Compensation is a systematic approach to providing monetary value and other benefits to employees in exchange for their work and service. But pay and conditions becomes a more complicated issue for multinational companies which operate across different locations and cultures, and who employ an increasingly diverse range of personnel.
This unique new text gives in-depth analysis of the key themes and emerging topics faced by global enterprises when dealing with compensation issues. The first section, ‘Foundation Concepts’, looks at the design of compensation packages for a number of different employee groups; from supply chain management to research and development, as well as ethical considerations when dealing with a global context, and the concept of performance related pay. The second section, ‘Global Applications’, looks at current debates in the field, including the influence of national cultures on compensation schemes, discrepancies in CEO pay, and contrasts in wages between industry types.
Part of Routledge’s Global HRM, this is is an invaluable text for any student of HRM, Business and Management, or any practitioner working in this area.
Table of Contents
1 The Influence of Institutional and Cultural Factors on Compensation Practices Around the World 2. National Differences in Compensation 3. Universal and national norms for Organizational Compensation Ethics 4. Performance Measurement Issues, Incentive Application and Globalization 5. Contracting for Success in the Era of globalization 6. Incentives to stimulate innovation in a global context 7. Executive Compensation in an International Context 8. Shareholders' value maximization and stakeholders' interest 9. A Global Perspective on Executive Compensation 10. The Global Convergence of Compensation Practices 11. Compensation and National Culture 12. Pay for Performance for Global Employees 13. Global Wages in Industries with Low Entry Barrier Occupations 14. Employee Benefits Around the World 15 Explaining High U.S. CEO Pay in a Global Context 16. Beyond Financial Performance
Luis R. Gomez-Mejia holds the Horace Steele Chair in the Management Department at Arizona State University, USA. His publications have appeared in most major management journals, including Academy of Management Journal, Academy of Management Review, Administrative Science Quarterly, Personnel Psychology, Journal of Management and Strategic Management Journal.
Steve Werner is an Associate Professor of Management at the University of Houston, USA. He has published over three dozen academic and practitioner papers on HRM and international business. Professor Werner serves on the editorial board of the Human Resource Management Journal and Human Resource Management Review.