Companies have long accepted the high cost of expatriate assignments as the price of doing business in the global arena. Now, companies are increasingly considering expatriate localization in response to increased pressures to trim costs within global mobility programs. Expatriate assignments cost an average of $1 million over a three-year period; so converting an expatriate to a local package can save a company hundreds of thousands of dollars, if done correctly. Localization involves changing the expatriate's total compensation (including base salary, incentive compensation, risk benefits, perks, social security and retirement plans) into one that is identical to that available to locally hired employees. This is done with the understanding that the employee does not intend to return to their home country. The benefits of localization for cost containment, peer equity and business imperatives are evident. However, developing and implementing an effective localization policy is a challenge that most employers find too daunting to undertake alone. From handling changes in retirement benefits to salary differentials, local labor law and tax compliance, the complexities of this conversion are enormous. Now, corporate employee mobility expert Yvonne Bosson has developed a comprehensive handbook to address the issue in a way that is clear and easy to understand. This invaluable resource guides human resources professionals and relocation administrators through the multifaceted process of examining their current localization policy and identifying areas for improvement. This book is also ideal for companies just beginning to transfer employees globally. It provides an in-depth examination of the structure and components of a successful relocation and localization program along with pertinent advice on communicating policies.
In the past 12-15 years an essentially new trend in electrochemistry has sprung up around the problem of solar energy conversion. Strictly speaking, this is not a purely electrochemical but an interdisciplinary field involving the fields of catalyÂ sis, corrosion, chemistry of disperse systems, and others. Nevertheless, electroÂ chemistry, to be more exact, photoelectrochemistry of semiconductors, provides a theoretical basis for new methods of converting light energy into electrical or chemical energy, which, we hope, shall find practical application in the not so disÂ tant future. In the past years, this field has been discussed amply and at length in special monographs (e. g. , in Ref. [l]). Therefore, in this book the photoelectroÂ chemistry of semiconductors is presented in a concise form (exceptions are only specific problems which have been elucidated incorrectly or have not been covered completely in the literature). In this compact monograph we have abanÂ doned the principle of "self-seclusion": for a more deep insight into the fundaÂ mentals of electrochemistry, photoelectrochemistry, and physics of semiconducÂ tors the reader shall have to refer to the below-cited manuals, while information on the physicochemical properties of particular semiconductor electrodes can be taken, e. g. , from Refs. [2, 3].
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