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 Selected Challenges of Expatriates Management in Multinational Companies written by Mirian Seitz and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 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 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 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 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 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 Expatriate Management written by Benjamin Bader and published by Springer. This book was released on 2016-12-14 with total page 378 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 International Success written by Meena S. Wilson and published by . This book was released on 1998-08-24 with total page 66 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 The Routledge Companion to International Human Resource Management written by David Collings and published by Routledge. This book was released on 2014-11-13 with total page 615 pages. Available in PDF, EPUB and Kindle. Book excerpt: International human resource management (IHRM) is a key area of research in the sphere of international business and management. Described as a field in its infancy in the 1980s, IHRM has quickly advanced through adolescence and into maturity. Today, it is a vibrant and diverse discipline which boasts a large and active body of researchers across the globe. This volume examines cutting-edge themes, with the input of contributions from both established and emerging scholars. The Routledge Companion to International Human Resource Management gives a state-of-the-art overview of the key themes, topics and debates in the discipline, with valuable insights into directions for future research. Drawing on a large and respected international contributor base and with its focus on mature and emerging markets, this book is an essential resource for researchers, students and IHRM professionals alike.
Download or read book Global Business written by Daniel Johannes Venter and published by Oxford University Press, USA. This book was released on 2007 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to increase the understanding of global business issues and helps to develop a global business mindset for managers of small, medium and large companies.
Download or read book Global Talent Management written by Hugh Scullion and published by Routledge. This book was released on 2011-04-27 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book draws on recent theoretical contributions in the area of global talent management and presents an up to date and critical review of the key issues which MNEs face. Beyond exploring some key overarching issues in global talent management the book discuses the key emerging issue around global talent management in key economies such as China, India, the Middle East and Eastern Europe. In contrast to many of the currently available texts in the area of global talent management which are descriptive and lacking theoretical rigor, this text emphasizes the critical understanding of global talent management in an organizational context. Drawing on contributions from the leading figures in the field, it will aid students, practitioners and researchers alike in gaining a well grounded and critical overview of the key issues surrounding global talent management from a theoretical and practical perspective.
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 International Human Resource Management written by Hilary Harris and published by CIPD Publishing. This book was released on 2003 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: Offers a thematic approach to International Human Resource Management with comprehensive coverage of the subject. This text is intended for various undergraduates or postgraduates module in this area, or for the CIPD module in International Personnel and Development.
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.
