Describe international compensation, Operation Management

Assignment Help:

Existing salary for managers is 45,000 euros (58,567 us dollars) plus bonuses. Average salary for managers in range is 60,000 euros (78,090), no bonuses. Recommendations must include numerical data, percentages, etc. based on the text and research and must include your response to the following instructions: Approaches to International Compensation

Burnt Hotels wants - a consistent compensation approach for expats that will support their international expansion.

1, Identify which compensation approach you believe is best? (Going rate approach or the balance sheet approach) Describe the approach you choose and C - detail the advantages and disadvantages of this approach as they relate specifically to the hotel management position in France.

2. A plan that will entice existing employees to work abroad. Explain the difference between domestic and international compensation.

3. Explain how you would induce Brunt's current employees to accept the international assignment? How much of a base salary will you propose offering the managers? c. What percentage of base salary will the inducement comprise? Be specific - express the computations in % and in Euros amounts.

4. Of the Allowances mentioned in your textbook, identify at least 4 to be offered in this case. (b.) What % of base salary will the inducement comprise? Be specific - express the computation in % and in Euros amounts - Be sure to include the COLA as one of your allowances.

5. Burnt Hotels wants: A good range of incentives (Variability)

A. Now that you have determined the component of the salary for the international hotel manager, what benefits will you include in the compensation package? B.) What're the main points you will have to consider when deciding how to provide the benefits you are proposing? For example, what considerations are there for pension plans?


Related Discussions:- Describe international compensation

Explain the operation of a subway sandwich shop, Using the concepts that yo...

Using the concepts that you learned in online explanation of control theory, describe the operation of a Subway sandwich shop. Be sure to describe which of the Control Theory's wou

Explain type of organization structure face and why, Under what conditions ...

Under what conditions are customer-centric structures appropriate and what challenges does this type of organization structure face and why?

Devise a regression equation and predict the profitability, Consider the ta...

Consider the table below. This time, the historical profitability of eight locations is listed in the table. Devise a regression equation and predict the profitability of a new sit

Explain benefit-cost and cost-effectiveness, "A Closer Look" Please respond...

"A Closer Look" Please respond to the following: •Compare and contrast benefit-cost, cost-effectiveness, and cost-utility analysis and determine which is the most useful to assess

Provide description of the business model, Create the document with conside...

Create the document with consideration to the following: E-Commerce business plan Use Word Title Page Table of Contents Use of the auto generated table of contents

What are the ways in which corporations can demonstrate, What are three way...

What are three ways in which corporations can demonstrate a sense of social responsibility?

Describe setting up valid research designs in a company, Discuss setting up...

Discuss setting up valid research designs in a company, work environment

Define the strategies that you might use in addressing goals, Develop a str...

Develop a strong talent management program globally to develop and retain talent that you have been losing to competitors and downsizing. Discuss the strategies that you might use

Explain preparation and analysis of balance sheet, Explain preparation and ...

Explain preparation and analysis of balance sheet. Preparation and Analysis of Balance Sheet: Balance Sheet is one of the significant financial statements of a company provid

Objectives of good layout, Objectives of Good Layout Any of the follow...

Objectives of Good Layout Any of the following objectives might be achieved through a good layout: Provide enough production capacity. Reduce material handlin

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd