22Feb 2022 by
According to the Office of the United States Trade Representative, America is the worlds largest national economy and leading global trader with free trade agreements in force with 20 countries (USTR, n.d.). While Americans generate and earn more than 20 percent of the worlds total income, we are not immune to the impact of the global economy. Financial markets, manufacturing industries, advancements in technology and numerous other factors affect every workplace and employment relationship.In addition to the global forces at work, an estimated 8.7 million Americans live and work in over 160 countries around the world (AARO, n.d.). This number, which was estimated in 2016, is likely to be even higher as corporations increase the ability to work, ship and manufacture globally. Compensation models may need to adapt to managing total rewards systems on an international level.In this Discussion, you will explore the affect of globalization on compensation strategies and the considerations necessary for expatriate employees. In addition, you will analyze the constraints national culture places on compensation.
Post a cohesive and scholarly response, based on and supported by your required readings, media, and research this week, that addresses the following:
Examine how the national culture is a constraint on compensation.Analyze how the elements of expatriate compensation differ from that of domestic U.S. compensation. When budgeting headcount and benefits (direct and indirect compensation), what changes, if any, might you consider regarding expatriate employees?
22Feb 2022 by