Download or read book Selecting compensation as an element to illustrate the difficulties multinational companies face in utilising expatriates written by Manfred Daberto and published by GRIN Verlag. This book was released on 2008-03-04 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2003 in the subject Leadership and Human Resources - Miscellaneous, grade: 2, University of Manchester, language: English, abstract: The workplace has changed the last years. The employees enjoy more career opportunities. Their acceptance of an international assignment depends on a large degree on the organisation’s compensation policy. The expatriate compensation policy should follow the same principles as the domestic compensation in order to attract, retain and motivate employees to fulfil the expectations of the company within a determined budget (Jagatsing, 2000). The expatriate defined means “an employee of one company who is sent for a limited period of time from his or her place (country) of domestic employment to a place of assignment, for the purpose of working for and providing services to a receiving company.” (ASN, Services for Expatriates, March 2004). Compensation is “the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period.”(United Nations Statistic Division, March 2004). The difficulties of the compensation of an expatriate lie in different economic systems, development models, political and institutional contexts, different pension systems, taxation issues and different cultures and traditions. Expatriate compensation is very complex and a challenging issue. Black (1991 in Suutari and Tornikoski, 2001) argued that 77 per cent of the expatriate managers were dissatisfied with their salaries and their compensation package. Considering these difficulties and differences in the international context the Human Resource Manager has to ensure that the compensation is fair and that it is also cost-effective in today’s global market place.

Download or read book Selecting Compensation As an Element of the Expatriation Process to Illustrate the Difficulties Multinational Companies Face in Utilising Expatriates written by Manfred Daberto and published by . This book was released on 2013-12 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2003 in the subject Business economics - Personnel and Organisation, grade: 2, University of Manchester, 13 entries in the bibliography, language: English, abstract: The workplace has changed the last years. The employees enjoy more career opportunities. Their acceptance of an international assignment depends on a large degree on the organisation's compensation policy. The expatriate compensation policy should follow the same principles as the domestic compensation in order to attract, retain and motivate employees to fulfil the expectations of the company within a determined budget (Jagatsing, 2000). The expatriate defined means "an employee of one company who is sent for a limited period of time from his or her place (country) of domestic employment to a place of assignment, for the purpose of working for and providing services to a receiving company." (ASN, Services for Expatriates, March 2004). Compensation is "the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period."(United Nations Statistic Division, March 2004). The difficulties of the compensation of an expatriate lie in different economic systems, development models, political and institutional contexts, different pension systems, taxation issues and different cultures and traditions. Expatriate compensation is very complex and a challenging issue. Black (1991 in Suutari and Tornikoski, 2001) argued that 77 per cent of the expatriate managers were dissatisfied with their salaries and their compensation package. Considering these difficulties and differences in the international context the Human Resource Manager has to ensure that the compensation is fair and that it is also cost-effective in today's global market place.

Download or read book Best Practices for Managers and Expatriates written by Stan Lomax and published by Wiley. This book was released on 2001-08-20 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Wealth of Practical Advice and Expert Insight on the Expatriate Experience Former human resources manager and expatriate Stan Lomax shares his considerable experience and innovative ideas on best practices for overseas assignees and their managers. He discusses common problems and answers tough questions for parties on both sides of the expatriate issue. He provides tips and advice on issues from choosing and training candidates to applying for overseas positions and getting the best compensation package possible. Expert advice on these subjects, and more, is included: Overcoming the challenges faced by managers and expatriates Furthering your professional goals through overseas assignments Becoming selected as an expatriate Training and preparing expatriate candidates Negotiating reasonable expatriate compensation and benefits packages Matching personal and professional goals with your company’s business strategy Best practices case studies Effective repatriation and sound career path planning Whether you’re an expatriate, a candidate, or a manager of expatriates, Best Practices for Managers and Expatriates provides the practical and reliable advice you need.

