SlideShare a Scribd company logo
Balance Sheet Approach to Compensation
Home Country
Host Country
Base salary
140,000
140,000
Housing allowance
12,000
18,000 (housing is more expensive in host country)
Health insurance
15,000
10,000 (insurance is cheaper in host country)
Contribution to 401 K
14,000
14,000
Vehicle allowance
10,000
14,000 (vehicle is more expensive in host country)
School tuition for children
NA
30,000
Yearly return to home country
NA
5,000
Income taxes
30% = 42,000
40% = 56,000
Overseas premium
NA
15% = 21,000
Total cost of employee
233,000
308,000
Distinguish national and global culture and the impact they have
on the globalized workforce in order to contribute to human
resource practices across countries and cultures
Analyze and assess global human resource policies, practices,
and functions in order to meet an organization's goals and
objectives while maintaining the values and traditions of the
local culture.
The management team has now hired 4 managers, who are PCNs
(parent country nationals). Now they need to figure out how to
develop a compensation plan that is aligned with the company’s
compensation but also takes into consideration the host
country’s financial situation. You are asked to:
A. Put together a compensation plan along with a balance sheet
(see example I week 5). Assume that the base salary of a
manager in the U.S. is $5500 a month. You may need to do
some additional research to find out what taxes are in Florence,
what is a typical housing allowance, and cost of living. Your
balance sheet should reflect monthly amounts.
B.List the top three benefits that should be offered to the
expatriate. Explain why you chose these as the most important.
Make sure the cost is included in your balance sheet.
Review the Balance Sheet Approach to Compensation in the
course file “Global Compensation” in week 5.
Background:
Fit 4 Life is a fitness chain throughout the United States. They
recently decided to open up four new gyms in Florence, Italy,
with the objective of growing the organization globally and
establishing an international presence.
The premise of Fit 4 Life’s strategy is that clients use gyms as a
social event. They promote clubs, small groups and large events
throughout the month to encourage clients to come together
socially as well as to work out. Each club has a general manager
and 3-5 fitness instructors who provide support for the clients
and the events.
The organization has decided to use this expansion as a pilot
project and if all goes well, they will consider spreading out
across Europe and South America.
This is a strategic endeavor, so it is important that the
organization finds an effective formula to operate successfully
in the global arena.
The organization has hired you to provide consultation on how
they should proceed.

More Related Content

What's hot

Incentive plan
Incentive planIncentive plan
Incentive plan
Connect2HR
 
Compensation Management PowerPoint Presentation Slides
Compensation Management PowerPoint Presentation Slides Compensation Management PowerPoint Presentation Slides
Compensation Management PowerPoint Presentation Slides
SlideTeam
 
Employee compensation and benefits
Employee compensation and benefitsEmployee compensation and benefits
Employee compensation and benefits
Rahul Jain
 
The New Way to Get Paid - How Total Rewards is Taking Over
The New Way to Get Paid - How Total Rewards is Taking OverThe New Way to Get Paid - How Total Rewards is Taking Over
The New Way to Get Paid - How Total Rewards is Taking Over
Xenium HR
 
Mba ii hrm u-3.4 compensation administration
Mba ii hrm u-3.4 compensation administrationMba ii hrm u-3.4 compensation administration
Mba ii hrm u-3.4 compensation administration
Rai University
 
Incentives - compensation management - Manu Melwin Joy
Incentives -  compensation management - Manu Melwin JoyIncentives -  compensation management - Manu Melwin Joy
Incentives - compensation management - Manu Melwin Joy
manumelwin
 
Compensation and incentive plan
Compensation and incentive planCompensation and incentive plan
Compensation and incentive plan
International advisers
 
Monetary or financial incentives - compensation management - Manu Melwin Joy
Monetary or financial incentives -  compensation management - Manu Melwin JoyMonetary or financial incentives -  compensation management - Manu Melwin Joy
Monetary or financial incentives - compensation management - Manu Melwin Joy
manumelwin
 
Pay system
Pay systemPay system
Pay system
Student
 
Deependra summer internship report
Deependra summer internship reportDeependra summer internship report
Deependra summer internship report
Deependra Singh
 
NCV 3 New Venture Creation Hands-On Support Slide Show - Module1
NCV 3 New Venture Creation Hands-On Support Slide Show - Module1NCV 3 New Venture Creation Hands-On Support Slide Show - Module1
NCV 3 New Venture Creation Hands-On Support Slide Show - Module1
Future Managers
 
Compensation management
Compensation managementCompensation management
Compensation management
Prashant Mehta
 
Compensation management
Compensation managementCompensation management
Compensation management
Kamal Subedi
 
Compensation management
Compensation managementCompensation management
Compensation management
Usha Vaidehi
 
Compensation
CompensationCompensation
Compensation
amitgleam
 
basic factors to determining pay rates
basic factors to determining pay ratesbasic factors to determining pay rates
basic factors to determining pay rates
Sana Rao
 
Compensation management in nepal
Compensation management in nepalCompensation management in nepal
Compensation management in nepal
Pratap Pathak
 
compensation
compensationcompensation
compensation
sonamsingh141212
 
Compansation determinant
Compansation determinantCompansation determinant
Compansation determinant
Mis bah
 

