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Unfamiliar Labor Market

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Consider what combination of resources you would like for effective decision-making within your company if you are to be an international human resource function.

Assume you are representing a multinational company known for being a leader in the industry. Prepare a report that selects a team of advisors for your compensation and benefits policy team. Explain why you choose this combination and what information you specifically want from each member. Be sure to analyze how you expect your company to retain its position as the premiere employer wherever it may operate in the world. I need assistance with the following questions.

1-Report your selection of a team of advisors for compensation and benefits team.
2-Explain why the combination of the team of advisors was made.
3-Explain what information is wanted from each advisor.
4-Explain how your company can retain its position as a premier employer wherever it operates in the world.

International HR Consultants with helpful surveys:

http://www.buckconsultants.com/buckconsultants/
http://www.haygroup.com/ww/Index.aspx
http://www.mercer.com/home
http://www.towerswatson.com/

International Professional HR Organizations:

American Society for Training and Development.
http://www.astd.org/
Human Resources Planning Society.
http://www.hrps.org/?
Society for Human Resource Management. http://www.shrm.org/Pages/default.aspx

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The response addresses the queries posted in 466 words with references.
// In this paper, I have talked about a team of advisors to a global multinational organization mentioning each of the team member. This team advises to the company in terms of company's compensation and benefits policy. The reason behind why this particular team is selected and their role in the organization is also discussed.//

Getting the Best Advice in an Unfamiliar Labor Market

Name of the organization: HRPS

Selection of team of advisors for compensation and benefits team

The team will consists of the following members based on their experience and skills, as they can do well in advising on compensation and benefits:

? Mr. Stephanie McDonald: President, Human Resource,

? ...

Solution Summary

The response addresses the queries posted in 466 words with references.

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Getting the Best Advice in an Unfamiliar Labor Market (4-1)

Introduction

Often in business it is more about asking the right questions than having the right answers. As any human resource director knows, your network of resources is vital for successful analyzing of policy issues and recommending positions to management. Nowhere is this more apparent than in global human resource management. As quickly as markets and economies change, so too will policy have to be adapted for those changes.

In this assignment, you will decide what kind of information is important to have and who you want to advise you on it. Just like the regulatory environment, the specialist holds the most current information and unless you are a large conglomerate, you probably will not choose to have that expertise in house. The cost does not make sense for most companies.

Currently, there are a number of excellent consultants specializing in human resource global strategy who provide well-recognized surveys. Many of the surveys are quite expensive but contain rich data. Far more economical will be the professional human resource organizations that will collect information for their membership. And, then there are always the popular management books.

Directions for assignment:

Consider what combination of resources you would like for effective decision making within your company if you are to be an international human resource function. Ask yourself two questions:

â?¢ Who will be on your advisory board for getting the pulse of the local country policies and practices for compensation and benefits?

â?¢ Why is an advisory board important in assisting the operations of a multi- national corporation.

â?¢ What kind of information would you want to know for developing a total compensation strategy that includes benefits and incentive plans?

Assume you are representing a multinational company known for being a leader in the industry. In this assignment:

â?¢ Prepare a report that selects a team of advisors for your compensation and benefits policy team.

â?¢ Explain why you choose this combination and what information you specifically want from each member.

â?¢ Analyze how you expect your company to retain its position as the premiere employer wherever it may operate in the world.

â?¢ You may want to review the Web sites of some of the larger human resource consultants, as well as professional organizations to determine which ones might be good for your needs.

International HR Consultants with helpful surveys:
â?¢ Buck Consultants.
http://www.buckconsultants.com/buckconsultants/

â?¢ Hay Group.
http://www.haygroup.com/ww/Index_NoFlash.aspx

â?¢ Mercer Human Resource Consulting.
http://www.mercer.com/home
â?¢ Watson Wyatt.
www.towerswatson.com

International Professional HR Organizations:
â?¢ American Society for Training and Development.
http://www.astd.org/

â?¢ Human Resources Planning Society.
http://www.hrps.org/

â?¢ Society for Human Resource Management.
http://www.shrm.org/Pages/default.aspx

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