Compensation - Compensation Complexity of compensation...

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01/19/12 MGT 4174 1 Compensation Complexity of compensation Objectives of compensation Components of compensation Two main approaches to compensation Two main approaches to taxation Other issues Recruitment & Selection Recruitment & Selection Training & Development Training & Development Performance Management & Compensation Performance Management & Compensation Reentry & Career Issues Reentry & Career Issues
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01/19/12 MGT 4174 2 Complexity of Compensation MNCs must Manage complex and dynamic details associated with compensation at local level Maintain fair and consistent polices for compensating expats, HCNs and TCNs worldwide Important because of high cost of training and compensating international employees . . . and the high cost of failure.
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01/19/12 MGT 4174 3 Complexity of Compensation Requires knowledge of Local or regional employment laws Local or regional practices and customs Local or regional tax laws Impact of currency fluctuations and inflation Special allowances that may be required, etc.
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