What's hot (19)

Incentive plan
Incentive planIncentive plan
Incentive plan
 
Compensation Management PowerPoint Presentation Slides
Compensation Management PowerPoint Presentation Slides Compensation Management PowerPoint Presentation Slides
Compensation Management PowerPoint Presentation Slides
 
Employee compensation and benefits
Employee compensation and benefitsEmployee compensation and benefits
Employee compensation and benefits
 
The New Way to Get Paid - How Total Rewards is Taking Over
The New Way to Get Paid - How Total Rewards is Taking OverThe New Way to Get Paid - How Total Rewards is Taking Over
The New Way to Get Paid - How Total Rewards is Taking Over
 
Mba ii hrm u-3.4 compensation administration
Mba ii hrm u-3.4 compensation administrationMba ii hrm u-3.4 compensation administration
Mba ii hrm u-3.4 compensation administration
 
Incentives - compensation management - Manu Melwin Joy
Incentives -  compensation management - Manu Melwin JoyIncentives -  compensation management - Manu Melwin Joy
Incentives - compensation management - Manu Melwin Joy
 
Compensation and incentive plan
Compensation and incentive planCompensation and incentive plan
Compensation and incentive plan
 
Monetary or financial incentives - compensation management - Manu Melwin Joy
Monetary or financial incentives -  compensation management - Manu Melwin JoyMonetary or financial incentives -  compensation management - Manu Melwin Joy
Monetary or financial incentives - compensation management - Manu Melwin Joy
 
Pay system
Pay systemPay system
Pay system
 
Deependra summer internship report
Deependra summer internship reportDeependra summer internship report
Deependra summer internship report
 
NCV 3 New Venture Creation Hands-On Support Slide Show - Module1
NCV 3 New Venture Creation Hands-On Support Slide Show - Module1NCV 3 New Venture Creation Hands-On Support Slide Show - Module1
NCV 3 New Venture Creation Hands-On Support Slide Show - Module1
 
Compensation management
Compensation managementCompensation management
Compensation management
 
Compensation management
Compensation managementCompensation management
Compensation management
 
Compensation management
Compensation managementCompensation management
Compensation management
 
Compensation
CompensationCompensation
Compensation
 
basic factors to determining pay rates
basic factors to determining pay ratesbasic factors to determining pay rates
basic factors to determining pay rates
 
Compensation management in nepal
Compensation management in nepalCompensation management in nepal
Compensation management in nepal
 
compensation
compensationcompensation
compensation
 
Compansation determinant
Compansation determinantCompansation determinant
Compansation determinant
 

Similar to Balance sheet approach to compensation home countryhost count

CPI Worldview Religion BibliographyYou need at least 5 annotated.docx
CPI Worldview Religion BibliographyYou need at least 5 annotated.docxCPI Worldview Religion BibliographyYou need at least 5 annotated.docx
CPI Worldview Religion BibliographyYou need at least 5 annotated.docx
richardnorman90310
 
Vigor Source 4 27 09 Presentation
Vigor Source 4 27 09 PresentationVigor Source 4 27 09 Presentation
Vigor Source 4 27 09 Presentation
analyst_opsbiz
 
Total Well-Being Brochure
Total Well-Being BrochureTotal Well-Being Brochure
Total Well-Being Brochure
Madeline Dunn
 
Maverick presentation 2.0 light
Maverick presentation 2.0 lightMaverick presentation 2.0 light
Maverick presentation 2.0 light
SamiBel
 
Creating a sustainable funding plan that works
Creating a sustainable funding plan that worksCreating a sustainable funding plan that works
Creating a sustainable funding plan that works
NCVO - National Council for Voluntary Organisations
 
BITC CR Report 2016
BITC CR Report 2016BITC CR Report 2016
BITC CR Report 2016
Colm Bergin
 
UWWT Strategic Plan
UWWT Strategic PlanUWWT Strategic Plan
UWWT Strategic Plan
Scott Conger
 
Developing an Operating Budget for Extended Family, Inc. A Not-fo.docx
Developing an Operating Budget for Extended Family, Inc. A Not-fo.docxDeveloping an Operating Budget for Extended Family, Inc. A Not-fo.docx
Developing an Operating Budget for Extended Family, Inc. A Not-fo.docx
duketjoy27252
 
Capacity Building for Nonprofit Organizations
Capacity Building for Nonprofit OrganizationsCapacity Building for Nonprofit Organizations
Capacity Building for Nonprofit Organizations
California Community Foundation
 
Sector Partnerships: Learning to Work Together
Sector Partnerships: Learning to Work TogetherSector Partnerships: Learning to Work Together
Sector Partnerships: Learning to Work Together
Amy Rist
 
Health club business plan
Health club business planHealth club business plan
Health club business plan
Jaswinder Singh
 
Health Center Board Member May Training Dave Brown
Health Center Board Member May Training   Dave BrownHealth Center Board Member May Training   Dave Brown
Health Center Board Member May Training Dave Brown
David_Beacon
 
Ccf Sa Rfp Powerpoint Presentation
Ccf Sa Rfp Powerpoint PresentationCcf Sa Rfp Powerpoint Presentation
Ccf Sa Rfp Powerpoint Presentation
Urban Strategies
 
