Before you accept a new position in Hong Kong you need to find out what kind of salary you will need there so you don't end up regretting the move later on. Depending on your employer's offer, you may also need to explain why your salary expectation is what it is.
You can do this with our independent salary and cost-of-living calculations. You will find out how much should be your new salary in Hong Kong with a salary conversion. You can then use this independent report to negotiate a fair compensation for your transfer. Bring hard facts into your negotiation.
Your report will calculate, based on your current salary, how much you should earn in Hong Kong to keep your quality of life unchanged. You will get factual data on the cost-of-living difference between Hong Kong and your current city, including a breakdown by category and a sample of prices in both cities.
With your salary calculation you will find out the salary that you will need in your new city to keep the same standard of living that you currently have in Prague.
Maybe just as important, you will have an independent assessment and hard data showing why you require that salary. This will give you a stronger position to negotiate a better offer. The calculation that you will get includes all the underlying price-data used to calculate the cost of living difference and the salary conversion. This is rock solid data that you can trust.
“I purchased a salary calculation from Expatistan and I appreciate their exceptional service immensely.
Through the calculation I have gained very valuable insights before my move.
Expatistan's help has really been invaluable!”
“The calculation was really helpful to form a realistic view of the cost of living between the two locations.
It was also a valuable reference point in the communication with the HR department when discussing the offer.
I would definitely recommend the calculation as a tool to use in the salary negotiations.”
Our salary calculations are based on data collected by us in Expatistan.com, a collaborative database of prices that is constantly updated and improved. In the last week alone we've added more than 3,000 new prices to the database.
After aggregating, cleaning up and modelling this data, we cross check it and enhance it with public cost-of-living data compiled by international organizations like the United Nations, the World Bank and Eurostat.
The end results are up-to-date, reliable, and comprehensive salary calculations on cost-of-living differences and net income equivalences.
The calculation that you will get combines the biggest cost-of-living database in the world (which we run ourselves) and public data sources, such as the United Nations, the World Bank, the OECD and Eurostat. The PDF document provides detailed cost-of-living information, based on which we calculate the salary that you need in Hong Kong to compensate for the difference in prices with your city. You will know exactly how much more (or less) money you will need in Hong Kong to live as good or better as you now live in your city. Even better, you will be able to explain and justify your salary requirements during your negotiation.
You will be getting a comprehensive and reliable salary conversion for Hong Kong. Get started by downloading a 100% free sample calculation. See for yourself how useful having the right data will be when relocating to Hong Kong.