37:533:315 Lecture Notes - Lecture 11: Exchange Rate, Balance Sheet, Restricted Stock
Document Summary
Deals with the complex compensation & benefits structure of the mne in various locations/subsidiaries around the world international assignment compensation. Deals with compensation and benefits of globally mobile employees as short term international assignees or longterm expatriates. Overall c&b philosophy of how an mne pays its employees (a common set of principles on which the organization bases its reward system) international remuneration. Determining peer equivalencies for jobs in the various countries and subsidiaries. Influence how people perceive the value of various rewards available in the compensation system. The balance of salary versus benefits costs differs by country as a result of cultural practices, labor relations, and local laws and regulations: tax laws differ tremendously across nations, sunshine rules. Whether or not employees salary information is confidential or disclosed is generally dictated by local cultural practice and law. Labor relations, collective bargaining, and employee representation. Labor unions influence job security, compensation, benefits and entitlements.