140128 ps-ritc final reference guide
140128 ps-ritc final reference guide140128 ps-ritc final reference guide
140128 ps-ritc final reference guide
RITCWA
 
Wbdc 2011 strategic plan
Wbdc 2011 strategic planWbdc 2011 strategic plan
Wbdc 2011 strategic plan
WBDC of Florida
 
A BRIEF ON CORPORATE WELLNESS
A BRIEF ON CORPORATE WELLNESSA BRIEF ON CORPORATE WELLNESS
A BRIEF ON CORPORATE WELLNESS
nutritionistrepublic
 
Week 5 Assignment - Strategic Financial AnalysisOverview.docx
Week 5 Assignment - Strategic Financial AnalysisOverview.docxWeek 5 Assignment - Strategic Financial AnalysisOverview.docx
Week 5 Assignment - Strategic Financial AnalysisOverview.docx
troutmanboris
 
Grant writing presentation
Grant writing presentationGrant writing presentation
Grant writing presentation
Global Kids
 
Precor Group Training Business Manual
Precor Group Training Business ManualPrecor Group Training Business Manual
Precor Group Training Business Manual
Precor
 
R. Diaz MHRM 2017
R. Diaz MHRM 2017R. Diaz MHRM 2017
R. Diaz MHRM 2017
Raquel Diaz
 

Similar to Balance sheet approach to compensation home countryhost count (20)

CPI Worldview Religion BibliographyYou need at least 5 annotated.docx
CPI Worldview Religion BibliographyYou need at least 5 annotated.docxCPI Worldview Religion BibliographyYou need at least 5 annotated.docx
CPI Worldview Religion BibliographyYou need at least 5 annotated.docx
 
Vigor Source 4 27 09 Presentation
Vigor Source 4 27 09 PresentationVigor Source 4 27 09 Presentation
Vigor Source 4 27 09 Presentation
 
Total Well-Being Brochure
Total Well-Being BrochureTotal Well-Being Brochure
Total Well-Being Brochure
 
Maverick presentation 2.0 light
Maverick presentation 2.0 lightMaverick presentation 2.0 light
Maverick presentation 2.0 light
 
Creating a sustainable funding plan that works
Creating a sustainable funding plan that worksCreating a sustainable funding plan that works
Creating a sustainable funding plan that works
 
BITC CR Report 2016
BITC CR Report 2016BITC CR Report 2016
BITC CR Report 2016
 
UWWT Strategic Plan
UWWT Strategic PlanUWWT Strategic Plan
UWWT Strategic Plan
 
Developing an Operating Budget for Extended Family, Inc. A Not-fo.docx
Developing an Operating Budget for Extended Family, Inc. A Not-fo.docxDeveloping an Operating Budget for Extended Family, Inc. A Not-fo.docx
Developing an Operating Budget for Extended Family, Inc. A Not-fo.docx
 
Capacity Building for Nonprofit Organizations
Capacity Building for Nonprofit OrganizationsCapacity Building for Nonprofit Organizations
Capacity Building for Nonprofit Organizations
 
Sector Partnerships: Learning to Work Together
Sector Partnerships: Learning to Work TogetherSector Partnerships: Learning to Work Together
Sector Partnerships: Learning to Work Together
 
Health club business plan
Health club business planHealth club business plan
Health club business plan
 
Health Center Board Member May Training Dave Brown
Health Center Board Member May Training   Dave BrownHealth Center Board Member May Training   Dave Brown
Health Center Board Member May Training Dave Brown
 
Ccf Sa Rfp Powerpoint Presentation
Ccf Sa Rfp Powerpoint PresentationCcf Sa Rfp Powerpoint Presentation
Ccf Sa Rfp Powerpoint Presentation
 
140128 ps-ritc final reference guide
140128 ps-ritc final reference guide140128 ps-ritc final reference guide
140128 ps-ritc final reference guide
 
Wbdc 2011 strategic plan
Wbdc 2011 strategic planWbdc 2011 strategic plan
Wbdc 2011 strategic plan
 
A BRIEF ON CORPORATE WELLNESS
A BRIEF ON CORPORATE WELLNESSA BRIEF ON CORPORATE WELLNESS
A BRIEF ON CORPORATE WELLNESS
 
Week 5 Assignment - Strategic Financial AnalysisOverview.docx
Week 5 Assignment - Strategic Financial AnalysisOverview.docxWeek 5 Assignment - Strategic Financial AnalysisOverview.docx
Week 5 Assignment - Strategic Financial AnalysisOverview.docx
 
Grant writing presentation
Grant writing presentationGrant writing presentation
Grant writing presentation
 
Precor Group Training Business Manual
Precor Group Training Business ManualPrecor Group Training Business Manual
Precor Group Training Business Manual
 
R. Diaz MHRM 2017
R. Diaz MHRM 2017R. Diaz MHRM 2017
R. Diaz MHRM 2017
 

More from ssuser454af01

The following pairs of co-morbid disorders and  a write 700 words .docx
The following pairs of co-morbid disorders and  a write 700 words .docxThe following pairs of co-morbid disorders and  a write 700 words .docx
The following pairs of co-morbid disorders and  a write 700 words .docx
ssuser454af01
 
