International
Assignment
Policies and
Practices Survey
Swiss Headquartered Companies
2013
1© 2013 KPMG AG/SA, a Swiss corporation, is a subsidiary of KPMG Holding AG/SA, which is a subsidiary of KPMG Europe LLP a...
Demographics
3© 2013 KPMG AG/SA, a Swiss corporation, is a subsidiary of KPMG Holding AG/SA, which is a subsidiary of KPMG Europe LLP a...
4© 2013 KPMG AG/SA, a Swiss corporation, is a subsidiary of KPMG Holding AG/SA, which is a subsidiary of KPMG Europe LLP a...
5© 2013 KPMG AG/SA, a Swiss corporation, is a subsidiary of KPMG Holding AG/SA, which is a subsidiary of KPMG Europe LLP a...
6© 2013 KPMG AG/SA, a Swiss corporation, is a subsidiary of KPMG Holding AG/SA, which is a subsidiary of KPMG Europe LLP a...
Transferring
Employees to
Emerging Markets
8© 2013 KPMG AG/SA, a Swiss corporation, is a subsidiary of KPMG Holding AG/SA, which is a subsidiary of KPMG Europe LLP a...
9© 2013 KPMG AG/SA, a Swiss corporation, is a subsidiary of KPMG Holding AG/SA, which is a subsidiary of KPMG Europe LLP a...
10© 2013 KPMG AG/SA, a Swiss corporation, is a subsidiary of KPMG Holding AG/SA, which is a subsidiary of KPMG Europe LLP ...
11© 2013 KPMG AG/SA, a Swiss corporation, is a subsidiary of KPMG Holding AG/SA, which is a subsidiary of KPMG Europe LLP ...
Meeting rapidly
changing business
requirements
13© 2013 KPMG AG/SA, a Swiss corporation, is a subsidiary of KPMG Holding AG/SA, which is a subsidiary of KPMG Europe LLP ...
14© 2013 KPMG AG/SA, a Swiss corporation, is a subsidiary of KPMG Holding AG/SA, which is a subsidiary of KPMG Europe LLP ...
Local to Local Policy
16© 2013 KPMG AG/SA, a Swiss corporation, is a subsidiary of KPMG Holding AG/SA, which is a subsidiary of KPMG Europe LLP ...
17© 2013 KPMG AG/SA, a Swiss corporation, is a subsidiary of KPMG Holding AG/SA, which is a subsidiary of KPMG Europe LLP ...
Income Tax and Social
Security Compliance
19© 2013 KPMG AG/SA, a Swiss corporation, is a subsidiary of KPMG Holding AG/SA, which is a subsidiary of KPMG Europe LLP ...
20© 2013 KPMG AG/SA, a Swiss corporation, is a subsidiary of KPMG Holding AG/SA, which is a subsidiary of KPMG Europe LLP ...
21© 2013 KPMG AG/SA, a Swiss corporation, is a subsidiary of KPMG Holding AG/SA, which is a subsidiary of KPMG Europe LLP ...
22© 2013 KPMG AG/SA, a Swiss corporation, is a subsidiary of KPMG Holding AG/SA, which is a subsidiary of KPMG Europe LLP ...
23© 2013 KPMG AG/SA, a Swiss corporation, is a subsidiary of KPMG Holding AG/SA, which is a subsidiary of KPMG Europe LLP ...
Thank you
Judith Mitchell
Partner, International Executive Services
Lausanne
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KPMG’s IES – International Assignment Policy Event 2013

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On 3 September 2013 KPMG’s IES practice Switzerland presented the results of the 2013 survey of International Assignment Policies and Practices of Swiss Headquartered Companies to their clients.

