Question Description
I need an explanation for this Management question to help me study.
1. Congratulations! You have recently been promoted and are the company’s new Human Resources Manager! You have offices in several countries, so how would you evaluate different compensation packages for employees who are located throughout the world?
2. What are some key performance indicators that are used by organizations in which you have been employed? How did managers explain the importance of these KPIs, and were any rewards tied to them?
Explanation & Answer
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Running Head: COMPENSATION AND BENEFITS
Compensation And Benefits
Name
Institutional Affiliation
1
COMPENSATION AND BENEFITS
2
Compensation and benefits
It is clear that different countries in the world have diverse regulations, cost structure, as
well as price increases in the economy. This is the reason that human resource managers are
required to have strategic approaches when offering and evaluating payment methods for
employees in diverse countries. The home-based approach is whereby employees are compensated
according to the compensation plans of the countries they work in. the cost differential of the
countries where one is working is taken into ...
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