{"id":8254,"date":"2013-01-30T05:13:05","date_gmt":"2013-01-30T05:13:05","guid":{"rendered":"http:\/\/vskills.in\/certification\/tutorial\/?p=8254"},"modified":"2024-04-12T14:14:12","modified_gmt":"2024-04-12T08:44:12","slug":"international-compensation-management","status":"publish","type":"page","link":"https:\/\/www.vskills.in\/certification\/tutorial\/international-compensation-management\/","title":{"rendered":"International Compensation Management"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><a ref=\"magnificPopup\" href=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/International-Compensation-Management-1.png\"><img loading=\"lazy\" decoding=\"async\" width=\"750\" height=\"400\" src=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/International-Compensation-Management-1.png\" alt=\"International Compensation Management\" class=\"wp-image-96263\" srcset=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/International-Compensation-Management-1.png 750w, https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/International-Compensation-Management-1-300x160.png 300w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><\/a><\/figure>\n<\/div>\n\n<p><\/p>\n<p><strong>International Compensation Management-<\/strong> The escalating pace of globalization is increasing the need for organizations to develop effective international compensation programs. Though globalization is not a new phenomenon, it is the rapid pace of escalation that has focused attention on international issues in both the business press and the executive suite. In these turbulent and increasingly global competitive markets, no function is under greater scrutiny than the human resource function. Despite the need to attract, motivate, and retain an effective workforce in a variety of foreign locations, the international compensation literature has focused primarily on a small percentage of the international workforce: the expatriate manager. It is important that international compensation scholars begin to extend this focus beyond the expatriate to inform organizations regarding the cross-cultural use and motivational utility of various compensation practices on the larger workforce.<\/p>\n<p>There are two basic approaches to determine the international compensation package:<\/p>\n<ul>\n<li><strong>Going Rate Approach:<\/strong> This is based on local market rates. It relies on comparisons of surveys of the local nationals, expatriates of same nationality and expatriates of all nationalities\u2019 pay packages.<\/li>\n<li><strong>Balance Sheet Approach:<\/strong> The Balance Sheet Approach to international compensation is a system designed to equalize the purchasing power of employees at comparable position levels living abroad and in the home country and to provide incentives to offset qualitative differences between assignment locations.<\/li>\n<\/ul>\n<p>The module includes:<\/p>\n<ul>\n<li><a href=\"http:\/\/vskills.in\/certification\/tutorial\/human-resources\/compensation-and-benefits-manager\/approaches-to-international-compensation\/\" target=\"_blank\" rel=\"noreferrer noopener\">Approaches to international compensation<\/a><\/li>\n<li><a href=\"http:\/\/vskills.in\/certification\/tutorial\/human-resources\/compensation-and-benefits-manager\/components-of-international-compensation\/\" target=\"_blank\" rel=\"noreferrer noopener\">Components of an international compensation<\/a><\/li>\n<li><a href=\"http:\/\/vskills.in\/certification\/tutorial\/human-resources\/compensation-and-benefits-manager\/designing-international-compensation-plans\/\" target=\"_blank\" rel=\"noreferrer noopener\">Designing international compensation plans<\/a><\/li>\n<li><a href=\"http:\/\/vskills.in\/certification\/tutorial\/human-resources\/compensation-and-benefits-manager\/concept-of-variation\/\" target=\"_blank\" rel=\"noreferrer noopener\">Concept of variation<\/a><\/li>\n<li><a href=\"http:\/\/vskills.in\/certification\/tutorial\/human-resources\/compensation-and-benefits-manager\/cultural-issues\/\" target=\"_blank\" rel=\"noreferrer noopener\">Cultural issues<\/a><\/li>\n<li><a href=\"http:\/\/vskills.in\/certification\/tutorial\/human-resources\/compensation-and-benefits-manager\/repatriation-issues\/\" target=\"_blank\" rel=\"noreferrer noopener\">Repatriation issues<\/a><\/li>\n<\/ul>\n<p><strong><em>Become Vskills Certified Compensation and Benefits Manager. Learn the module &#8220;International Compensation Management&#8221;. Try the free practice test!<\/em><\/strong><\/p>\n<div class=\"apply\">\n<h5>Apply for Compensation and Benefits Certification Now!!<\/h5>\n<p><a href=\"http:\/\/www.vskills.in\/certification\/Certified-Compensation-and-Benefits-Manager\">http:\/\/www.vskills.in\/certification\/Certified-Compensation-and-Benefits-Manager<\/a><\/p>\n<\/div>\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.vskills.in\/practice\/compensation-and-benefits-manager\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"961\" height=\"150\" src=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/1Y0-204-Citrix-Virtual-Apps-and-Desktops-7-Administration-1-1.png\" alt=\"\" class=\"wp-image-96008\" srcset=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/1Y0-204-Citrix-Virtual-Apps-and-Desktops-7-Administration-1-1.png 961w, https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2020\/12\/1Y0-204-Citrix-Virtual-Apps-and-Desktops-7-Administration-1-1-300x47.png 300w\" sizes=\"auto, (max-width: 961px) 100vw, 961px\" \/><\/a><\/figure>\n<\/div>\n\n\n<p><a rel=\"noreferrer noopener\" href=\"https:\/\/www.vskills.in\/certification\/tutorial\/compensation-and-benefits-manager\/\" target=\"_blank\">Go back to Tutorial<\/a>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; <a rel=\"noreferrer noopener\" href=\"https:\/\/www.vskills.in\/certification\/certified-compensation-and-benefits-manager\" target=\"_blank\">Go to Home Page<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>International Compensation Management- The escalating pace of globalization is increasing the need for organizations to develop effective international compensation programs. Though globalization is not a new phenomenon, it is the rapid pace of escalation that has focused attention on international issues in both the business press and the executive suite. In these turbulent and increasingly&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"categories":[3328],"tags":[76,6740,3016,3084],"class_list":["post-8254","page","type-page","status-publish","hentry","category-hr-compensation","tag-compensation-and-benefits","tag-compensation-and-benefits-manager","tag-compensation-and-benefits-manager-certification","tag-international-compensation-management"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Compensation &amp; Benefits Tutorial | International Compensation Management<\/title>\n<meta name=\"description\" content=\"Become Vskills Certified Compensation and Benefits Manager. 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