Ch7 - International Human Resource Management Managing...

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International Human Resource Management Managing people in a multinational context
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v IHRM Chapter 7 2 In this chapter we: Examine the complexities that arise when firms move from compensation at the domestic level to compensation in an international context. Detail the key components of an international compensation program. Outline the two main approaches to international compensation and the advantages and disadvantages of each approach. Examine the special problem areas of taxation, valid international living cost data and the problem of managing TCN compensation. Examine recent developments and global compensation issues. Chapter Objectives
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v Terms 3 IHRM Chapter 7 HRIS repatriation base salary benefits Tax equalization Tax protection global corporate culture International base pay going rate approach balance sheet approach allowances: COLA housing home leave education relocation spouse assistance
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Issues when considering benefits 4 IHRM Chapter 7 1. Whether or not to maintain expatriates in home-country programs, particularly if the firm does not receive a tax deduction for it. 2. Whether firms have the option of enrolling expatriates in host-country benefit programs and/or making up any difference in coverage. 3.
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This note was uploaded on 01/25/2012 for the course ECON 102 taught by Professor Jones during the Spring '11 term at UVA.

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Ch7 - International Human Resource Management Managing...

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