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KPMG’s IES – International Assignment Policy Event 2013

  1. 1. International Assignment Policies and Practices Survey Swiss Headquartered Companies 2013
  2. 2. 1© 2013 KPMG AG/SA, a Swiss corporation, is a subsidiary of KPMG Holding AG/SA, which is a subsidiary of KPMG Europe LLP and a member of the KPMG network of independent firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss legal entity. All rights reserved. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks of KPMG International. Agenda 1. Demographics 2. Key Challenges for Global Mobility in 2013 3. Transferring Employees to Emerging Markets 4. Meeting rapidly changing business requirements 5. Local to Local transfers 6. Income Tax and Social Security Compliance 7. Legal Issues
  3. 3. Demographics
  4. 4. 3© 2013 KPMG AG/SA, a Swiss corporation, is a subsidiary of KPMG Holding AG/SA, which is a subsidiary of KPMG Europe LLP and a member of the KPMG network of independent firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss legal entity. All rights reserved. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks of KPMG International. Demographics In which industry sector does your company operate? 12% 29% 6% 6% 6% 12% 12% 6% 12% Construction/Engineering Financial Services Food and beverages Healthcare and Medicine High Technology Manufacturing Pharmaceuticals Retail and Consumer Products Other
  5. 5. 4© 2013 KPMG AG/SA, a Swiss corporation, is a subsidiary of KPMG Holding AG/SA, which is a subsidiary of KPMG Europe LLP and a member of the KPMG network of independent firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss legal entity. All rights reserved. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks of KPMG International. Demographics How many assignees does your organization have globally? 6% 6% 29% 24% 24% 12% Less than 10 10 to 50 51 to 100 101 to 200 200 to 500 501 to 1000
  6. 6. 5© 2013 KPMG AG/SA, a Swiss corporation, is a subsidiary of KPMG Holding AG/SA, which is a subsidiary of KPMG Europe LLP and a member of the KPMG network of independent firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss legal entity. All rights reserved. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks of KPMG International. Demographics Top Home and Host locations Switzerland United States Singapore Hong Kong China New assignment destinations added in 2013 •Argentina •Chile •Panama •Uruguay
  7. 7. 6© 2013 KPMG AG/SA, a Swiss corporation, is a subsidiary of KPMG Holding AG/SA, which is a subsidiary of KPMG Europe LLP and a member of the KPMG network of independent firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss legal entity. All rights reserved. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks of KPMG International. Key Challenges for Global Mobility in 2013 Key Challenges for Mobility Transferring Employees to Emerging Markets Increased use of Local to Local transfers Meeting rapidly changing business requirements Ensuring local compliance with global policy
  8. 8. Transferring Employees to Emerging Markets
  9. 9. 8© 2013 KPMG AG/SA, a Swiss corporation, is a subsidiary of KPMG Holding AG/SA, which is a subsidiary of KPMG Europe LLP and a member of the KPMG network of independent firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss legal entity. All rights reserved. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks of KPMG International. Transferring Employees to Emerging Markets Which policy do you use to transfer employees to emerging markets? 71% 18% 12% Balance sheet approach “Host-Plus” package (host- based with certain benefits provided) Other
  10. 10. 9© 2013 KPMG AG/SA, a Swiss corporation, is a subsidiary of KPMG Holding AG/SA, which is a subsidiary of KPMG Europe LLP and a member of the KPMG network of independent firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss legal entity. All rights reserved. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks of KPMG International. Transferring Employees to Emerging Markets Companies using the Balance Sheet approach LESS than in prior years 69% 44% 19% 2010 2012 2013
  11. 11. 10© 2013 KPMG AG/SA, a Swiss corporation, is a subsidiary of KPMG Holding AG/SA, which is a subsidiary of KPMG Europe LLP and a member of the KPMG network of independent firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss legal entity. All rights reserved. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks of KPMG International. Transferring Employees to Emerging Markets Do you ever transfer any employees to BRIC or other developing countries on a Local to Local basis? 59% 41% Yes No
  12. 12. 11© 2013 KPMG AG/SA, a Swiss corporation, is a subsidiary of KPMG Holding AG/SA, which is a subsidiary of KPMG Europe LLP and a member of the KPMG network of independent firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss legal entity. All rights reserved. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks of KPMG International. Transferring Employees to Emerging Markets If yes, do you pay any benefits in addition to those provided under your standard Local to Local policy? 41% 35% 35% 35% 29% 29% 6% 6% Tax return preparation Home-finding assistance Temporary accommodation Full or partial school fees Lump-sum relocation allowance Housing support Location premium/allowance Nothing in addition
  13. 13. Meeting rapidly changing business requirements
  14. 14. 13© 2013 KPMG AG/SA, a Swiss corporation, is a subsidiary of KPMG Holding AG/SA, which is a subsidiary of KPMG Europe LLP and a member of the KPMG network of independent firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss legal entity. All rights reserved. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks of KPMG International. Meeting rapidly changing business requirements Trend away from the balance sheet seems to have slowed - but pressure to control costs remains Need for greater flexibility in policies – decisions on level of benefits is more frequently left to the business Business has to be more agile to compete in rapidly evolving markets – Mobility has to ensure it is keeping pace As transfers to developing countries become more common, so do split-family situations. What is the appropriate level of support to provide? Challenges for Mobility
