The Turks & Caicos Islands

The total land mass of this island chain is 430 square kilometers which is roughly double the size of Washington D.C. There are no permanent crops, and only 2 percent of the land is arable. The Islands have a total population of about 20,000 people, with a median age of 27.2 years. Of that population, 90 percent is black with the remaining 10 percent considered mixed, European, or of North American. About 98 percent of the population is literate.

The Turks and Caicos economy is based on tourism, fishing, and offshore financial services. Most capital goods and food for domestic consumption are imported. The United States is the leading source of tourist visiting the Islands. American tourists account for more than half of the estimated 93,000 visitors to the Islands in the late 1990s. Major sources of government revenue include fees from offshore f

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nternational assignments are for relatively short time periods of two to five years, the authors of the essay referenced suggest that it may be best if GM Human Resources managers keeps the base salaries for the fifty employees initially selected to open and staff the new office in the Turks and Caicos aligned with salaries in the United States or their country of origin. Benefits. The benefits package for workers on assignment in foreign countries is generally the same as the one provided in the home country. However, an organization must be aware that specific countries require benefits that may not be offered in the home country. These may include enhanced fringe benefits such as more vacation days per week or a work day and work week. Equalization Benefits. Equalization benefits are intended to keep employees on foreign assignments in the same financial condition they were in before accepting the assignment. Some of the benefits in this category include a housing allowance in their host country, educational allowances for the children of transferred employees to enable the children to attend schools comparable to those in their home country, an assignment completion bonus, paid travel home each year, foreign language traini
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Approximate Word count = 2023
Approximate Pages = 8 (250 words per page)

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