Multinationals spend 30,000 euros monthly on expat execs, half of which on salary - Azi

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The net salary accounts for just half of an expat"s costs in Romania.

A multinational spends around 30,000 euros a month on an expat who holds a CEO or a general manager position, i.e. 360,000 euros a year, with the net salary making up only half this sum. The biggest differences between foreign executives and Romanian ones are not salary-related, although the base salary is around 20-30% higher for expats (i.e. 15,000 euros in net sum for a foreign CEO of a large multinational). The major...

Read the whole story in: Ziarul Financiar