How should compensation and benefits policies be developed when individuals are employed in different countries on local terms and conditions? The best time to develop a global compensation and benefits philosophy and strategy is when the company establishes or acquires its first international local office or subsidiary; hasty ad hoc decisions can create situations that may take years to rectify.
Global Compensation and Benefits provides a detailed look at the most important issues you'll face in developing effective compensation and benefits policies for individuals employed in different countries on local terms and conditions.
The booklet, which is part of SHRM's Global HR Management Series, covers such key questions as deciding which compensation and benefits policies should be driven by local practice in contrast to being primarily determined on a global basis. Specific critical issues must be addressed including variation in local practices; assessment of competitive practice; obtaining the right information about pay practices; sources of compensation data; comparative salary levels; and much more. Global Compensation and Benefits will help multinationals develop a workable system that balances cost-effectiveness for the employer with competitiveness in attracting high-quality candidates.
Order this booklet if you are involved with compensation and benefits plans for employees who work on the basis of local terms and conditions.
Endorsement "Thanks for an extremely useful compensation tool. Global Compensation and Benefits is fabulous. It answered several issues and gave me a better understanding of global compensation. Nice job!" -- Brad Clippinger, Bechtel Corporation
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