The following is an access verification technique, listing several f.docx
The following is an access verification technique, listing several f.docxThe following is an access verification technique, listing several f.docx
The following is an access verification technique, listing several f.docx
ssuser454af01
 
The following discussion board post has to have a response. Please r.docx
The following discussion board post has to have a response. Please r.docxThe following discussion board post has to have a response. Please r.docx
The following discussion board post has to have a response. Please r.docx
ssuser454af01
 
The following information has been taken from the ledger accounts of.docx
The following information has been taken from the ledger accounts of.docxThe following information has been taken from the ledger accounts of.docx
The following information has been taken from the ledger accounts of.docx
ssuser454af01
 
The following attach files are my History Homewrok and Lecture Power.docx
The following attach files are my History Homewrok and Lecture Power.docxThe following attach files are my History Homewrok and Lecture Power.docx
The following attach files are my History Homewrok and Lecture Power.docx
ssuser454af01
 
The following is adapted from the work of Paul Martin Lester.In .docx
The following is adapted from the work of Paul Martin Lester.In .docxThe following is adapted from the work of Paul Martin Lester.In .docx
The following is adapted from the work of Paul Martin Lester.In .docx
ssuser454af01
 
The following article is related to deterring employee fraud within .docx
The following article is related to deterring employee fraud within .docxThe following article is related to deterring employee fraud within .docx
The following article is related to deterring employee fraud within .docx
ssuser454af01
 
The Five stages of ChangeBy Thursday, June 25, 2015, respond to .docx
The Five stages of ChangeBy Thursday, June 25, 2015, respond to .docxThe Five stages of ChangeBy Thursday, June 25, 2015, respond to .docx
The Five stages of ChangeBy Thursday, June 25, 2015, respond to .docx
ssuser454af01
 
The first step in understanding the behaviors that are associated wi.docx
The first step in understanding the behaviors that are associated wi.docxThe first step in understanding the behaviors that are associated wi.docx
The first step in understanding the behaviors that are associated wi.docx
ssuser454af01
 
The first one is due Sep 24 at 1100AMthe French-born Mexican jo.docx
The first one is due Sep 24 at 1100AMthe French-born Mexican jo.docxThe first one is due Sep 24 at 1100AMthe French-born Mexican jo.docx
The first one is due Sep 24 at 1100AMthe French-born Mexican jo.docx
ssuser454af01
 
The first part is a direct quote, copied word for word. Includ.docx
The first part is a direct quote, copied word for word. Includ.docxThe first part is a direct quote, copied word for word. Includ.docx
The first part is a direct quote, copied word for word. Includ.docx
ssuser454af01
 
The final research paper should be no less than 15 pages and in APA .docx
The final research paper should be no less than 15 pages and in APA .docxThe final research paper should be no less than 15 pages and in APA .docx
The final research paper should be no less than 15 pages and in APA .docx
ssuser454af01
 
The first one Description Pick a physical activity. Somethi.docx
The first one Description Pick a physical activity. Somethi.docxThe first one Description Pick a physical activity. Somethi.docx
The first one Description Pick a physical activity. Somethi.docx
ssuser454af01
 
The first column suggests traditional familyschool relationships an.docx
The first column suggests traditional familyschool relationships an.docxThe first column suggests traditional familyschool relationships an.docx
The first column suggests traditional familyschool relationships an.docx
ssuser454af01
 
The first president that I actually remembered was Jimmy Carter.  .docx
The first president that I actually remembered was Jimmy Carter.  .docxThe first president that I actually remembered was Jimmy Carter.  .docx
The first president that I actually remembered was Jimmy Carter.  .docx
ssuser454af01
 
The final project for this course is the creation of a conceptual mo.docx
The final project for this course is the creation of a conceptual mo.docxThe final project for this course is the creation of a conceptual mo.docx
The final project for this course is the creation of a conceptual mo.docx
ssuser454af01
 
The finance department of a large corporation has evaluated a possib.docx
The finance department of a large corporation has evaluated a possib.docxThe finance department of a large corporation has evaluated a possib.docx
The finance department of a large corporation has evaluated a possib.docx
ssuser454af01
 
The Final Paper must have depth of scholarship, originality, theoret.docx
The Final Paper must have depth of scholarship, originality, theoret.docxThe Final Paper must have depth of scholarship, originality, theoret.docx
The Final Paper must have depth of scholarship, originality, theoret.docx
ssuser454af01
 
The Final exam primarily covers the areas of the hydrosphere, the bi.docx
The Final exam primarily covers the areas of the hydrosphere, the bi.docxThe Final exam primarily covers the areas of the hydrosphere, the bi.docx
The Final exam primarily covers the areas of the hydrosphere, the bi.docx
ssuser454af01
 
The Final Paper must be 8 pages (not including title and reference p.docx
The Final Paper must be 8 pages (not including title and reference p.docxThe Final Paper must be 8 pages (not including title and reference p.docx
The Final Paper must be 8 pages (not including title and reference p.docx
ssuser454af01
 

More from ssuser454af01 (20)

The following pairs of co-morbid disorders and  a write 700 words .docx
The following pairs of co-morbid disorders and  a write 700 words .docxThe following pairs of co-morbid disorders and  a write 700 words .docx
The following pairs of co-morbid disorders and  a write 700 words .docx
 
