On the subject of ERP, I am not sure anybody realises that the base exchange rate for your home country is taken as the average exchange rate over the preceeding three years since the months pay you are about to recieve is calculated. The ERP is Capped at a differential of 15%. THe ERP is then applied to 50% of your salary.
If the exchange rate of your home currency has now hit the ERP Limit . ie 15% on 50% of your salary. If you assume the exchange rate remains the same from now on for the next three years, your ERP will be worth 0 in three years time.
It will actually happen sooner as the dollar fell a year ago..
Any corrections welcome
Last edited by flybystring; 6th May 2005 at 15:38.