I’m studying for my Management class and don’t understand how to answer this. Can you help me study?
Compensation may be the most important aspect of one’s employment, and this remains so whether you are a domestic or international employee. However, in compensation we know that “one size does not fit all” and compensation must be tailored to each person and assignment. This becomes even more important when addressing global compensation. With that as a background, complete the following:
- Discuss how an organization’s compensation philosophy and strategy may differ between its domestic employees and its international employees.
- Choose two forms of salary or benefits (for instance, vacation, incentives, workers compensation, knowledge-based pay, sick leave, etc.) that may be offered to United States employees and not foreign employees. Should an organization offer these benefits to the international employees, especially when part of the reason an organization seeks to expand overseas is to take advantage of the lower employee costs? Explain your rationale.
- Finally, assess how human resources justifies and communicates to its employees the fairness of an organization offering U.S.-based employees better benefits than those serving internationally.
Your paper should be 3-4 pages in length and conform to CSU-Global Guide to Writing and APA (Links to an external site.). Include at least two scholarly references in addition to the course textbook. The CSU-Global Library (Links to an external site.) is a good place to find these references.