7-1 Final Project Submission

Module Seven, Compensation Issues Around the World, Part II (Pay and Benefits Ou.html

Learning Objectives

By the end of this module, you will be able to:

• Explain the differences between pay and benefits in the United States and in countries around the world
• Explain the total costs of hourly compensation in manufacturing settings around the world
• List the countries that impose minimum wage rates
• Summarize the paid time off benefits in at least two countries
• Briefly summarize the protection benefits such as retirement, health care, and social security in at least two countries

Reading and Resources

MyManagementLab Resources

Access this resource by going to the MyManagementLab area under the course Table of Contents menu.

Review the following resource:

• eText: Strategic Compensation: A Human Resource Management Approach, Chapter 14

It is highly recommended that you review all module resources, including simulations and videos. These will assist you in completing graded assignments throughout this course.

PDF: Fixing Minimum Wage Levels in Developing Countries: Common Failures and Remedies “The article compares minimum wages worldwide and proposes several ways of measuring them in developing countries and discusses whether they are effective thresholds in those countries. The second part of the article considers the institutional factors leading countries to set minimum wages at extreme levels.”

PDF: Culture, Infrastructure and International Health Benefits Delivery “This article examines some scenarios and cultural anomalies that invalidate commonly accepted domestic health insurance practices. It explores strategies for simplifying benefit design, providing access to quality care abroad, assessing costs, minimizing overseas risks and understanding the cultural impact on health care delivery.”

Optional Resources

Video: Chapter 14: Just Born Access this resource by going to the MyManagementLab area under the course Table of Contents menu.