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 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 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 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 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 International Expatriate Employment Handbook written by Andrius R. Kontrimas and published by Kluwer Law International B.V.. This book was released on 2006-01-01 with total page 718 pages. Available in PDF, EPUB and Kindle. Book excerpt: More and more multinational companies are deploying key employees around the globe to serve the increasing international business needs of the multinational, its global markets, and its customers. The ability to relocate employees quickly from one location to another, and the ability of those employees to quickly focus on the business objectives of the company once they are relocated, can often determine the success of a new regional operation or an entire global strategy. It is crucial for employers to avoid unexpected barriers or difficulties in the form of employment-related issues. This enormously valuable handbook is the ideal solution to such problems, both in the anticipation and in the event. With 32 chapters each written by local experts, it provides a practical, country-by-country guide to employee relocation issues among the world?s most active or fast-developing economies. Each chapter offers a handy reference to relevant issues under each particular country?s laws regarding employment status, compensation and benefits, related tax issues, and more. With its reliable guidance, both employers and employees can proceed confidently with their cross-border plans and commitments. The writers of each chapter answer important questions on a wide range of employment issues. Among the many relevant matters covered?in the same order in each chapter, for easy cross-reference?are the following: types of employment visas and related qualification requirements; expenses and time frame for obtaining visas; income taxation of foreign nationals; employer?s tax withholding requirements; filing and reporting requirements; eligibility for employee or retirement benefits; continuation of home country benefits; wealth, capital, estate or death taxes; taxable presence of foreign corporate employers; vicarious liability for acts of employees; privacy laws relating to employees; employment termination provisions under local law; enforceability of non-competition and non-solicitation agreements; and protection of confidential or trade secret information. The Handbook has been meticulously produced under the auspices of member firms of the World Law Group, a leading network of 48 independent law firms located in most of the world?s major commercial centers. A peerless source of information and guidance to employers in expatriate relocation planning, it will greatly help to foresee potential pitfalls and benefit from local advantages, so both employers and expatriate employees will be free to concentrate on the business goals at hand.
Download or read book Compensation in Multinational Companies Models and Objectives written by Francesca Müller and published by GRIN Verlag. This book was released on 2020-08-07 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2020 in the subject Business economics - Operations Research, grade: 1,3, Heilbronn University, language: English, abstract: In this paper, the first part focuses on the importance of a compensation system and its objectives for multinational companies. In the further course of the paper, various compensation models are presented and examined for their strengths and weaknesses. In a further chapter, various principles for the design of a company's compensation policy are described. In the last point of this paper the author will give a conclusion. National borders have become less important in recent years in many ways. Companies are organizing their economic activities increasingly away from national borders. Due to this development towards a global economy, large corporations as well as more and more medium-sized companies are forced to become active worldwide. During globalization, it has been clearly observed in recent decades that requirements for global compensation of employees are changing significantly. Multinational companies increasingly must make changes in their compensation policies that initially do not match the culture and tradition of their country. A high degree of flexibility is necessary here in order to achieve positive development. Culture is a strong driver for the relationship between basic salary, variable compensation, benefits, and other fringe benefits. As a result of these developments, the tasks of personnel management in multinational companies are becoming more and more diverse and the adjustments to internationalization more and more important. Among the tasks of personnel management, compensation is of importance. The regulations in the national context are very different from those at international level. In the absence of legal and collective agreement regulations, multinational companies must be able to comply with different country-specific regulations while establishing and maintaining a consistent, strategic pattern of compensation policies and practices. HR managers must have specialist knowledge that extends far beyond the national level.
