Administrative-cum-Accounts Officer & Head of Office, Sardar Swaran Singh National Institute of Renewable Energy, Wadala Kalan, Kapurthala, Punjab, India
Online published on 6 January, 2014.
International managers must manage more activities from a broader perspective; be more involved in the lives of their far-flung employees; balance the needs, control exposure to financial and political risks and be increasingly aware of and responsive to host-country and regional influences. All of these issues and concerns are brought out in a discussion of compensation issues. In this research we examine the complexities that arise when firms move from compensation at the domestic level to compensation in an International context; Detail the key components of an international compensation program; Outline the two main approaches to international compensation and the advantages and disadvantages of each approach. Examine the special problem areas of taxation, valid international living cost data and the problem of managing compensation; examine the recent developments and global compensation issues.
