For Phyllis Young only.Answer the Question as Described. It is due in 20 hours.

Week Overview

 Welcome to Week 6 of BUS681 – Compensation & Benefits.  Up until this week, we focused on the total compensation strategies, plans, and systems for U.S. employees working in the U.S.  The increase of globalization and the increase of multi-national organizations over the last several decades require compensation managers to have some knowledge of compensating employees outside of the U.S. (Martocchio, 2011).  This week we examine compensation strategies for U.S. workers working for U.S. companies abroad (i.e., expatriates) and the compensation practices of other countries.   Although international human resources and compensation can comprise an academic course in their own right, Chapters 13 and 14 (Martocchio) provide students with an overview of these subjects.

 In Chapter 13 (Martocchio, 2011), students review the dynamics of expatriate compensation including the competitive advantages of having an international presence, factors compensation managers must consider in determining expatriation and compensation strategies, the components of international compensation programs, and practical and financial challenges and implications of setting expatriate pay.  Expatriate compensation plans include more than base pay and employee benefits.  These plans also consider the hardship of relocation the employee and his or her families, premiums and incentives, cost of living considerations, and tax liabilities, among other factors.

 In Chapter 14 (Martocchio, 2011), students review the pay practices of different countries on different continents throughout the world.  A number of dynamics affect compensation philosophy and influence pay practices that are similar and dissimilar to the philosophies and practices in the U.S.  Students evaluate these similarities and differences relative to compensation of employees in the U.S.

 This week’s assignments are designed to help you understand the strategies used to compensate U.S. employees working in international assignments, as well as the compensation practices of other countries (Martocchio, 2011).  The first discussion requires you to examine and discuss the strategies companies use to compensate expatriates working on international assignments.  In the second discussion, you will examine the compensation practices of another country, and compare and contrast the practices to compensation practices in the U.S.  The final assignment requires you to write a comprehensive research paper focusing on the compensation challenges faced by an existing organization and making sound and informed recommendations on how to improve the organization’s current pay systems integrating and applying the knowledge you acquired throughout this course of total compensation management.

  

  

Recommended Resources

 Please refer to your student course guide for a list of recommended resources for this course.

References

Martocchio, J. J. (2011) Strategic compensation: A human resource management approach (6th Edition). Upper Saddle River, NJ: Prentice Hall. ISBN: 9780136106401