The following is an access verification technique, listing several f.docx
The following is an access verification technique, listing several f.docxThe following is an access verification technique, listing several f.docx
The following is an access verification technique, listing several f.docx
 
The following discussion board post has to have a response. Please r.docx
The following discussion board post has to have a response. Please r.docxThe following discussion board post has to have a response. Please r.docx
The following discussion board post has to have a response. Please r.docx
 
The following information has been taken from the ledger accounts of.docx
The following information has been taken from the ledger accounts of.docxThe following information has been taken from the ledger accounts of.docx
The following information has been taken from the ledger accounts of.docx
 
The following attach files are my History Homewrok and Lecture Power.docx
The following attach files are my History Homewrok and Lecture Power.docxThe following attach files are my History Homewrok and Lecture Power.docx
The following attach files are my History Homewrok and Lecture Power.docx
 
The following is adapted from the work of Paul Martin Lester.In .docx
The following is adapted from the work of Paul Martin Lester.In .docxThe following is adapted from the work of Paul Martin Lester.In .docx
The following is adapted from the work of Paul Martin Lester.In .docx
 
The following article is related to deterring employee fraud within .docx
The following article is related to deterring employee fraud within .docxThe following article is related to deterring employee fraud within .docx
The following article is related to deterring employee fraud within .docx
 
The Five stages of ChangeBy Thursday, June 25, 2015, respond to .docx
The Five stages of ChangeBy Thursday, June 25, 2015, respond to .docxThe Five stages of ChangeBy Thursday, June 25, 2015, respond to .docx
The Five stages of ChangeBy Thursday, June 25, 2015, respond to .docx
 
The first step in understanding the behaviors that are associated wi.docx
The first step in understanding the behaviors that are associated wi.docxThe first step in understanding the behaviors that are associated wi.docx
The first step in understanding the behaviors that are associated wi.docx
 
The first one is due Sep 24 at 1100AMthe French-born Mexican jo.docx
The first one is due Sep 24 at 1100AMthe French-born Mexican jo.docxThe first one is due Sep 24 at 1100AMthe French-born Mexican jo.docx
The first one is due Sep 24 at 1100AMthe French-born Mexican jo.docx
 
The first part is a direct quote, copied word for word. Includ.docx
The first part is a direct quote, copied word for word. Includ.docxThe first part is a direct quote, copied word for word. Includ.docx
The first part is a direct quote, copied word for word. Includ.docx
 
The final research paper should be no less than 15 pages and in APA .docx
The final research paper should be no less than 15 pages and in APA .docxThe final research paper should be no less than 15 pages and in APA .docx
The final research paper should be no less than 15 pages and in APA .docx
 
The first one Description Pick a physical activity. Somethi.docx
The first one Description Pick a physical activity. Somethi.docxThe first one Description Pick a physical activity. Somethi.docx
The first one Description Pick a physical activity. Somethi.docx
 
The first column suggests traditional familyschool relationships an.docx
The first column suggests traditional familyschool relationships an.docxThe first column suggests traditional familyschool relationships an.docx
The first column suggests traditional familyschool relationships an.docx
 
The first president that I actually remembered was Jimmy Carter.  .docx
The first president that I actually remembered was Jimmy Carter.  .docxThe first president that I actually remembered was Jimmy Carter.  .docx
The first president that I actually remembered was Jimmy Carter.  .docx
 
The final project for this course is the creation of a conceptual mo.docx
The final project for this course is the creation of a conceptual mo.docxThe final project for this course is the creation of a conceptual mo.docx
The final project for this course is the creation of a conceptual mo.docx
 
The finance department of a large corporation has evaluated a possib.docx
The finance department of a large corporation has evaluated a possib.docxThe finance department of a large corporation has evaluated a possib.docx
The finance department of a large corporation has evaluated a possib.docx
 
The Final Paper must have depth of scholarship, originality, theoret.docx
The Final Paper must have depth of scholarship, originality, theoret.docxThe Final Paper must have depth of scholarship, originality, theoret.docx
The Final Paper must have depth of scholarship, originality, theoret.docx
 
The Final exam primarily covers the areas of the hydrosphere, the bi.docx
The Final exam primarily covers the areas of the hydrosphere, the bi.docxThe Final exam primarily covers the areas of the hydrosphere, the bi.docx
The Final exam primarily covers the areas of the hydrosphere, the bi.docx
 
The Final Paper must be 8 pages (not including title and reference p.docx
The Final Paper must be 8 pages (not including title and reference p.docxThe Final Paper must be 8 pages (not including title and reference p.docx
The Final Paper must be 8 pages (not including title and reference p.docx
 

Recently uploaded

Présentationvvvvvvvvvvvvvvvvvvvvvvvvvvvv2.pptx
Présentationvvvvvvvvvvvvvvvvvvvvvvvvvvvv2.pptxPrésentationvvvvvvvvvvvvvvvvvvvvvvvvvvvv2.pptx
Présentationvvvvvvvvvvvvvvvvvvvvvvvvvvvv2.pptx
siemaillard
 