Download or read book Expatriates and Managing Global Mobility written by Soo Min Toh and published by Taylor & Francis. This book was released on 2022-09-23 with total page 333 pages. Available in PDF, EPUB and Kindle. Book excerpt: Multinational enterprises continue to rely heavily upon expatriates as part of their global workforce. These expatriates, whose exact employment contract may take different forms, are assigned to help them develop global skills as well as to foster knowledge transfer. But managing this expatriate workforce is extremely complex, requiring a questioning of assumptions and sensitivity to new social and cultural dynamics. This book sets out to examine the problem of expatriate management through an I/O Psychology lens. Each chapter draws upon the expertise of scholars from around the world to provide insights into the latest research findings and remaining needs, pertaining to a wide variety of issues. The contributors of this book review the current state of the research of the issue at hand and then make recommendations for where the new frontiers of the research should be in the coming decades. This volume covers four sets of issues pertaining to expatriate management and global mobility in depth. First, the different decision points organizations must make about assigning someone to an overseas location for some period of time; second the different categories of employees in the multinational corporation and their unique characteristics and challenges; third, the various issues and implications of managing a globally mobile workforce; and fourth, the unique contexts of global mobility. Overarching future research themes are identified that lay out the research agenda for the coming decades. By bringing together key research, this book aims to help I/O psychologists understand, explore, and identify new ways of contributing to the understanding of the issues involved in managing an expatriate workforce. Incorporating state-of-the art I/O psychology research in this unique context bears the promise of yielding important new paradigms and practices.

Download or read book Expatriate Compensation written by Mark Bussin and published by eBook Partnership. This book was released on 2015-02-28 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: Working in the field of expatriate compensation is extremely complex. Designing and administering appropriate pay levels and rewards for a globally mobile workforce present multi-faceted difficulties and challenges for all organisations and international consultants. Not only must we deal with the technical exercise of calculating and equating quality-of-life standards for mobile employees, but we must also address the psychological issues of transferring employees from one culture to another sometimes vastly different one. There is a lot at stake here: from an organisational productivity and cost perspective all the way through to employee performance and motivation. Without question, successfully addressing and resolving all of the quantitative and qualitative issues and concerns with mobility are what separates premier global human resources professionals from the average players.Dr Bussin's latest book, Expatriate Compensation, is an aggregation of his extensive experiences working in the field. He and his cadre of expert authors comprehensively cover every aspect of dealing successfully with international assignments and the mobile employee: from the reasons to go global to setting appropriate market-based pay rates, tax implications, recognising and rewarding performance and dealing with employee motivational issues. Moreover, Dr Bussin has the gift of taking this very complex subject matter and distilling it so that it can be easily understood and absorbed. Indeed, all of the information in the book is presented in a practical, straightforward,and real-world manner.The contents include: Expatriate assignment approaches Fringe benefits Career management of expatriates Job pricing Expatriate reward models Cost-of-living data, expatulator and calculations Taxation and the expatriate Performance management How to retain Your expatriates Trendsetting solutions in an increasingly mobile world Repatriation and reintegration Expatriate management systems Critical success factorsDr Bussin is the chairperson of 21st Century Pay Solutions, a board member, Remuneration Committee chair, and audit committee member of several large organisations. He has held Global Reward positions in several multinational organisations. Mark holds a Doctorate of Commerce and supervises MBA, Masters and PhD students doing their research and theses. He is the author of four books and over 300 popular articles.

Download or read book International Success Selecting Developing and Supporting Expatriate Managers written by Meena S. Wilson and published by Center for Creative Leadership. This book was released on 1998-08-24 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: The selection - development - support framework described in this report not only identifies the important factors to consider when working overseas but also specifies ways to develop a talent pool of effective expatriates.

Download or read book International Human Resource Management written by Anne-Wil Harzing and published by SAGE. This book was released on 2014-11-25 with total page 757 pages. Available in PDF, EPUB and Kindle. Book excerpt: "I enthusiastically endorse the fourth edition of IHRM. The editors are to be congratulated for recruiting the top-rated authors in this field to contribute to this volume. The chapters are up to date, insightful, and sometimes even provocative. Students, including post-grads and advanced undergraduates, as well as savvy practitioners, will benefit from reading this volume." Neal M. Ashkanasy, Professor of Management, The University of Queensland Anne-Wil Harzing and Ashly Pinnington’s bestselling textbook has guided thousands of students through their International Human Resource Management studies. The fourth edition retains the critical edge, academic rigour and breadth of coverage which have established this book as the most authoritative text on the market. The new edition by our international team of experts provides an even more stimulating journey through the core curriculum, contemporary debates and emerging issues in IHRM. New for the fourth edition: Reduced number of chapters to allow for greater depth and an improved structure ensuring fundamental topics underpin your knowledge Expanded coverage of Equality and Diversity, Corporate Social Responsibility and Sustainability and Cross-Cultural Management in line with developments in the field New Stop and Reflect feature provides an opportunity to test your understanding at regular intervals This text comes with access to a companion website containing web links, SAGE journal articles and more.

Download or read book Best Practices for Managers and Expatriates written by Stan Lomax and published by Wiley. This book was released on 2001-12-05 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Wealth of Practical Advice and Expert Insight on the Expatriate Experience Former human resources manager and expatriate Stan Lomax shares his considerable experience and innovative ideas on best practices for overseas assignees and their managers. He discusses common problems and answers tough questions for parties on both sides of the expatriate issue. He provides tips and advice on issues from choosing and training candidates to applying for overseas positions and getting the best compensation package possible. Expert advice on these subjects, and more, is included: Overcoming the challenges faced by managers and expatriates Furthering your professional goals through overseas assignments Becoming selected as an expatriate Training and preparing expatriate candidates Negotiating reasonable expatriate compensation and benefits packages Matching personal and professional goals with your company’s business strategy Best practices case studies Effective repatriation and sound career path planning Whether you’re an expatriate, a candidate, or a manager of expatriates, Best Practices for Managers and Expatriates provides the practical and reliable advice you need.

Download or read book Going Local written by Yvonne Bosson and published by AuthorHouse. This book was released on 2013-10-19 with total page 103 pages. Available in PDF, EPUB and Kindle. Book excerpt: Companies have long accepted the high cost of expatriate assignments as the price of doing business in the global arena. Now, companies are increasingly considering expatriate localization in response to increased pressures to trim costs within global mobility programs. Expatriate assignments cost an average of $1 million over a three-year period, so converting an expatriate to a local package can save a company hundreds of thousands of dollars, if done correctly. Localization involves changing the expatriates total compensation (including base salary, incentive compensation, risk benefits, perks, social security, and retirement plans) into one that is identical to that available to locally hired employees. This is done with the understanding that the employee does not intend to return to their home country. The benefits of localization for cost containment, peer equity, and business imperatives are evident. However, developing and implementing an effective localization policy is a challenge that most employers find too daunting to undertake alone. From handling changes in retirement benefits to salary differentials, local labor law and tax compliance, the complexities of this conversion are enormous. Now, corporate employee mobility expert Yvonne Bosson has developed a comprehensive handbook to address the issue in a way that is clear and easy to understand. This invaluable resource guides human resources professionals and relocation administrators through the multifaceted process of examining their current localization policy and identifying areas for improvement. This book is also ideal for companies just beginning to transfer employees globally. It provides an in-depth examination of the structure and components of a successful relocation and localization program along with pertinent advice on communicating policies.

Download or read book Differentiation Between Inpatriation and Expatriation written by Marleen Stein and published by GRIN Verlag. This book was released on 2011-06 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2011 in the subject Leadership and Human Resource Management - Miscellaneous, grade: 1,5, European School of Business Reutlingen, language: English, abstract: Introduction In the globalized world the competition gets aggravated and multinational companies (MNCs) seek out for new practices to stay competitive. One solution is cognitive and cultural diversity, implemented by multicultural management teams. Nevertheless a prerequisite is that international human resource management (IHRM) and the strategic goals of the organization will be linked (Harvey, Speier, Novicevic 1999b). This is necessary for the development of a distinctive competency, which constitutes a competitive advantage through diversity. Diversity prevents groupthink and facilitates a repertoire of different strategic choices, which is crucial to stay competitive. To approach this goal, MNCs avail themselves of international assignments, meaning to require an employee (manager) to work abroad for a specific purpose. The different purposes of international assignments will be examined in chapter 2.3. There are two typical forms of international assignments: expatriation and inpatriation. This paper examines the inpatriation process, concerning: - the different assignee types - the differentiation between inpatriation and expatriation - the purpose of international assignments, especially inpatriation - the advantages of inpatriation compared to expatriation and vice versa - motives, expectations and challenges of inpatriation from different points of view - preparation by the inpatriate - cultural challenges (culture shock) and coping tips - preparation, assistance/support and training for the inpatriate and factors which have to be considered This paper will conclude what factors make the inpatriation successful, and what can lead to failure. [...]

Download or read book Global Mobility and the Management of Expatriates written by Jaime Bonache and published by Cambridge University Press. This book was released on 2020-11-26 with total page 333 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive overview of the practical implications for organizations that manage international employees, and individuals who are currently or aspiring expatriates.

