Discussion questions (2) | Business & Finance homework help

Question one: Expatriate Pay

Don't use plagiarized sources. Get Your Custom Essay on
Discussion questions (2) | Business & Finance homework help
Just from $13/Page
Order Essay

Evaluate the following methods for establishing base pay in international assignments:  home country-based pay, headquarters-based pay, and host country-based pay.  Include within your discussion the strengths and weaknesses of each method and factors that should be considered when determining the appropriate international pay strategy.  How should organizations balance host-country income tax differentials?  How do compensation plans affect employees’ willingness to accept foreign assignments? Respond to at least two of your fellow students’ postings.

Question two: Compensation in Other Countries

Select one country whose pay and benefits practices are discussed in chapter 15 and compare them to pay and benefits practices used in the United States.  Include in your discussion how these practices are similar and how they are different.  Respond to at least two of your fellow students’ postings.

In Week 6, we will evaluate expatriate compensation packages as well as compare and contrast compensation benefits in different countries. In prior weeks of this course, we focused solely on the issues of compensation and benefits in the U.S. This week the discussion will turn to topics on a global scale and we will examine compensation strategies for U.S. workers working for U.S. companies abroad and the compensation practices of other countries. 

The increase of globalization and the increase of multi-national organizations over the last several decades require compensation managers to have some knowledge of compensating employees outside of the U.S. (Martocchio, 2017). U.S. organizations operate in other countries including Asia and Mexico for several reasons. However, one significant reason is that the labor force is paid substantially less than compared to U.S. employees U.S. (Martocchio, 2017). Additionally, labor unions generally do not have much bargaining power in developing Asian countries or in Mexico, because the governments possess extensive control over workplace affairs, however some countries do have mandates on salary increases due to unionization  

An expatriate is an employee who lives in foreign country for a set time to work for a specific organization. However, the organizations need to make the time abroad for the employee worth it for the employee consider the position. Therefore, expatriate employee packages come in many variations. What is included in any package will depend on several factors and there are a few main types of expatriate packages. The three (3) basic expatriate compensation packages are categorized as a full expat package, expat lite package, and local hire (Hall, 2015). Typically, the full expat package is available to employees with highly specialized skills in their field and will often include many benefits ensuring a comfortable life style in most any country (Hall, 2015). A full expat package normally consisted of generous allowances for relocation, housing, vehicle, education, home travel as well as other benefits. An expat lite package will consist of a subset of benefits offered under the full expat package such as relocation but the allowances will not be as generous. The local hire offers no benefits other than what a “local national employee in the host country would receive.” (Hall, 2015). The individual will pay all expenses to the host country, all housing costs and arrange for their own work and residence permits (Hall, 2015).

There are legal, cultural, and economic issues that HR professional need to be concerned with when sending or hiring employees abroad. Organizations need to know the law in the foreign county when it comes to labor laws, such as working conditions, hours, etc. However, the organizations also need to be knowledgeable about the compensation and benefits law of the foreign country. There are pay differences between countries and the organization needs to be aware of these differences and adjust the pay offer to the employee as needed. 

Please review the Global Staffing (Links to an external site.) video which will provide an overview of global staffing including with expatriates, host-country nationals, and third-country nationals. It will also discuss how each staffing option presents some unique HR management challenges.

References

Gregg Learning. (2018). Global staffing (Links to an external site.) [Video file]. Retrieved from https://www.youtube.com/watch?v=11irCzsdip4

Hall, B. (2105). What to expect in your expat compensation package (Links to an external site.). Retrieved from https://www.bluesteps.com/blog/expat-compensation-package

Martocchio, J. (2017). Strategic compensation: A human resource management approach (9th ed.). New York, New York: Pearson.

Grab 16% Discount On This Paper
Pages (550 words)
Approximate price: -

Why Choose Us

Quality Papers

We value our clients. For this reason, we ensure that each paper is written carefully as per the instructions provided by the client. Our editing team also checks all the papers to ensure that they have been completed as per the expectations.

Professional Academic Writers

Over the years, MyEssay.Help has managed to secure the most qualified, reliable and experienced team of writers. The company has also ensured continued training and development of the team members to ensure that it keep up with the rising Academic Trends.

Affordable Prices

Our prices are fairly priced in such a way that ensures affordability. Additionally, you can get a free price quotation by clicking on the "Place Order" button.

On-Time delivery

We pay strict attention on deadlines. For this reason, we ensure that all papers are submitted earlier, even before the deadline indicated by the customer. For this reason, the client can go through the work and review everything.

100% Originality

At MyEssay.help, all papers are plagiarism-free as they are written from scratch. We have taken strict measures to ensure that there is no similarity on all papers and that citations are included as per the standards set.

Customer Support 24/7

Our support team is readily available to provide any guidance/help on our platform at any time of the day/night. Feel free to contact us via the Chat window or support email: support@myessay.help.

Try it now!

Grab 16% Discount On This Paper

We'll send you the first draft for approval by at
Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

MyEssay.help has stood as the world’s leading custom essay writing services providers. Once you enter all the details in the order form under the place order button, the rest is up to us.

Essays

Essay Writing Services

At MyEssay.help, we prioritize on all aspects that bring about a good grade such as impeccable grammar, proper structure, zero-plagiarism and conformance to guidelines. Our experienced team of writers will help you completed your essays and other assignments.

Admissions

Admission and Business Papers

Be assured that you’ll definitely get accepted to the Master’s level program at any university once you enter all the details in the order form. We won’t leave you here; we will also help you secure a good position in your aspired workplace by creating an outstanding resume or portfolio once you place an order.

Editing

Editing and Proofreading

Our skilled editing and writing team will help you restructure you paper, paraphrase, correct grammar and replace plagiarized sections on your paper just on time. The service is geared toward eliminating any mistakes and rather enhancing better quality.

Coursework

Technical papers

We have writers in almost all fields including the most technical fields. You don’t have to worry about the complexity of your paper. Simply enter as much details as possible in the place order section.

                                                                                     Place Order