HRM-5007 - Global Compensation and Benefits

Semester Credits: 3 Weeks: 8

This course provides a comprehensive understanding of the complexities and strategies involved in designing and managing compensation and benefits programs in a global context. Global compensation and benefits management is a critical link between a multinational enterprise (MNE) and achieving its global strategies. Globalization has impacted the field of Human Resources, particularly in terms of researching, understanding, designing, developing, and assessing compensation and benefits programs. These programs attract and motivate home, host, and third-party nationals for internal assignments. Students in this course will examine the impact of compensation and benefits on an organization’s global strategies. They will also learn how to manage compensation and benefits that support the organization’s strategies. Global HR professionals need to consider factors that influence global compensation and benefits. This entails a comprehensive understanding of the customs, labor market, legal regulations, labor regulations, economic conditions, political environment, cultural factors, and taxation systems where the organization operates.