Hello everyone,
Better job prospects in Sri Lanka can most certainly be an incentive to leave your country of origin. Securing a contract with the right salary and benefits for you can be crucial to make your move successful.
Is salary and benefits negotiation regarded as common practice in Sri Lanka? If yes, how should you go about negotiating your package (during the hiring process, on a monthly/yearly basis...)?
What do you expect to be included in terms of benefits in your package? Which benefits do you deem necessary in Sri Lanka?
Is tax on the salary of an expat applicable in Sri Lanka or do you have to turn to tax bodies in your country of origin to pay your taxes?
Do the exchange rates of currencies impact your salary as an expat?
Looking back, are there some changes you would have made during the negotiation of your salary and benefits package?
Thank you for sharing your experience,
Bhavna
Negotiating salary and benefits in Sri Lanka
Hi Bhavana,
Is salary and benefits negotiation regarded as common practice in Sri Lanka? If yes, how should you go about negotiating your package (during the hiring process, on a monthly/yearly basis...)?
Ans: YES salary and benefits are negotiable commonly in Sri lanka for jobs that does not have a fixed/non negotiable salary. Monthly is more sensible here in Sri lanka.
What do you expect to be included in terms of benefits in your package? Which benefits do you deem necessary in Sri Lanka?
Ans:
-Health insurance
-Housing/accommodation
-Transport Allowance if possible
-Telecoms (wifi, mobile allowance)
Please keep in mind not every job is going to give you this.
Is tax on the salary of an expat applicable in Sri Lanka or do you have to turn to tax bodies in your country of origin to pay your taxes?
Ans:
You will not have to pay tax if you are a foreign employee and not required to turn to tax bodies in your country of origin.
Do the exchange rates of currencies impact your salary as an expat?
Ans:
Yes If your agreed monthly salary is mentioned in a foreign currency in your letterof confirmation.
Looking back, are there some changes you would have made during the negotiation of your salary and benefits package?
I think i answered this above..
Happy to help with any more information.
