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

ASK, If you were the professor and you knew what was going through Vincent?...

If you were the professor and you knew what was going through Vincent?s mind, what would you say to Vincent?

Explain implementing a relational database, What benefits would Bill get fo...

What benefits would Bill get for his business from implementing a relational database? Your response must be tied directly to Bill's pizza stores.

Supply chain management, explain the extend to which SCM is applicable to a...

explain the extend to which SCM is applicable to a service operation like Cruise int.

Explain management''s responsibility regarding risk, There is a puzzle in r...

There is a puzzle in regard to risk. What is management's responsibility regarding risk? At what level(s) does each aspect of risk management lie?

Challenges facing operations managers - operation function, Ques: What do y...

Ques: What do you consider to be the challenges facing operations managers today?  1. Interfacing with other managerial functions  2. Dealing with increased rates of change

Determine the biggest management challenge, What does Drucker see as the bi...

What does Drucker see as the biggest management challenge for the 21st century?  Answer: Improving the productivity of the office worker.

Find what is the minimum unit price, An electronics firm is currently manuf...

An electronics firm is currently manufacturing an item that has a variable cost of $.50 per unit and a selling price of $1.00 per unit. Fixed costs are $14,000 per month. Current d

Explain about the level capacity strategy, Explain about the level capacity...

Explain about the level capacity strategy. Level capacity strategy: The organisation produces or manufactures at a constant rate of output avoiding any changes or fluctua

International Business Management, Describe the sentence "The world economy...

Describe the sentence "The world economy is globalizing at an accelerating pace"

Describe the value chain, Question 1: Describe the main growth strategi...

Question 1: Describe the main growth strategies that a firm can pursue and discuss conditions that favour each strategic option. Support your answer with suitable examples.

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