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International Remuneration (Factors/International issues/ factors that…
International Remuneration
Approaches
Local Approach
(Create separate multiple systems with local mgt for overseas operations)
Contemporary Approach
(Devise an integrated strategy)
Traditional Approach
(Impose home country system on overseas operations)
Factors/International issues/ factors that affect the Design of International Remuneration
Legislation
Laws/ Acts
Technology
Sophistication & use of technology systems
Support in and out of Home Country is different
Government controls/ regional practices
Taxation
Economic history & trends
Politics & Trends
Unions (Eg: Trade union, National Trade Agreement, Regional union such as EU
Culture/ Religious
Social customs
Gender issues
Values
Definition
Includes total rewards for foreign employees and people working at overseas locations.