A Free 200-Page eBook ~ Brain and Mind Exercise.pptx
A Free 200-Page eBook ~ Brain and Mind Exercise.pptxA Free 200-Page eBook ~ Brain and Mind Exercise.pptx
A Free 200-Page eBook ~ Brain and Mind Exercise.pptx
OH TEIK BIN
 
CHUYÊN ĐỀ ÔN TẬP VÀ PHÁT TRIỂN CÂU HỎI TRONG ĐỀ MINH HỌA THI TỐT NGHIỆP THPT ...
CHUYÊN ĐỀ ÔN TẬP VÀ PHÁT TRIỂN CÂU HỎI TRONG ĐỀ MINH HỌA THI TỐT NGHIỆP THPT ...CHUYÊN ĐỀ ÔN TẬP VÀ PHÁT TRIỂN CÂU HỎI TRONG ĐỀ MINH HỌA THI TỐT NGHIỆP THPT ...
CHUYÊN ĐỀ ÔN TẬP VÀ PHÁT TRIỂN CÂU HỎI TRONG ĐỀ MINH HỌA THI TỐT NGHIỆP THPT ...
Nguyen Thanh Tu Collection
 
How Barcodes Can Be Leveraged Within Odoo 17
How Barcodes Can Be Leveraged Within Odoo 17How Barcodes Can Be Leveraged Within Odoo 17
How Barcodes Can Be Leveraged Within Odoo 17
Celine George
 
THE SACRIFICE HOW PRO-PALESTINE PROTESTS STUDENTS ARE SACRIFICING TO CHANGE T...
THE SACRIFICE HOW PRO-PALESTINE PROTESTS STUDENTS ARE SACRIFICING TO CHANGE T...THE SACRIFICE HOW PRO-PALESTINE PROTESTS STUDENTS ARE SACRIFICING TO CHANGE T...
THE SACRIFICE HOW PRO-PALESTINE PROTESTS STUDENTS ARE SACRIFICING TO CHANGE T...
indexPub
 
How to Fix [Errno 98] address already in use
How to Fix [Errno 98] address already in useHow to Fix [Errno 98] address already in use
How to Fix [Errno 98] address already in use
Celine George
 
Philippine Edukasyong Pantahanan at Pangkabuhayan (EPP) Curriculum
Philippine Edukasyong Pantahanan at Pangkabuhayan (EPP) CurriculumPhilippine Edukasyong Pantahanan at Pangkabuhayan (EPP) Curriculum
Philippine Edukasyong Pantahanan at Pangkabuhayan (EPP) Curriculum
MJDuyan
 
RESULTS OF THE EVALUATION QUESTIONNAIRE.pptx
RESULTS OF THE EVALUATION QUESTIONNAIRE.pptxRESULTS OF THE EVALUATION QUESTIONNAIRE.pptx
RESULTS OF THE EVALUATION QUESTIONNAIRE.pptx
zuzanka
 
CapTechTalks Webinar Slides June 2024 Donovan Wright.pptx
CapTechTalks Webinar Slides June 2024 Donovan Wright.pptxCapTechTalks Webinar Slides June 2024 Donovan Wright.pptx
CapTechTalks Webinar Slides June 2024 Donovan Wright.pptx
CapitolTechU
 
REASIGNACION 2024 UGEL CHUPACA 2024 UGEL CHUPACA.pdf
REASIGNACION 2024 UGEL CHUPACA 2024 UGEL CHUPACA.pdfREASIGNACION 2024 UGEL CHUPACA 2024 UGEL CHUPACA.pdf
REASIGNACION 2024 UGEL CHUPACA 2024 UGEL CHUPACA.pdf
giancarloi8888
 
How to Predict Vendor Bill Product in Odoo 17
How to Predict Vendor Bill Product in Odoo 17How to Predict Vendor Bill Product in Odoo 17
How to Predict Vendor Bill Product in Odoo 17
Celine George
 
Standardized tool for Intelligence test.
Standardized tool for Intelligence test.Standardized tool for Intelligence test.
Standardized tool for Intelligence test.
deepaannamalai16
 
Educational Technology in the Health Sciences
Educational Technology in the Health SciencesEducational Technology in the Health Sciences
Educational Technology in the Health Sciences
Iris Thiele Isip-Tan
 
A Visual Guide to 1 Samuel | A Tale of Two Hearts
A Visual Guide to 1 Samuel | A Tale of Two HeartsA Visual Guide to 1 Samuel | A Tale of Two Hearts
A Visual Guide to 1 Samuel | A Tale of Two Hearts
Steve Thomason
 
Leveraging Generative AI to Drive Nonprofit Innovation
Leveraging Generative AI to Drive Nonprofit InnovationLeveraging Generative AI to Drive Nonprofit Innovation
Leveraging Generative AI to Drive Nonprofit Innovation
TechSoup
 
Temple of Asclepius in Thrace. Excavation results
Temple of Asclepius in Thrace. Excavation resultsTemple of Asclepius in Thrace. Excavation results
Temple of Asclepius in Thrace. Excavation results
Krassimira Luka
 
BÀI TẬP BỔ TRỢ TIẾNG ANH LỚP 8 - CẢ NĂM - FRIENDS PLUS - NĂM HỌC 2023-2024 (B...
BÀI TẬP BỔ TRỢ TIẾNG ANH LỚP 8 - CẢ NĂM - FRIENDS PLUS - NĂM HỌC 2023-2024 (B...BÀI TẬP BỔ TRỢ TIẾNG ANH LỚP 8 - CẢ NĂM - FRIENDS PLUS - NĂM HỌC 2023-2024 (B...
BÀI TẬP BỔ TRỢ TIẾNG ANH LỚP 8 - CẢ NĂM - FRIENDS PLUS - NĂM HỌC 2023-2024 (B...
Nguyen Thanh Tu Collection
 
Accounting for Restricted Grants When and How To Record Properly
Accounting for Restricted Grants  When and How To Record ProperlyAccounting for Restricted Grants  When and How To Record Properly
Accounting for Restricted Grants When and How To Record Properly
TechSoup
 
مصحف القراءات العشر أعد أحرف الخلاف سمير بسيوني.pdf
مصحف القراءات العشر   أعد أحرف الخلاف سمير بسيوني.pdfمصحف القراءات العشر   أعد أحرف الخلاف سمير بسيوني.pdf
مصحف القراءات العشر أعد أحرف الخلاف سمير بسيوني.pdf
سمير بسيوني
 
CIS 4200-02 Group 1 Final Project Report (1).pdf
CIS 4200-02 Group 1 Final Project Report (1).pdfCIS 4200-02 Group 1 Final Project Report (1).pdf
CIS 4200-02 Group 1 Final Project Report (1).pdf
blueshagoo1
 

Recently uploaded (20)

Présentationvvvvvvvvvvvvvvvvvvvvvvvvvvvv2.pptx
Présentationvvvvvvvvvvvvvvvvvvvvvvvvvvvv2.pptxPrésentationvvvvvvvvvvvvvvvvvvvvvvvvvvvv2.pptx
Présentationvvvvvvvvvvvvvvvvvvvvvvvvvvvv2.pptx
 
A Free 200-Page eBook ~ Brain and Mind Exercise.pptx
A Free 200-Page eBook ~ Brain and Mind Exercise.pptxA Free 200-Page eBook ~ Brain and Mind Exercise.pptx
A Free 200-Page eBook ~ Brain and Mind Exercise.pptx
 
CHUYÊN ĐỀ ÔN TẬP VÀ PHÁT TRIỂN CÂU HỎI TRONG ĐỀ MINH HỌA THI TỐT NGHIỆP THPT ...
CHUYÊN ĐỀ ÔN TẬP VÀ PHÁT TRIỂN CÂU HỎI TRONG ĐỀ MINH HỌA THI TỐT NGHIỆP THPT ...CHUYÊN ĐỀ ÔN TẬP VÀ PHÁT TRIỂN CÂU HỎI TRONG ĐỀ MINH HỌA THI TỐT NGHIỆP THPT ...
CHUYÊN ĐỀ ÔN TẬP VÀ PHÁT TRIỂN CÂU HỎI TRONG ĐỀ MINH HỌA THI TỐT NGHIỆP THPT ...
 
How Barcodes Can Be Leveraged Within Odoo 17
How Barcodes Can Be Leveraged Within Odoo 17How Barcodes Can Be Leveraged Within Odoo 17
How Barcodes Can Be Leveraged Within Odoo 17
 
THE SACRIFICE HOW PRO-PALESTINE PROTESTS STUDENTS ARE SACRIFICING TO CHANGE T...
THE SACRIFICE HOW PRO-PALESTINE PROTESTS STUDENTS ARE SACRIFICING TO CHANGE T...THE SACRIFICE HOW PRO-PALESTINE PROTESTS STUDENTS ARE SACRIFICING TO CHANGE T...
THE SACRIFICE HOW PRO-PALESTINE PROTESTS STUDENTS ARE SACRIFICING TO CHANGE T...
 
How to Fix [Errno 98] address already in use
How to Fix [Errno 98] address already in useHow to Fix [Errno 98] address already in use
How to Fix [Errno 98] address already in use
 
Philippine Edukasyong Pantahanan at Pangkabuhayan (EPP) Curriculum
Philippine Edukasyong Pantahanan at Pangkabuhayan (EPP) CurriculumPhilippine Edukasyong Pantahanan at Pangkabuhayan (EPP) Curriculum
Philippine Edukasyong Pantahanan at Pangkabuhayan (EPP) Curriculum
 
RESULTS OF THE EVALUATION QUESTIONNAIRE.pptx
RESULTS OF THE EVALUATION QUESTIONNAIRE.pptxRESULTS OF THE EVALUATION QUESTIONNAIRE.pptx
RESULTS OF THE EVALUATION QUESTIONNAIRE.pptx
 
CapTechTalks Webinar Slides June 2024 Donovan Wright.pptx
CapTechTalks Webinar Slides June 2024 Donovan Wright.pptxCapTechTalks Webinar Slides June 2024 Donovan Wright.pptx
CapTechTalks Webinar Slides June 2024 Donovan Wright.pptx
 
REASIGNACION 2024 UGEL CHUPACA 2024 UGEL CHUPACA.pdf
REASIGNACION 2024 UGEL CHUPACA 2024 UGEL CHUPACA.pdfREASIGNACION 2024 UGEL CHUPACA 2024 UGEL CHUPACA.pdf
REASIGNACION 2024 UGEL CHUPACA 2024 UGEL CHUPACA.pdf
 
How to Predict Vendor Bill Product in Odoo 17
How to Predict Vendor Bill Product in Odoo 17How to Predict Vendor Bill Product in Odoo 17
How to Predict Vendor Bill Product in Odoo 17
 
Standardized tool for Intelligence test.
Standardized tool for Intelligence test.Standardized tool for Intelligence test.
Standardized tool for Intelligence test.
 
