I will add to the OP here.
I've been on Expat assignments with EM for nearly x2 decades. Across Africa, Middle East, and Asia. It was very financially beneficial at the beginning of my career - great life experiences and cash. However, Exxon and HR have eliminated the financial benefits to these locations.
A few examples:
- Most of the "extra's" to make up for moving losses have been eliminated. Housing sale assistance is gone. Appliance assistance is gone. Vehicle assistance is way reduced. For anyone that moves repeatedly with the company, each move is a financial loss for you.
- All of the premiums across the globe have been slashed. But, that's just the part you see. It's also downwards pressure on all other allowances: utilities, cost of living, etc. These used to be substantial parts of our paychecks, and now they are mostly benign.
- The warzone risk is real. Families in the Middle East were forced to evacuate (can't return) and we've handed out radiation suits in the UAE and been told to 'tape up our windows and shut off the AC' (120F there in the summer!) in case the nuclear power plant sustains a more direct hit. The $ premium HR has assigned to living like this? An extra 10 %.
- Out of pocket costs to employees has skyrocketed. It's common to now pay for housing out of your pocket as HR assumes you want to live out of a cardboard box. They've also limited education costs. Many families are now on the hook to pay thousands of $ in schooling for their own kids as the only qualified school in the area is outside of approved reimbursement range.
Whether you like Exxon or not - the OP is correct. For younger employees that hear from us older ones the $ we made on Expat assignments back in previous decades... be fair warned that the system is only a shell of what it was. If you want to go see the world, great. If you want to be paid for it, don't do it at Exxon.