Eric is a French expatriate working in Canada. He receives a portion of his pay in Canadian dollars to cover his day-to-day expenses and a portion of his pay in Euros to safeguard his earnings from changes in inflation or foreign exchange rates. This type of pay plan is known as

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The pay plan described is split pay, where an employee receives a portion of their pay in the local currency for day-to-day expenses and another portion in their home currency to protect against currency fluctuations or inflation in their home country. This type of pay plan is commonly used for expatriates.

Eric Is a French Expatriate Working in Canada