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International Remuneration (Objectives (Attract employees who are…
International Remuneration
Definition
Refers to all forms of financial returns and tangible benefits that all employees working at overseas locations receive from their employer in exchange for providing their labor and commitment
Objectives
Attract employees who are qualified
and interested in international assignments.
Facilitate the movement of expatriates
from one subsidiary to another
Provide a consistent and reasonable
relationship between the pay levels of
employees at headquarters and foreign
subsidiaries
Reduce unnecessary expenses
Types of Approaches
Traditional Approach/Home-Based
Approach (Balance Sheet Approach)
Local Approach/ host-based approach
(Going rate approach)
Global market approach/Contemporary Approach
Factors affecting the
design of IR
Culture & Religion
Government Control/
Regional Practices
Politics and Trends
Unions
Taxation
Economic Trends
Legislation
Technology