How do you analyze special considerations in global pay systems?
Can you please describe how the following, Compensation Parity, Expatriate Employees, Host Country Employees, Third Country Employees, Geographical Pay Differentials, and Compensation for Repatriated Employees will impact global pay systems.
Please be detailed and give examples. If utilizing references, please list them.
Compensation parity means that the level of compensation is appropriate and correct market price is paid. For example a firm may try to achieve compensation parity for employees with comparable organizations in order to attract better and qualified workforce.
Expatriate employee is a temporary or permanent employee who is a resident of another country. Host country employee is an employee who is working in his/her country. Third Country Employees are the employees who are working for a foreign firm, but working in a ...
The 306 word solution carefully responds to each part of the question and references the answers.