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CHAPTER 16 INTERNATIONAL PAY (COMPARING SYSTEM (External Competitiveness,…
CHAPTER 16 INTERNATIONAL PAY
COMPARING SYSTEM
External Competitiveness
Internal Alignment
Management
Objective of pay system
Employee Contribution
THE GLOBAL CONTEXT
Trade union & Ee involvement
Ownership & Financial Market
Culture
Social contract
Managerial autonomy
EXPATRIATE PAY
Expatriate are Ee temporarily working & living in foreign country
Third-country nationals (TCNs)
Local country nationals (LCNs)
Parent-country nationals (PCNs)
Elements of expatriate compensation
Taxes
Allowances & Premium
Salary
STRATEGIC MARKET MIND-SET
Exporter
Gloablizer
Localizer