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Global Compensation and Benefits: Developing Policies for Local Nationals 

2008 
978-1-586-44123-4 
 
 

Global Compensation and Benefits: Developing Policies for Local Nationals
By Roger Herod

2008, 29 pages, Paperback
ISBN: 978-1-586-44123-4
SHRMStore Item #: 61.15504

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A PDF version e-book is also available through Independent Publishers Group.

How should compensation and benefits policies be developed when individuals are employed in different countries on local terms and conditions?

The best time to develop a global compensation and benefits philosophy and strategy is when the company establishes or acquires its first international local office or subsidiary; hasty ad hoc decisions can create situations that may take years to rectify. Global Compensation and Benefits provides a detailed look at the most important issues you'll face in developing effective compensation and benefits policies for individuals employed in different countries on local terms and conditions.

The book covers such key questions as deciding which compensation and benefits policies should be driven by local practice in contrast to being primarily determined on a global basis. Specific critical issues must be addressed including variation in local practices; assessment of competitive practice; obtaining the right information about pay practices; sources of compensation data; comparative salary levels; and much more.

The other titles in SHRM's Global HR Management Series are

  • Benchmarking International Assignment Programs: Assessing Overall Effectiveness
  • Expatriate Compensation Strategies: Applying Alternative Approaches
  • Expatriate Compensation: The Balance Sheet Approach
  • International Assignment Programs: Tackling the Critical Issues
  • Managing the International Assignment Process: From Selection Through Repatriation
  • Short-Term International Assignments: Implementing Effective Policies

 Praise for the Book

"Thanks for an extremely useful compensation tool. Global Compensation and Benefits: Developing Policies for Local Nationals is fabulous. It answered several issues and gave me a better understanding of global compensation. Nice job!" -- Brad Clippinger, Bechtel Corporation

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 Table of Contents

Introduction

Establishing a Compensation and Benefits Philosophy and Strategy

Compensation Policies for Local Nationals

Benefits Policies for Local Nationals

Summary

 About the Author

Roger Herod, SPHR, is a Principal with Mercer, based in Chicago. He carries out a wide range of global projects for major multinational clients in the United States and Europe, particularly focused on global compensation, benefits, and mobility issues.

Herod has held senior-level international human resources positions since 1974, working extensively in the United States, Europe, Latin America, and Asia, as well as having lived in the U.K., Belgium, Switzerland, and, at present, the United States. He has worked for such leading companies as Procter & Gamble, General Foods, R.J. Reynolds, and Campbell Soup, where he was Vice President, HR for Campbell Soup's International Division. A graduate of Manchester University in the U.K., he is a Chartered Fellow of the U.K. Institute of Personnel Management and Development.

Herod, who has served on the Board of Directors of SHRM's HR Certification Institute, has been extensively involved in the development of the GPHR certification program and has spoken at a wide range of seminars and conferences. He is also the editor of the International Human Resources Guide, and has had articles published in various journals, including Benefits and Compensation International and Mobility.