Global Compensation: Foundations and Perspectives

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 an in-depth and detailed analysis of the key themes and emerging topics faced by global enterprises when dealing with compensation issues today. 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 Series , and written by the most eminent researchers in the field, Global Compensation: Foundations and Perspectives is an invaluable text for any student of Human Resource Management, Business and Management, or any practitioner working in this area.Gomez-Mejia, Luis R. is the author of 'Global Compensation: Foundations and Perspectives', published 2008 under ISBN 9780415775021 and ISBN 0415775027.