3 expatriate compensation a balance sheet approach

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3. Expatriate Compensationa. Balance Sheet Approach – Keeping an employee on the home country’s salary structure and also providing additional allowancesb. An increasing number of countries now split expatriate compensation between the home and current country of residence currencies4. Executive Pay – A number of major corporations throughout the world have recently frozen top executive salaries for the immediate future because pay disparities were far greater in some countries than othersF. International Trade, Labor Relations, & HRM1. United Nations International Labor Organization (ILO) – Developed minimal labor standards:a. prohibitions against slave or forced laborb. restrictions on the use of child laborc. certain basic job safety protectionsd. the right of workers to form labor unions2. North American Agreement on Labor Cooperation (NAALC) – Parties in any of the NAFTA countries can approach the labor department in their own country and file a formal complaint about labor standards in another NAFTA country--(REPEATED) Worker’s Rights:(1). freedom of assocation(2). form labor unions(3). engage in collective bargaining3. Labor Union – A formal organization representing a group or groups of employees whose primary goal is to engage in negotiations with employers to attempt to reach collective bargaining agreements
4. Comparative Labor Relations--In Canada, as discussed earlier, labor relations primarily are regulated not by the national government, but rather by provincial governments such as the Province of Ontario. In contrast, inthe United States, nearly all private sector labor relations activities are regulated by the federal government—specifically by the National Labor Relations Board (NLRB)--In Sweden, union membership and collective bargaining participation rates are over 80 percent,compared to less than 10 percent for private-sector workers in the United States..

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