Recruitment for International Assignments From Basics to Changing Needs R' David Massery, Director I

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Recruitment for International Assignments From
Basics to Changing NeedsR. David Massery,
DirectorInternational Human ResourcesFidelity
Information Services
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Fidelity National Financial Overview

• Headquartered in Jacksonville, Florida
• Member of Fortune 500 and Forbes 500
• Listed on the New York and Pacific Stock
  Exchanges under the ticker symbol FNF
• 2004 Financials
• revenue of more than 8.1 billion
• net earning of more that 741 million
• More than 25,000 employees worldwide

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Fidelity National Financial Organization
Title and Escrow
Alamo Title Chicago Title Fidelity
National Title
Security Union
Ticor Title
Cyclical
Non-Cyclical
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A Global Solutions Provider
Fidelity Information Services is a
customer-focused information technology company
that provides information services.
Headquarters in Jacksonville, FL
Fidelity Information Services clients in more
than 61countries and territories
24 global offices
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Candidate Search

• SWAN
• Smart
• Work Hard
• Ambitious
• Nice Person

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Why Companies Pursue International Opportunities

• High growth opportunities in basic service areas
• Markets are being liberalized around the world
• Penetration is low in developing countries
• Demand is unserved in developing countries
• Meet needs of multinational corporations
• Position for global competition
• Opportunity of earning returns above the cost of
  capital

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Overseas Assignments

• High costs
• Tax implications
• Ex-patriot package
• Housing allowance
• Goods and services allowance
• Transportation allowance
• Tax equalization
• Tax preparation
• Relocation
• Immigration expenses
• Cultural orientation

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International Challenges

• High costs of assignments
• Security issues
• Doing business in a different environment
• Need for local language skills
• Need for cultural orientation

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International Challenges

• Dual career couples
• Family issues
• Undesirable locations (emerging markets)
• Lack of career path
• Complexity of moving employees between countries
• Increased competition forces cost sensitivity

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International Assignment Cost Estimate

• Factors
• Foreign Income Tax 53
• US Overhead 25
• Hardship Pay 10
• Education Cost 20,000
• Coach Class Ticket Cost 2,500
• Tax Preparation Cost 5,000
• Cultural Training Cost 3,000
• Relocation Benefit 4,000
• Relocation Cost 25,000
• House Purchase Cost 0
• Monthly Storage Costs 500
• Transportation Allowance 500
• Salary Schedules Dated Apr-04
• ORC Tables Dated 4/6/2005
• Hypo Tax Tables Dated 12/04

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International Assignment Cost Estimate
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International Assignment Cost Estimate
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Changing Nature of Assignments

• Shorter business trips
• Localizing employees in overseas locations
• Requirement from some companies for an overseas
  assignment as a precursor to advancement

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Local Regulations/Laws/Work Philosophies

• Works councils
• Data Protection Acts in EU, AP
• Longer holidays and time off
• Maternity and paternity
• Employee protection from termination

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Questions

• Questions?