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, thisis is an invaluable text for any student of HRM, Business and Management, or any practitioner working in this area.
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
The Global HRM Series has for over a decade been leading the way in advancing our understand of Global HRM issues. Edited and authored by the leading and highest-profile researchers in the field of human resource management (HRM), this series of books offers students and reflective practitioners accessible, coordinated and comprehensive textbooks on global HRM. Individually and collectively, these books cover the core areas of the field, including titles on global leadership, global talent management, global careers, and the global HR function, as well as comparative volumes on HR in key global regions.
The series is organized into two distinct strands: the first reflects key issues in managing global HRM; and the second comparative perspectives human resource management.
Taking an expert look at an increasingly important area of global business, this well-established series has become the benchmark for serious textbooks on global HRM.
The Publisher and Editors wish to thank the Founding Editors of the series – Randall Schuler, Susan Jackson, Paul Sparrow and Michael Poole.
Dedication: The late Professor Michael Poole was one of the founding series editors and the series is dedicated to his memory.