Posted: August 20th, 2022

Explain how balancing the interests of global and local, occupational and functional perspectives may play out in a compensation decision scenario. Be sure to respond to classmates’ posts below: The host and home country’s culture can significantly impact the expatriate’s adjustment and success on the international assignment. In developing compensation packages, policies should be created for future use for global assignments, recognizing they may not be the same.

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Please respond to the following separately: 5-10 sentences
Explain how balancing the interests of global and local, occupational and functional perspectives may play out in a compensation decision scenario. Be sure to respond to classmates’ posts below: The host and home country’s culture can significantly impact the expatriate’s adjustment and success on the international assignment. In developing compensation packages, policies should be created for future use for global assignments, recognizing they may not be the same. The complexities of compensation may differ significantly from country to country, and it is essential to recognize those differences in developing a successful compensation package.Some countries are more complicated for the expatriate; due to social or government laws, the choice of compensation may be higher for countries with more challenges. Also, identifying the host country’s currency in comparison to the home country should be considered for the base pay. Additional factors global companies should consider are housing, transportation, education, and relocation assistance might be included in the package. Because the housing prices may often differ and adjusting the cost of living should be a consideration. Finally, identifying the need for culture adjustment benefits for both the expatriate and family is vital in the transition from home to the host country (Dowling, Fester, & Engle Sr.,1). Source: Dowling, Festing & Engle, Sr.. 2020. International Human Resources Management. p. 215-235. BUS325.

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