International compensation program

Learn more about laws for terminating an employee in Spain. Considering expanding operations to Spain? Here are some common Spanish labor laws that global employers need to know.

Wondering how paternity leave differs by country? Read on to learn where in the world dads get the best paternity leave packages. Join us as we revisit the most popular content of blogs, futureofwork, videos, conversations and more. Some countries offer more time for paid bereavement leave than others. Read on to learn about how paid funeral leave looks around the world. Did you know that some countries have legal requirements for holiday pay? Learn about the guidelines—and expectations—of holiday pay in different countries.

Here are three key areas to rethink your hiring approach. Understanding pay structure is essential for employers looking to expand globally. Learn how the compensation structure in India has recently changed and what that means for businesses considering exp.

A good global benefits strategy can create a sense of harmony within your organization. Learn more about why your company needs one—and how to craft one. Both mandatory and supplementary benefits are available for employees in India. As a matter of fact, most US officials are covered by their home country benefit programmes. Other kinds of benefits that are offered are:. These benefits, however, depend on the host country regulations.

In recent years some MNC have been designing special incentives programmes for keeping expatriate motivated. In the process a growing number of firms have dropped the ongoing premium for overseas assignment and replaced it with on time lump-sum premium.

The lump-sum payment has at least three advantages. First expatriates realize that they are paid this only once and that too when they accept an overseas assignment. So the payment tends to retain its motivational value. Second, costs to the company are less because there is only one payment and no future financial commitment.

This is so because incentive is separate payment, distinguishable for a regular pay and it is more readily for saving or spending. MNCs generally select one of the following approaches to handle international taxation. Some of the commonly used stock option schemes are:. Skip to content. When a firm develops international compensation policies, it tries to fulfills some broad objectives: The compensation policy should be in line with the structure, business needs and overall strategy of the organization.

The policy should aim at attracting and retaining the best talent. It should enhance employee satisfaction. It should be clear in terms of understanding of the employees and also convenient to administer. The employee also has a number of objectives that he wishes to achieve from the compensation policy of the firm- He expects proper compensation against his competency and performance level.

Operating in countries worldwide. South Africa. Russian Federation. United Arab Emirates. View All Countries. Find Out More.

A single point of contact, anywhere in the world. Download Brochure. Beyond international HR support. Yvonne Davit, Payroll Administrator at Hootsuite. If your working spouse is going to be unhappy stuck at home overseas, be sure to ask for this benefit.

Spousal assistance also covers help with visa issues and getting the family settled in the new location. Learn more about international careers. Thank you! You are now a Monster member—and you'll receive more content in your inbox soon. By continuing, you agree to Monster's privacy policy , terms of use and use of cookies. Search Career Advice. Related Articles.