Rethinking International Compensation: From Expatriate and National Cultures to Strategic Flexibility
Bloom, Matthew C.; Milkovich, George T.
[Excerpt] We are on the verge of a worldwide restructuring of compensation and reward systems. Even long established, seemingly carved-in-granite cultural norms, such as lifetime employment in Japan and industry-wide bargaining in Germany, are weakening in response to the pressures of a global economy. So also are our previously hard-and-fast assumptions about international compensation -- the idea that pay systems should keep expatriates “economically whole” and the notion that local compensation should be tailored to fit national cultures.
employee; organization; performance; risk; pay; compensation; culture; flexibility; reward