Description
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?
Each answer minimum 600 words total 1200 words, APA format, reference for both answers required
Explanation & Answer
Attached.
Running head: HUMAN RESOURCES MANAGEMENT
Human Resources Management
Student’s Name
Institutional Affiliation
Date
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HUMAN RESOURCES MANAGEMENT
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Compensation Packages
Compensation packages differ based on several factors and the organizational policies.
As the company's new human resource manager, I would evaluate the different compensation
packages for employees who are located throughout the world based on three factors: culture,
taxation burdens, and working conditions. This is because these three factors vary significantly
in different countries and therefore have to be considered for employees working in different
countries. It would be unjust to assume that the various countries share similar work
environments, culture, or taxation policies because differences exist (Law, 2016). The
differences not only influence the productivity of employees but also influence even the rewards
they receive. For instance, an employee working in a particular country may experience more
hardships than one working in another and hence deserves to be motivated through a better
compensation package. What follows is an analysis of how these factors influence the evaluation
process.
Culture varies in different countries in that employees working in the USA, for instance,
have a different culture to those working in China. The difference in culture influences how
employees view the employee relationships with the company and therefore, how they view the
distribution of rewards through compensation. Furthermore, research conducted on culture and
work relationships indicates that cultural differences affect how employees’ attitudes towards
compensation. Culture also affects how work cultures are created, which influences performance.
For this reason, culture has to be put into consideration when evalua...
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