Total Remuneration Within Global Organizations

This basic-level course offers an overview of total compensation and its role within global organizations. Topics include the development of effective compensation, benefits and work-life strategies that respond to organizational and environmental complexities, a discussion or expatriate pay assignments, an analysis of the influence of governments on remuneration practices and the role of remuneration within the overall global management of human resources.

• Examine why companies globalize and the impact of it.
• Identify cultural issues and influences that affect the design and delivery of global rewards.
• Discover primary similarities and differences when developing a compensation/remuneration strategy.
• Gain an overview of benefits in different regions that may serve as a starting point for developing a global benefits strategy.
• Explore work-life, performance and recognition and development and career opportunities, and their effect on attraction, motivation and retention throughout the world.
• Learn approaches and issues associated with managing international assignments.
• Discuss emerging marketing, trends and the future of global rewards.

Who Should Attend

This course is recommended for HR generalists and specialists from all functions seeking a broad understanding of total remuneration policy and practices around the world. It serves as an overview of global practices in total remuneration. It also serves as an introduction to global strategy.

What You Will Learn

Globalization, Remuneration and Total Rewards

• Globalization
• The global business environment
• Total remuneration

Influences on Reward Systems

• Influences on total rewards
• The impact of culture
• Other influences
• Government controls
• Influence of technology
• Rewards planning
• Common-sense global practices

Global Compensation Practices

• Elements of compensation
• Factors to consider in compensation/remuneration
• Base pay delivery
• Variable pay delivery
• Executive compensation
• Common-sense global practices
• Summary of compensation challenges

Global Benefits Practices

• Benefits
• Influences on global benefits planning
• Global benefits strategy
• Government programs
• Company programs
• Global benefits trends
• Examples of country-specific rewards

Work-Life, Performance and Recognition, Development and Career Opportunities

• Total rewards in the global workplace
• Global performance management
• Global employee assistance programs
• Attraction and retention

Managing International Assignments

• Definitions
• Evolution of international assignments
• International assignments
• Compensation systems
• Retirement issues
• Other issues

Cross-Border Mergers and Acquisitions

• Definitions of key terms
• Cross-border mergers and acquisitions
• The role of human resources
• The importance of culture
• Other global M&A issues
• Successful cross-border mergers and acquisitions

The Future of Global Rewards

• Becoming a strategic partner
• Global trends in total rewards
• Emerging markets
• Developing a global action plan
• The future of globalization