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Imagine you are the Chief of Human Resources for a global corporation with operations in three...

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General Management

Imagine you are the Chief of Human Resources for a globalcorporation with operations in three different countries. The CEOof the company wants you to come up with a new compensation planbased on the labor markets of the three (3) countries where theemployees live and work, rather than basing it on the parentcountry’s labor market.

What are some of the biggest advantages and disadvantages ofsetting up a compensation system like this?

Please in your own word!

Answer & Explanation Solved by verified expert
4.3 Ratings (840 Votes)
The preparation of the compensation plan on the basis of the country of work is called as a host country method to issue compensation It has some biggest advantages The first advantage is that it follows the compliances with the local labor laws and wage related guidelines that prevent the scope of conflict The second    See Answer
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