Wage rates in the United States are higher than similarly skilled workers in other countries such as China, Mexico and India. Consequently, many U.S. businesses have outsourced their manufacturing and production needs to take advantage of these lower wage rates. Discuss how, working collaboratively, the federal government and U.S. businesses can modify employee compensation packages to become more globally competitive.
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The federal government and the U.S. Business collaborating together can modify employee compensation packages by strategizing alignments whereby they adapt compensation systems to the global institutional context in order to support and improve the business aims and goals. As if not enough adapting the cultural organizational context allowing the compensation systems to get adjusted to the local contexts with in which the global firm is working. By striking that balance compensation can become a key factor in the compensation packages leading to it becoming more globally competitive.
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Aug 7th, 2015
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