International HRM
The reward and compensation systems in MNC’s should effectively balance the needs and desires of host country nationals (HCNs), parent country nationals (PCNs) and third country nationals (TCNs). MNC’s adopt different types of pay systems like Going rate approach, Balance sheet approach and Local Plus approach to fit into local laws and global policies.
a) Identify and discuss the complexities involved in the designing of a reward package for an expatriate employee.
b) Identify and evaluate the reward and compensation practices offered by your chosen MNC in any two countries of your choice. (Support your answer with relevant International HRM theories and models) (40 marks)
Conclude your report with overall findings arising from Task-1 and Task 2 and make any relevant recommendations that would improve their practice
