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GM BHR Quiz

Which type of expatriate compensation approach the Bank adopt?
Home-Based Approach
Host-Based Approach
Balance Sheet Approach
Global Market Approach
Which of the following statement on Cost of Living Allowance (COLA) is false?
COLA is part of the assignee’s annual guarantee cash.
COLA is the additional amount needed to maintain the assignee’s home location purchasing power in host location.
COLA is also known as the Goods and Services (G&S) Differential.
COLA is calculated by comparing the relative total cost of a “market basket” of 12 general categories of goods and services in the home location vis-à-vis the host location at the same point in time.
When is the annual review on COLA, Hardship Premium and Hypo Tax Deduction?
March of the year
June of the year
September of the year
December of the year
What is the Hardship Premium (HP) being calculated?
As a % of the annual base salary, capped at S$250,000 or equivalent
As a % of the annual base salary, no cap
As a % of the annual base salary, capped at S$100,000 or equivalent
As a % of the annual variable bonus
How many home leave passages will I be entitled to?
Once
Twice
Does the Bank pay for the assignee’s accommodation and utilities expenses?
Yes
No
Who pays the taxes on assignment-related reimbursements and allowances?
Bank
Assignee
How much is the relocation allowance?
S$5,000
S$10,000
S$20,000
% of the monthly salary subject to cap of $20,000
Who is not eligible for Children Education Assistance?
Assignee with a child aged 3 years old attending nursery school in host location.
Assignee with a child aged 18 years old attending college in host location.
Assignee with a child aged 13 years old staying in a boarding school in home location.
Assignee with a child aged 18 years old attending college in home location.
What items will be excluded from shipping?
Car
Pet
Valuable paintings
All of the above
Which statement is TRUE of the Regional Medical Plan?
It covers Inpatient, Outpatient, Day Surgery and Emergency Evacuation & Care
It covers CT, PET and MRI scans, Organ Transplant and Oncology Treatment
It covers Inpatient Psychiatric, Accidental Dental Treatment and Chronic Condition Management
All of the above
Are the dependants covered in the Regional Medical Plan?
Yes
No
Depends
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