Pay arrangements (Structure of package, balance sheet calculations)
Whilst cost projections provide a good planning tool, balance sheet calculations offer the most accurate and detailed calculation of the potential cost of an assignment.
Balance sheets are calculated on an individual candidate level, based on their specific assignment and circumstances, offering an exceptional level of insight and control over the term of the assignment.
Santa Fe offers a highly detailed balance sheet service, taking into consideration all allowances, salary, compensation, tax equalisation, housing norms, Cost of Living Adjustment (CoLA) data, relocation costs and all other assignment expenditures. Santa Fe’s balance sheet calculations offer the most accurate level of budgetary control for your assignment programme.
Cost projection
Cost projection is an invaluable tool for a company to provide an indication of the value of an assignment.
Cost projections evaluate the balance between potential cost to the company and the expected benefit to the business of the assignment.
Santa Fe uses industry benchmarks, its experience and refined calculation processes to provide highly accurate projections of the cost of an assignment against the information in your policy. All cost projections are offered in a simple layout that can be delivered in a variety of electronic formats to suit the needs of your business.
Santa Fe’s cost projections provide an estimated total cost of an assignment. The calculation takes into consideration relevant compensation models, allowances and likely relocation costs based on a specific scenario. The cost projection includes adjustments for Cost of Living Adjustment (CoLA) data depending on the destination. In addition, Santa Fe will liaise with your chosen tax provider, or can provide through its own tax provider, the necessary hypo tax calculations to complete the cost projection.
Santa Fe is also able to provide speculative cost projections without specifi c hypo tax calculations in order for clients to evaluate the “cost” of a number of candidates for a particular assignment.
Global expense management
Santa Fe offers solutions for managing all your employees’ relocation and assignment related expenses, enabling you to focus on your core business functions.
Save Time and Money
Our service reduces administration for your business, makes it easier for your employees and removes costs.
Maintain global compliance
We collect expenses directly from your employees and suppliers. We then accurately record and process them with 100% compliance, based on your assignment policies.
Streamlined process
Our online service enables expenses to be submitted from anywhere in the world, irrespective of time zone and ensures reimbursements are made without delay.
A transparent view of your expense programme
We offer your organisation an easy way of managing and controlling expenses by providing reports and analytical dashboards to meet your management needs.
Security
We are firmly committed to ensuring the highest level of security. Our systems are compliant to ISO/EIC27001 standards.
