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 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.

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

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