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HRM630 Assignment 1 Solution and Discussion
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Due Date: 22-01-2020
Marks: 10
Topic: Global Compensation: Emerging Issues
Scenario:
ASSIGNMENT International Human Resource Management
(HRM630)
Due to Globalization, Multinational Companies have to manage their employees across countries with varied needs, wants and motivation levels. It is a challenging task for the HR teams to keep the motivation of their employees intact with their compensation plans.
There are two different views about providing compensation to employees in different countries. One view advocates adopting uniform plans for all employees, regardless of their geographical location while the other view emphasizes implementing different plans for different countries.
Both the views have their own pros and cons, but recently, it has been observed that the multinational companies are going for different compensation plans for different regions and countries.
Requirement:
Being a Manager of a multinational company, what are the issues you will face in implementing different compensation plans across counties?
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