To avoid a severe financial shock upon repatriation,many firms have replaced the monthly foreign-service premium with a(n)_____ for each move.

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A mobility premium is typically a lump-sum payment made to an employee who is relocating to cover the extra expenses and inconvenience of moving. This can include costs such as shipping and storage of household goods, temporary housing, and travel expenses. By providing a mobility premium for each move, rather than a monthly foreign-service premium, companies can avoid the risk of a sudden financial shock upon repatriation, while also incentivizing their employees to take on international assignments.

To Avoid a Severe Financial Shock Upon Repatriation,many Firms Have