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Choose an organization to use for this assessment. It must be an organization th
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Choose an organization to use for this assessment. It must be an organization that is researchable, as you will need to gather and analyze information to complete the assessment.Research the compensation and benefits of the chosen organization. The company is opening a new branch office in London, England. You are planning on filling one executive level position with a U.S. citizen. This employee can be newly hired or an existing employee. The term of the initial assignment is two years. You are the new HR manager and must design a compensation package for this position.Instructions
Create a compensation package for a new expatriate position. Include the following:Pay or Salary
In this part:Describe key factors and decisions to make regarding base pay.
Specifically, discuss how base pay would be determined, what factors influence base pay, and in what way.
Note: You do not need to indicate exact salary figures for this assessment.
Analyze pay considerations specific to expatriate positions.
Consider foreign service premium, incentive pay, hardship allowance, mobility premium, and the like.
In this part:Analyze legally required benefits for an employee.
Include social security, Medicare, federal and state unemployment, and worker’s compensation.
Also, discuss any legally required benefits that may be different in England compared to the United States.
Analyze standard benefit offerings.
Include health insurance, paid time off, employee assistance programs, et cetera.
Discuss factors that might influence these offerings such as company size, role of the employee, company location, et cetera.
Analyze the appropriateness of offering additional benefits or resources to employees facing an overseas work assignment that would ease their transition.
These types of benefits could include relocation assistance, home leave reimbursement, spousal support for finding work, cultural or language training, among others.
Written communication: Communicate in a manner that is scholarly and professional. Your writing should be:
Concise and logically organized.
Free of errors in grammar and mechanics.
Validation and support: Use a minimum of four relevant and credible scholarly or professional resources such as the Wall Street Journal to support your work.
Competency 1: Apply human resource strategies to business needs.
Analyze the appropriateness of offering additional benefits and resources for expatriate employees.
Competency 2: Analyze core functions of human resource management.
Describe key factors and decisions to make regarding base pay.
Analyze legally required benefits and standard benefit offerings for an employee.
Competency 3: Analyze the strategic value of human resource management within a competitive global business environment.
Analyze additional pay considerations for expatriate positions.
Competency 4: Communicate effectively in a scholarly and professional manner.