Global compensation has become an important consideration for multi-national companies. It is a very tricky subject due to the different laws and regulations in different countries as well as the social responsibility aspects of an organization. Many organizations have received bad press due to using cheap labor in other countries to make products and then selling those products in the US for high prices. We can all name some of those companies that have been in the news for this reason.
Globalization has become a fact of life for many organizations and their employees. However, globalization brings with it a myriad of issues. Write an analysis detailing international pay systems and their adherence and/or lack thereof to United States laws regarding compensation practices and policies, such as the FLSA, the Pay Discrimination Act, and others. Include in this analysis the means to control salary budgets when dealing with the multitude of issues in the global market place and salary issues.
1. Introduction –Global compensation in multinational companies
(0.5 page, incorporate two articles from those attached)
2. International Pay systems vs US pay systems. (Analyze and compare international pay systems and their adherence and/or lack thereof to United States laws regarding compensation practices and policies)
a. Analysis and comparison (US vs International) against the laws and social responsibilities. International pay systems and legal issues (the FLSA, Pay Discrimination Act, and others that impact policies) (3 pages)
b. Additional factors influencing international pay systems (o5 page)
(3,5 pages. Use Ch 16 of Milkovich, books: Dessler, and Mathis & Jackson, and at least three articles from attached. (use official legal websites, such as https://www.dol.gov, https://www.eeoc.gov/facts/multi-employers.html and others. Also you can use a couple of International HRM/US HRM websites)
3. Analyze the means to control salary budgets when dealing with the multitude of issues in the global market place and salary issues. 1 page , (use any of the resources attached or your own resources)
Price $ 65 + tip in case