This groundbreaking new book is core reading for courses in International Human Resource Management. Drawing together a team of internationally renowned experts, International Human Resource Management: An Employment Relations Perspective is an exciting and innovative text that looks at this field from a fresh angle. Miguel Martinez Lucio's new text takes a global approach to International Human Resource Management, looking at the implications of globalization for industrial relations and transnational companies. Topics covered include international regulation, business ethics, the implications of migration and mobility, and the way that transnational companies behave in developing countries. Key features: Packed with international case studies and examples! Full pedagogy including reflective questions! A comprehensive companion website containing full-text articles, weblinks, an Instructor's Manual, PowerPoint slides, additional case studies and podcasts. International Human Resource Management: An Employment Relations Perspective is essential reading for undergraduate and postgraduate students looking for a genuinely critical text.
Chapter 4: Pay and Remuneration in Multinationals
- To understand the nature of payment systems and their development
- To comprehend the development of payment systems in the context of MNCs
- To engage with the problems and challenges of reward systems in relation to IHRM
- To explain some of the ongoing issues in relation to globalization
Pay is a central element in labour relations, and one of the most important human resource management (HRM) activities. It plays a key role in organizational functioning, determining the success of the whole human resources (HR) system. The effectiveness and fairness of the management of people is dependent to a great extent on reward policies. The wage relation significantly affects attitudes, work behaviours and organizational events. For employees, compensation is ...