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international pay systems (16) (variation in international pay practices…
international pay systems (16)
variation in international pay practices
trade unions
ownership & financial markets
cultures
managers' autonomy
social contracts
strategic market mind-set
exporter: headquarters knows best
design at headquarters and is "exported" worldwide for implementation all locations
globalizer: think and act globally and locally
headquarters & operating units are heavily networked to shared ideas & knowledge
localizer: think global, act local
design to be consistent with local conditions
expatriate pay
the balance sheet approach
expatriate system -> objecitves
elements of expatriate compensation
common allowance in expatriate pay package
family support
child care provided
assistance locating schools for children
language training
social adjustment assistance
emergency leave
home leave
company car
financial allowance
housing differential
good&service differential
currency protection