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 2011-03-21 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bachelor Thesis from the year 2004 in the subject Business economics - Personnel and Organisation, grade: A, Oxford Brookes University (Business and Management Studies), course: B.A. (Hons.) in Business Administration and Management, 28 entries in the bibliography, 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 Managing Performance Abroad written by Arno Haslberger and published by Routledge. This book was released on 2014-08-01 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a global economy full of multinational firms, international human resource management (including expatriation, career management, and talent management) is a growing topic in the business and management literature and in universities. A thorough understanding of the adjustment of expatriates to their new environment is critical not only for selection and preparation of potential expatriates, but also for the management of expatriate performance. Managed well, expatriates can be key contributors to organizational success while abroad and even after repatriation. Poor understanding and management of expatriate issues, on the other hand, may lead to underperformance and increased turnover of expatriates and repatriates. Managing Performance Abroad summarizes and extends what is known about the topic of expatriate management and adjustment, covering all the major authors and presenting a new approach to the adjustment process. At present, expatriate adjustment is only covered as a chapter in books on international HRM and HRD. Much of this literature relies on outdated concepts and evidence. Furthermore, most business research and management publications use an expatriate adjustment model that was originally published about two decades ago. This book is the first dedicated solely to the subject of expatriate adjustment, enabling readers to formulate research questions and hypotheses and to develop expatriation policies and support systems that optimize the performance of expatriates. It presents a re-formulation of the model underlying management research about expatriate adjustment, providing guidance for researchers and practitioners alike.
Download or read book The Expatriate Dilemma written by Stan W. Frith and published by . This book was released on 1981 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Expatriation A critical review of the literature on expatriates written by Audrey Noumazalayi Ilounga and published by GRIN Verlag. This book was released on 2016-09-29 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2016 in the subject Politics - Topic: Globalization, Political Economics, Tongji University, language: English, abstract: Female expatriation is a studied but still quite undertapped question for academics to explore. If expatriation in general has generated a lot of literature with various approaches, female expatriation still revolves around one traditional theme. Based on the realisation that the number of female expatriates is quite lower than the one of their male counterparts, academics focused on analysing the barriers that would prevent more women to initiate expatriation. Many studies then explored the potential solutions to identify and overcome successfully such obstacles. This type of approach underlines the dynamics and influences prior to departure.
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 Expatriate Compensation Strategies written by Roger Herod and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today's multinational companies face far more complex mobility issues than compared with the past. Some are even trying to develop policies to accommodate more than 100 nationalities being relocated on a wide variety of assignment types--global, regional, short-term, developmental, and permanent. Deciding on the types of compensation policies to implement, as well as how to communicate and administer them, has become a major strategic and logistical challenge for many companies. What may work for the assignment of a few expatriates who originate from one home country may not be appropriate for the organization that begins to assign individuals--in various assignment categories--from several home countries. Expatriate Compensation Strategies explains and distinguishes the main alternative approaches to pay packages.
Download or read book Compensating GLobally Mobile Employees written by Calvin Reynolds and published by Worldatwork. This book was released on 2009-09 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: When an organization decides to 'go global', one of the first human resources challenges it faces is how to select and compensate the first employee it sends abroad from headquartersOCoi.e., the first expatriate. At this point in its development into a global corporation, an organization will begin to make decisions that affect the future configuration of its expatriate compensation programs, not to mention the success of the entire globalization process. This booklet will help employers answer some key questions such as whether to conduct or purchase a survey of corporate practices, hire a consultant, follow the competition, be creative in designing pay strategies, negotiate with each expatriate candidate or simply pay the second expatriate the way the first one was paid, and so on. Author Calvin Reynolds delivers approaches to developing expatriate pay strategies for the evolving multinational corporation."
Download or read book Managing Expatriates written by Yvonne McNulty and published by Business Expert Press. This book was released on 2013-07-10 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: Expatriation is a big topic, and is getting bigger. Over 200 million people worldwide now live and work in a country other than their country of origin. Tens of billions of dollars are spent annually by organizations that move expatriates around the world. Yet, despite the substantial costs involved, expatriation frequently results in an unsatisfactory return on investment (ROI), with little or no knowledge as to how to improve it. Why is this so? Drawing on more than a decade of expertise, research, and publications in top journals, the authors provide you real solutions to achieve more than a satisfactory ROI from expatriates—with rule number one being: Understand expatriates themselves. This book provides a practical “insider’s” guide that reveals why expatriates seek and accept international assignments; how they feel impacted by new forms of remuneration and other working conditions; how international assignments fit in with their longer-term career aspirations; and what complications arise in terms of their families. Whether you’re a manager or consultant, inside you’ll learn what modern-day global mobility is like (based on the authors’ decade-long study with nearly four hundred expatriates and their managers, as well as over a hundred who were interviewed personally), how it is changing, and why now, more than ever, a hard-nosed ROI approach is necessary.
