The UK has again been found to be the most expensive country to send employees on assignment, according to ECA International's latest expatriate market salary survey and an article by Relocate Magazine.
While the fall in the value of Sterling against the Dollar post-Brexit has made the costs of assignments cheaper compared to 2016, the UK remained the highest cost location primarily due to the costs of tax, and the high price of benefits such as accommodation.
Other findings in the survey saw assignment costs in France and Germany fall due to the decline of the value of the Euro versus the Dollar. Germany, in 23rd place in the rankings, was the lowest ranked European destination due to a combination of relatively low salary, personal taxation and benefits.
This year’s survey found that the fall in the value of sterling against the dollar had resulted in its becoming cheaper in 2017 to send expats to the UK, with the cost of a typical package for a middle manager dropping to $384,400 a year.