Explain the Benefits of Gaining International Business Experience and Essay

Explain the Benefits of Gaining International Business Experience and Working as an Expat - Essay Example It will help in understanding cross cultural situations and will eventually contribute to the native country’s cultural competence by making it more competitive and booming in the global marketplace. Benefits are offered to a worker depending upon the region in which a person is operating. A person working in some parts of Europe might not get the same benefits which would be offered in Middle East. Some of the most common benefits which are offered in most of the countries include the following. Many employers offer their employees a 30 day paid vacation. Individuals working at some senior status positions often get 40 days paid vacation. The benefits of vacation vary depending upon the size and status of family i.e., married, single or family. Most positions outside the native country offer a â€Å"Yearly Contract Completion Bonus†. Employers held this type of bonus in escrow and paid to their employee when they re-patriate to their home country. Most of the positions offer transportation allowance to facilitate their employees. Others also furnish the automobiles. Generally, furnishing a car is primarily for those employees who are at sales positions or senior level. While working as an expatriate, some companies offer other benefits which include incentive bonuses, child education, perks, performance increases etc. All benefits are explicated by the recruiting staff of the relevant company. Richard Fearon. "Financial director."  Why getting international experience matters  . 28th November 2010. Web. 10th September 2012.