Write a 3–5-page compensation and benefits package for a new expatriate position working for either Java Corp. or an organization you are familiar with.
Structuring and communicating a total compensation package that meets regulatory requirements and the needs of a global workforce requires a delicate balancing act between what is required and what will contribute to an effective relationship between employer, employee, and the community or country in which the company operates. Communicating benefits programs to employees can be as important as the benefits themselves. Knowing how to leverage all available compensation options is a necessary skill for any HR professional.
Research compensation and benefits for either Java Corp., or an organization of your choice. A minimum of two resources are required to support your work. Use the following template for additional guidance on components that comprise employee pay or salary and benefits:
Compensation and Benefits Template [DOCX]. attached
For this assessment, you are the new HR manager for Java Corp., a domestic cold coffee and tea company. Java Corp. is opening a new office in London, England. You are planning on filling one executive-level position with a U.S. citizen who is not already employed by Java Corp. The term of the initial assignment is two years.
Using the Compensation and Benefits Template as a guide, create a compensation package for a new expatriate position. Include the following:
Pay or Salary
In this part:
Describe key factors and decisions to make regarding base pay. Note: You do not need to indicate exact salary figures for this assessment.
Analyze additional pay considerations for expatriate positions.
Consider incentive pay, foreign service premium, hardship allowance, and mobility premium.
In this part:
Analyze other legally required benefits for an employee.
Include standard benefits, protection programs and paid time off, Social Security, Medicare, federal and state unemployment, and workers compensation.
Analyze the appropriateness of offering additional benefits.
These types of benefits could include relocation assistance, educational reimbursement, and home leave reimbursement, among others.
Describe additional key considerations in designing a compensation package for the expatriate position.
include 2-3 of attached references
ref1 Gupta, N., & Shaw, J. D. (2014). Employee compensation: The neglected area of HRM research. Human Resource Management Review, 24(1), 1–4.
ref2 Haile, S., & Williams, D. (2011). Factors that influence expatriate compensation problems. Academy of Business Research Journal, 1, 25–32.
Type of service-Academic paper writing
Type of assignment-Essay
Pages / words-4 / 1100
Number of sources-4
Academic level-Junior (College 3rd year)
Language style-US English