more so than in, say, Singapore. Recent research carried out by the 55 members of the Maritime HR Forum reveals the levels at which housing allowances are being paid to expat staff in shipping (owners, managers, trading houses and oil majors). In Singapore fifty percent of those expats who do receive a housing allowance received SGD36,000 (USD29,000) or less, that being the median figure, with the lower quartile at SGD30,000. There is a big jump to the upper quartile however, at SGD71,000 (USD57,000), meaning that for those lucky ex-pats who do still receive housing allowances, one-quarter of them receive more than this. We should add the caveat that the market in Singapore is far from uniform. Having grown so rapidly in recent years, the Singapore market has developed a sporadic approach to expatriate packages. Foreign workers, both OECD and non-OECD nationals, receive a complete mix of packages, from truly ‘local’, to ‘local plus’ (which itself can mean a variety of things, but we think of it as an enhanced look-after-yourself base salary), to ‘expat’ and ‘true expat’, the latter being workers seconded from their home location for a fixed period. So, whilst the data reported is accurate there are others out there who receive an inflated base salary with no formal housing allowance. In the Middle East the market is more uniform; old-style expat packages are much more the norm. In the UAE, the median housing allowance figure for expatriates is AED150,000 (USD41,000), AED90,000 (USD24,500) at the lower quartile and AED200,000 (USD54,500) for the upper quartile. Home country location and seniority both have their part to play in terms of where employees sit in the range. The Maritime HR Forum is a membership association open to shipping employers globally who benchmark salaries, bonuses and benefits for shipping centres around the world. For an information pack, contact advice@shippingjobs.com. Share This News Story: |
ONE down and eleven to go and, rather predictably, we're Costa heavy this month. And, as Chinese New Year celebrations come to an end and we enter the Year of the Dragon, special events are on our minds...
Read full article →NOBODY in the shipping industry wants to be reporting on a tragedy like that which overtook the Costa Concordia on Friday the 13th and it is sad irony that only two days previously a Maritime London seminar on the salvage issues relating to large containerships warned that shipping would sooner or later face its Deepwater Horizon moment...
Read full article →THE lessons learned from the Titanic - enshrined notably in the Safety of Life at Sea Convention - form the theme for World Maritime Day this year, and sadly the Costa Concordia has proved a sad reminder of what can go wrong.
Read full article →AT the height of their musical powers, R.E.M. wrote some of the loveliest songs in rock music. In 'Everybody Hurts' the singer gives comfort to some poor soul who's life isn't going too well. The lyrics of that song spring to mind when thinking about the tough times being endured by our friends in Greece...
Read full article →NO shouting matches this year at the Piraeus Marine Club's annual P&I seminar, admirably organised by Evmar Marine Service's Maria Prevezanou. Instead, a good deal of sobre consensus in light of current news. Casualty management was already on the agenda, the MV Rena having seen to that.
Read full article →NOW, if you think we're biased in our love of all things P&I, you'd be right. Since Spinnaker was established in 1997, P&I recruitment has been a core part of what we do. Our professional services team have the insurance and legal industry to thank for their very existence no less!
Read full article →SHIPPING'S OSCAR campaign for Great Ormond Street Hospital for Children received a further boost due to the generosity of the London Tanker Operations Party last month at which a rumoured 900 shipping bods gathered at the HQ of the Honourable Artillery Company to pretend that the tanker market was still in good shape.
Read full article →HERE at Spinnaker we always ask job seekers what their motivation is for making a move and we usually find, as do countless surveys, that money is not the most important factor in deciding to change jobs. Therefore, it comes as no surprise to read in The Recruiter that working for a bad boss is a major motivator for changing jobs.
Read full article →Don't forget that if you refer a friend to us for a job and they succeed in getting it, we'll send you GBP400 as a token of our appreciation.
Read full article →NOBODY wants to talk about insolvency during the current climate but it's definitely worth getting some free advice on the legal aspects. Issues on Insolvency Law is the topic for discussion at the next London Shipping Law Centre seminar, due to take place at Moore Stephens' London office on February 22 at 18.00hrs.
Read full article →THE importance of email and web access for seafarers was once again underlined in a survey carried out for the ITF last year: Among the major findings were...
Read full article →UNLAWFUL competition and what you can or can't do when it comes to team moves can land you in court.
Read full article →DO school leavers make better employees than university graduates? One fifth of UK employers believe they do according to the UK's largest recruiter Adecco.
Read full article →