  15. 15. 14© 2013 KPMG AG/SA, a Swiss corporation, is a subsidiary of KPMG Holding AG/SA, which is a subsidiary of KPMG Europe LLP and a member of the KPMG network of independent firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss legal entity. All rights reserved. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks of KPMG International. Meeting rapidly changing business requirements 62% 38% Have you made changes to your assignment policy in the past 12 months? Yes No
  16. 16. Local to Local Policy
  17. 17. 16© 2013 KPMG AG/SA, a Swiss corporation, is a subsidiary of KPMG Holding AG/SA, which is a subsidiary of KPMG Europe LLP and a member of the KPMG network of independent firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss legal entity. All rights reserved. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks of KPMG International. Local to Local transfers What is your company’s policy in relation to Local to Local moves? 24% 6% 65% 6% No formal policy – benefits provided to transferring employees are agreed on a case- by-case basis Formal policy or guidelines are in place for Local to Local moves to Switzerland Formal policy or guidelines are in place and are applied globally Other
  18. 18. 17© 2013 KPMG AG/SA, a Swiss corporation, is a subsidiary of KPMG Holding AG/SA, which is a subsidiary of KPMG Europe LLP and a member of the KPMG network of independent firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss legal entity. All rights reserved. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks of KPMG International. Local to Local transfers Which are the standard benefits you provide to all employees transferring under your company’s Local to Local policy? 71% 71% 65% 59% 35% 24% 12% 6% Temporary accommodation Tax return preparation Home-finding assistance Lump-sum relocation allowance Other * Full or partial school fees Housing support Nothing in place
  19. 19. Income Tax and Social Security Compliance
  20. 20. 19© 2013 KPMG AG/SA, a Swiss corporation, is a subsidiary of KPMG Holding AG/SA, which is a subsidiary of KPMG Europe LLP and a member of the KPMG network of independent firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss legal entity. All rights reserved. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks of KPMG International. Income Tax and Social Security Compliance Do you see the lack of a global overview of how payroll reporting and compliance issues are handled at the local level as a serious risk for your company? 71% 29% Yes No
  21. 21. 20© 2013 KPMG AG/SA, a Swiss corporation, is a subsidiary of KPMG Holding AG/SA, which is a subsidiary of KPMG Europe LLP and a member of the KPMG network of independent firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss legal entity. All rights reserved. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks of KPMG International. Income Tax and Social Security Compliance Although you may have a global policy in place, how do you ensure that local payrolls are correctly implementing the policy? 41% 35% 35% 29% Global compensation collection and reporting process ensures compliance Compliance is left to each country Global process in place to ensure compliance Other *
  22. 22. 21© 2013 KPMG AG/SA, a Swiss corporation, is a subsidiary of KPMG Holding AG/SA, which is a subsidiary of KPMG Europe LLP and a member of the KPMG network of independent firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss legal entity. All rights reserved. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks of KPMG International. Income Tax and Social Security Compliance What is your company’s approach to cross-border workers and short-term business visitors? 41% 41% 35% 24% 6% Population not managed or tracked by Mobility Specific policies have already been developed to deal with this population Population not tracked centrally and there may be compliance risks There is generally a good awareness in the company of risks associated with this population Very limited numbers of short-term business visitors and commuters
  23. 23. 22© 2013 KPMG AG/SA, a Swiss corporation, is a subsidiary of KPMG Holding AG/SA, which is a subsidiary of KPMG Europe LLP and a member of the KPMG network of independent firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss legal entity. All rights reserved. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks of KPMG International. Income Tax and Social Security Compliance What are your major compliance concerns in respect of your globally mobile employees? 65% 59% 53% 47% 41% 29% Income tax compliance Collecting and reporting global compensation Social Security Compliance Tracking of assignees Tracking and reporting equity compensation and host-paid benefits Legal issues
  24. 24. 23© 2013 KPMG AG/SA, a Swiss corporation, is a subsidiary of KPMG Holding AG/SA, which is a subsidiary of KPMG Europe LLP and a member of the KPMG network of independent firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss legal entity. All rights reserved. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks of KPMG International. Legal Issues Which legal issues are of the greatest concern to you? 65% 47% 41% 18% 12% Provisions in case of termination of employment Structuring of assignment contracts Provisions around sick leave, annual leave, maternity leave etc Changes to assignment policy Other
  25. 25. Thank you Judith Mitchell Partner, International Executive Services Lausanne
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