Educational Technology in the Health Sciences
Educational Technology in the Health SciencesEducational Technology in the Health Sciences
Educational Technology in the Health Sciences
 
A Visual Guide to 1 Samuel | A Tale of Two Hearts
A Visual Guide to 1 Samuel | A Tale of Two HeartsA Visual Guide to 1 Samuel | A Tale of Two Hearts
A Visual Guide to 1 Samuel | A Tale of Two Hearts
 
Leveraging Generative AI to Drive Nonprofit Innovation
Leveraging Generative AI to Drive Nonprofit InnovationLeveraging Generative AI to Drive Nonprofit Innovation
Leveraging Generative AI to Drive Nonprofit Innovation
 
Temple of Asclepius in Thrace. Excavation results
Temple of Asclepius in Thrace. Excavation resultsTemple of Asclepius in Thrace. Excavation results
Temple of Asclepius in Thrace. Excavation results
 
BÀI TẬP BỔ TRỢ TIẾNG ANH LỚP 8 - CẢ NĂM - FRIENDS PLUS - NĂM HỌC 2023-2024 (B...
BÀI TẬP BỔ TRỢ TIẾNG ANH LỚP 8 - CẢ NĂM - FRIENDS PLUS - NĂM HỌC 2023-2024 (B...BÀI TẬP BỔ TRỢ TIẾNG ANH LỚP 8 - CẢ NĂM - FRIENDS PLUS - NĂM HỌC 2023-2024 (B...
BÀI TẬP BỔ TRỢ TIẾNG ANH LỚP 8 - CẢ NĂM - FRIENDS PLUS - NĂM HỌC 2023-2024 (B...
 
Accounting for Restricted Grants When and How To Record Properly
Accounting for Restricted Grants  When and How To Record ProperlyAccounting for Restricted Grants  When and How To Record Properly
Accounting for Restricted Grants When and How To Record Properly
 
مصحف القراءات العشر أعد أحرف الخلاف سمير بسيوني.pdf
مصحف القراءات العشر   أعد أحرف الخلاف سمير بسيوني.pdfمصحف القراءات العشر   أعد أحرف الخلاف سمير بسيوني.pdf
مصحف القراءات العشر أعد أحرف الخلاف سمير بسيوني.pdf
 
CIS 4200-02 Group 1 Final Project Report (1).pdf
CIS 4200-02 Group 1 Final Project Report (1).pdfCIS 4200-02 Group 1 Final Project Report (1).pdf
CIS 4200-02 Group 1 Final Project Report (1).pdf
 

Balance sheet approach to compensation home countryhost count

  • 1. Balance Sheet Approach to Compensation Home Country Host Country Base salary 140,000 140,000 Housing allowance 12,000 18,000 (housing is more expensive in host country) Health insurance 15,000 10,000 (insurance is cheaper in host country) Contribution to 401 K 14,000 14,000 Vehicle allowance 10,000 14,000 (vehicle is more expensive in host country) School tuition for children NA 30,000 Yearly return to home country NA 5,000 Income taxes 30% = 42,000 40% = 56,000 Overseas premium NA 15% = 21,000 Total cost of employee 233,000 308,000
  • 2. Distinguish national and global culture and the impact they have on the globalized workforce in order to contribute to human resource practices across countries and cultures Analyze and assess global human resource policies, practices, and functions in order to meet an organization's goals and objectives while maintaining the values and traditions of the local culture. The management team has now hired 4 managers, who are PCNs (parent country nationals). Now they need to figure out how to develop a compensation plan that is aligned with the company’s compensation but also takes into consideration the host country’s financial situation. You are asked to: A. Put together a compensation plan along with a balance sheet (see example I week 5). Assume that the base salary of a manager in the U.S. is $5500 a month. You may need to do some additional research to find out what taxes are in Florence, what is a typical housing allowance, and cost of living. Your balance sheet should reflect monthly amounts. B.List the top three benefits that should be offered to the expatriate. Explain why you chose these as the most important. Make sure the cost is included in your balance sheet. Review the Balance Sheet Approach to Compensation in the course file “Global Compensation” in week 5. Background: Fit 4 Life is a fitness chain throughout the United States. They recently decided to open up four new gyms in Florence, Italy,
  • 3. with the objective of growing the organization globally and establishing an international presence. The premise of Fit 4 Life’s strategy is that clients use gyms as a social event. They promote clubs, small groups and large events throughout the month to encourage clients to come together socially as well as to work out. Each club has a general manager and 3-5 fitness instructors who provide support for the clients and the events. The organization has decided to use this expansion as a pilot project and if all goes well, they will consider spreading out across Europe and South America. This is a strategic endeavor, so it is important that the organization finds an effective formula to operate successfully in the global arena. The organization has hired you to provide consultation on how they should proceed.