Compensation and Benefits
Research the compensation and benefits of the chosen organization. The company is opening a new branch office in London, England. You are planning on filling one executive-level position with a U.S. citizen who is not already employed by your company. The term of the initial assignment is two years. You are the new HR manager and must design a preliminary compensation package for this position.
***Will be using Walmart as the business***
Instructions: 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.
Benefits-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.
Additional Requirements: Your assessment should also meet the following requirements:
Length: 3–5 typed, double-spaced pages, plus a reference page.
Written communication: Communicate in a manner that is scholarly and professional. Your writing should be:
Concise and logically organized.
Free of errors in grammar and mechanics.
Validation and support: Use a minimum of two relevant and credible scholarly or professional resources such as the Wall Street Journal to support your work.
APA format: Format all citations and references in accordance with current APA guidelines.