Download or read book What Are The Critical Success Factors In Expatriate Assignments written by Thilo Weber and published by GRIN Verlag. This book was released on 2005-02-07 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bachelor Thesis from the year 2004 in the subject Leadership and Human Resources - Miscellaneous, grade: A, Oxford Brookes University (Business and Management Studies), course: B.A. (Hons.) in Business Administration and Management, language: English, abstract: Over the past decades organisations have increased their global activities. As a consequence, the role of expatriates has also grown in significance. But, as particularly American researchers claim, expatriate failure rates are still very high. So, what needs to be done to reduce these failure rates? It is the aim of this dissertation to identify the critical success factors in expatriate assignments. In order to fulfil this aim, the various stages of the so called expatriate cycle will be examined in turn. What are the success factors in the selection, the preparation, and the adaptation phase? How important are an attractive compensation package and the career outcome? All these questions will be answered by current and former expatriates who were interviewed and asked to complete a questionnaire. [...]

Download or read book Expatriate Management written by Benjamin Bader and published by Springer. This book was released on 2016-12-14 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides state-of-the art research on expatriate management from a European perspective. Considering issues related to the different phases of expatriation and comprehensive contemporary topics of expatriate management, the chapters present a long overdue holistic approach to the field. Rather than just publishing a counterweight to the predominant North American literature, Expatriate Management includes critical analyses of each chapter written by a number of renowned North American scholars to review and contribute to the trans-Atlantic dialogue.

Download or read book Expatriate Compensation written by Roger Herod and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: How should companies plan to compensate employees transferred on international assignments that range from two to five years? Expatriate Compensation: The Balance Sheet Approach presents the fundamental issues involved in developing a compensation approach for expatriate assignments. How to consider differences between countries in the cost of goods and services, housing, income taxes, and other elements are covered in this booklet. Expatriate Compensation describes the most common system worldwide of compensating expatriates -- the home-country "balance sheet" approach. Used by 90 percent of multinational companies, this approach is designed to protect expatriates from cost differences between their home and host countries.

Download or read book Training expatriates crucial components in preparing for overseas assignments written by Norika Gölz and published by GRIN Verlag. This book was released on 2004-01-06 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research Paper (undergraduate) from the year 2003 in the subject Leadership and Human Resources - Miscellaneous, grade: 1,0 (A), University of Cooperative Education Mannheim (University of Cooperative Education), language: English, abstract: The increasing globalisation of the markets in our modern world creates more and more challenges for international companies. Through Joint Ventures, Strategic Alliances or overseas subsidiaries they penetrate and begin to compete in foreign markets. As a result of the associated challenges, companies have understood that technical knowledge alone cannot count as appropriate prerequisites for global work-placement. Intercultural skills and international management qualities are increasingly sought after for management positions. As successful expatriations are good indicators of the availability and presence of these skills, they obtain all the more on importance. Failed overseas assignments are a financial and operational risk for companies and therefore, most companies have understood the importance of preparing their expatriates and their families for the different cultures, the different living conditions as well as the different leading aspects in the new country. This paper states the crucial components in preparing employees for overseas assignments and their importance for international businesses. It explains why companies send managers abroad, what kind of skills those expatriates have to establish in order to be successful and how culture influences the private as well as the working environment.

Download or read book Global Management written by Mark E. Mendenhall and published by Wiley. This book was released on 1995-04-06 with total page 736 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global Management d is the new international management text for undergraduates, covering both strategy and the human resource function in a global context. Written by an authoritative author team, it features: * Coverage, in three main sections, of the Global Picture, the Firm Picture and the People Picture * A comprehensive list of references * Classroom-tested experiential exercises that relate to different countries, different sized organizations, and different people for flexible learning * Discussion questions at the end of each chapter * Long and short cases

Download or read book Managing Expatriates written by Brenton M Wiernik and published by Verlag Barbara Budrich. This book was released on 2017-12-18 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume provides in-depth examinations of a variety of individual, social, and environmental factors that contribute to the success of expatriate employees. Using data from numerous large-scale studies from both the public and private sectors, this volume provides valuable insights into expatriate success with implications for both theoretical understanding and practical management. The authors explore factors that influence employees to pursue expatriation, contribute to expatriate adjustment and satisfaction, and ultimately drive expatriate performance, well-being, and success. The chapters in this book consider the role of sociodemographic characteristics, personality and individual differences, training and preparation, and social and organizational support in contributing to each of these outcomes. Using findings from diverse countries and sectors and data-focused analytic techniques, this volume provides novel insights into factors promoting expatriate success.