From the course: Human Resources: Compensation and Benefits
Join today to access over 24,000 courses taught by industry experts.
International compensation
From the course: Human Resources: Compensation and Benefits
International compensation
- You've just learned that your company has chosen you and your family for a three-year overseas assignment to Zurich, Switzerland. After the initial excitement wears off, you begin to think about the compensation and benefits package that you'll need to live comfortably. After all, Zurich is expensive. So let me help you understand some of the things you'll need to know about international compensation and benefits. International compensation policy focuses on three key objectives: attracting and retaining employees who are qualified for overseas service, facilitating transfers between foreign affiliates and between home country and foreign locations, and maintaining compensation that's reasonable in relation to the practices of leading competitors. As firms expand into overseas markets, they typically adopt one of three types of compensation plans: localization, local plus, or the balance sheet. Localization pays expatriates on the same scale as local nationals. Firms then…
Download courses and learn on the go
Watch courses on your mobile device without an internet connection. Download courses using your iOS or Android LinkedIn Learning app.