International Compensation Management
. Introduction Human resources are an important input for an organisation and it is very essential that various positions/jobs in the organisation are placed with suitable candidates. To be competitive in market, it is very important for an organisation to have work force with required technical and managerial skills, competencies and experience. The critical success factors for a MNC is to employ people from different countries with technical skills, cross-cultural skills and leadership skills required to perform job efficiently. All these capabilities of employees are significantly influenced by the compensation policy of the company. To develop a loyal and stimulated workforce, companies must form competitive compensation and rewards policy. The ideal compensation policy ensures the availability and preservation of best talent in the organisation while attracting new talent and reducing turnover. Objectives of International Compensation Management Following are the obj...