Discuss the Role and Effects of Various Kinds of Remuneration Str...

Continues for 8 more pages »
Read full document

Discuss the Role and Effects of Various Kinds of Remuneration Strategies on Expatriate Attraction, Motivation and Retention.

By | March 2012
Page 1 of 9
Discuss the role and effects of various kinds of remuneration strategies on expatriate attraction, motivation and retention. Choose a particular industry and location to illustrate your arguments.

Nowadays as important as having a talent is to keep it in business, because owning it is not just important for organizations, but also to their own holders. If knowledge is now the major force of economic value, it was expected that the labour market rewarded the best people working more with the brain. It what is actually happening, a trend, "an explosion of jobs that pay well knowledge workers "(Stewart, 1998). It's the war of competition because "Successful corporations encourage personal growth to attract the best and most bright people "(Stewart, 1998).

Our area of discussion for this report is on various kinds of remuneration strategies on expatriate attraction, motivation and retention. For example, Vernon (2006, p. 232) concludes that “consideration must be given to the total remuneration package and to purchasing power and taxation for the recruitment, retention, motivation and mobility of international staff”.

One of the first questions that a company manager can ask when the expatriation issue is discussed is "why an expatriate rather than a local employee? It is estimated that the average cost of an expatriate is a half times twice than a local; clearly, an expatriate is much more expensive (Steger, Lang and Groeger, 2011). Moreover a local manager has a greater control over its own environment and over the cultural specificities of his country. The main reason that affects in favour of expatriation is strategic. Often expatriation is used as a last resort after considering other possibilities. Sometimes, it is necessary to send on-site managers native of the country, less involved than nationals managers of the host country and who understand the advantage of the firm ‘strategy’ (Brake, Walker and Walker, 1995). On the other hand, sometimes the...
Hide

Rate this document

What do you think about the quality of this document?

Share this document

Let your classmates know about this document and more at Studymode.com