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How good is my HK package?


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Old 15th April 2012, 10:38 PM
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Default How good is my HK package?

I am a single American from New York currently living in London in my early 30s that is contemplating moving to HK later this year and wondering how good my package is...

900,000 base salary (includes required provident fund contributions)
90,000 cost of living allowance
450,000 (up to) housing allowance
75,000 moving expense allowance
60,000 temporary housing allowance
bonus - to be determined
Expat Tax prep by designated accountant
1 business class trip back home yearly
firm medical plan, not sure about dental yet

I am fairly excited about moving to HK from the UK but the company didn't pay for any of my housing, expat tax prep or flights home when I moved here so I'm not a real expat package. I'm trying to determine how hard I should negotiate the offer above. I really would like to be made whole for my 1 year stay in the UK before I make the jump to HK. If I stayed here I wouldn't lose any sleep. After talking to several folks internally it seems that I'm in a good position to ask for more. What are your thoughts?


Last edited by cooltech; 15th April 2012 at 10:53 PM.
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Old 17th April 2012, 10:29 AM
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Originally Posted by cooltech View Post
I am a single American from New York currently living in London in my early 30s that is contemplating moving to HK later this year and wondering how good my package is...

900,000 base salary (includes required provident fund contributions)
90,000 cost of living allowance
450,000 (up to) housing allowance
75,000 moving expense allowance
60,000 temporary housing allowance
bonus - to be determined
Expat Tax prep by designated accountant
1 business class trip back home yearly
firm medical plan, not sure about dental yet

I am fairly excited about moving to HK from the UK but the company didn't pay for any of my housing, expat tax prep or flights home when I moved here so I'm not a real expat package. I'm trying to determine how hard I should negotiate the offer above. I really would like to be made whole for my 1 year stay in the UK before I make the jump to HK. If I stayed here I wouldn't lose any sleep. After talking to several folks internally it seems that I'm in a good position to ask for more. What are your thoughts?
any thoughts?

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Old 17th April 2012, 07:01 PM
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can anyone provide any advice?

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Old 22nd April 2012, 11:01 PM
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any thoughts?
nada?

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Old 23rd April 2012, 01:25 AM
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Not sure how those figures compares to other employees at your level but to the level I run into on a daily basis you will have it pretty good. most apartments (500sq ft) will run from 9,000 to 25,000 per month and parking your car can cost 1500 to 3,000 per month so that will be most of your higher expenses each month.

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Old 25th April 2012, 05:46 AM
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Youll easily get by with that and enjoy life that most localers will not have a chance to - great move

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Old 25th April 2012, 02:02 PM
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thanks guys

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Old 30th April 2012, 10:04 AM
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What currency are you talking about? If it's HKD then it's alright, USD will be very good and GBP will be supreme package.

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Old 30th April 2012, 11:32 AM
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what currency are you talking about? If it's hkd then it's alright, usd will be very good and gbp will be supreme package.
hkd

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Old 1st May 2012, 10:02 AM
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It's quite a good package even though if it is in HKD and you can spend on things you like without second though. With that kind of package, you won't feel a pinch on the daily expenses and can live very well in HK. Don't contemplate anymore, you are on the right track.

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