Most people dream about what their lives will be like if they choose to live and work overseas. Things like what the job market is like, how the salary will support living expenses etc. For those who go as far as applying for jobs, attending an online interview, or beginning the process of leaving their current job to move to their next role overseas.
However, before jumping into it, there are few things that need to be dealt with before boarding that flight.
1.Understand the legal requirements
More often than not, it will be left to you to learn about the process of starting work overseas and learning the legal requirements. It’s worth speaking to an immigration lawyer who can talk you through these requirements so that you don’t miss any vital information about being a foreigner working overseas. You can speak to them about important processes that may be in place, such as the need to pay higher taxes, whether you will be covered for sickness under the local health authority, or about the minimum wage and hours in place so that you’re not caught short due to a lack of understanding about your rights.
2.Learn the perks and risks
Some companies you may end up working at will offer life, health, and disability insurance either for free or from a small salary contribution. Some countries you go to will make this mandatory for all workers as part of their tax or national insurance obligations. However, some countries or companies do not have this as a legal requirement for the protection of their staff. It is your responsibility to not just assume that these things are in place, but to investigate whether they are offered, the options to keep yourself protected and the cost to opt into it.
If things are not in place to protect you in this way then you may consider looking into insurance policies that will cover you for the duration of your employment. If that is also not an option then you should start saving in case of emergencies.
3.Read and Sign any agreements
For some countries, signing a work agreement may not be the norm. However, having something written down will help you to understand all of the terms of employment in case you need it for future reference.
Even if the case is that a standard contract is not usually provided, you should ask your employer whether they can provide a formal offer that includes any potential benefits offered alongside the role and company policies and procedures. You should have an agreement that at least indicates a start and end date, salary, terms of employment. If an employer fails to offer this then draft a letter yourself and ask for a signature to act as protection for both parties.
Moving overseas and starting a new life can be exciting, but will also require a lot of research. Make sure you are equipped with all of the knowledge before you make the leap.
Many companies with overseas locations offer additional compensation to employees who accept expatriate assignments. The money assists you in adapting to a new country, which includes settling into a new home, learning a new language, navigating the region, and finding appropriate schools for your children. They will also cover your moving expenses, as well as your travel expenses and possibly money for house-hunting trips. You’ll need to know how much extra money you’re entitled to in addition to your salary. If you accept a job overseas, you must be aware of your salary, the cost of living, and whether the salary offered is sufficient to maintain your standard of living. You should also be aware of your tax liability for income earned in the United States versus income earned overseas.
Having an illness in a foreign country can be frightening if you are unfamiliar with the availability of medical treatment and health care in your host country. Check the limitations of your current medical coverage or consider purchasing health insurance designed specifically for foreign travel and long-term overseas stays. Check to see if you are fully covered or if you can get health care while living abroad.
Moving to a new country requires cultural cultural assimilation, which can be difficult for some employees depending on the length of the assignment and possibly the reason for the overseas assignment. Even if your employer covers your living expenses and provides additional compensation to help you adjust, you should still find out if your company has a support system in place once you accept the overseas job. If you found work abroad on your own, you may be left to your own devices to adjust to a new culture without much help from your new employer.
7.Kind Of Medical Insurance
Different countries have different medical plans for expatriates, and the majority of them require the purchase of private policies in order to receive better medical benefits. Employers are generally required to deposit a minimum amount into a fund to cover the medical expenses of all employees. While hospitalization and in-patient care are covered, the employee will need to purchase a separate plan for health checks and dental care. You must also negotiate this with your employer.
The paid leaves will be governed by the local laws and regulations of a specific country. Regional, national, and international holidays all play a role in defining working days. Companies do have a separate holiday calendar that contains a list of days off from work. Aside from that, they have a leave policy that you can inquire about before agreeing to join.
Many large seasonal employers, such as ski resorts, hostels, and theme parks, provide accommodation options for their employees. Before accepting any offer, do your homework. While employee-sponsored accommodation is frequently very affordable, there is often a good reason for this. Check the type of accommodations you’ll be staying in, especially whether cooking facilities are available: while this may seem like a small detail, being unable to cook your own food can have a negative impact on your budget. Take-out meals and restaurants can be costly (assuming they are available where you live). Furthermore, the cost of accommodations should be deducted from your salary rather than paid in advance. Conduct thorough research to ensure that you know what to expect.