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INTERNATIONAL REMUNERATION (Factors (Legislation, Technologies, Culture…
INTERNATIONAL REMUNERATION
Objective
Attract, retain and encourage
Maintain fairness
Give financial protection
Exhibit the company’s ability to pay
Improve organisational performance
Reduce employees’ grievances
Assist integration to host country
Maintain competitive
Definition
payment or compensation received for services or employment.
Types
Direct
Hourly
Commission
Salary
Bonuses
Indirect
Incentives
Equity Based Program
Benefits
Approach
Local
Contemporary
Traditional
Factors
Legislation
Technologies
Culture and Religious Factors
Government Control & Regional Practices