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International Remuneration (Factors Influencing (Political, Economic,…
International Remuneration
Definition
internal rate of return including base salary, benefits and incentives that valued by employees in accordance with their relative contributions to performance towards achieving the desired goal of an organization
Components
Base Salary and Incentive Pay
Pay
Incentive Pay
Use of Long Term Benefits
Allowances
Cost of Living
Housing Allowance
Home Leave Allowance
Educational Allowance
Miscellaneous Allowance
Relocation Allowance
Hardship Premium
Taxes
Taxation
Tax Equalisation
Tax Protection
Retirement Benefits
Gratuity
Pension
Social Security Measures
Approaches
Home-Based Approach
Host-Based Approach
Global Market Approach
Factors Influencing
Political
Economic
Social
Technological
Environmental
Legal
Cultural