GR7 - International Total Remuneration

Course details

Course Objectives

Examine why companies globalize and the impact of it

• Identify cultural issues and influences that affect the design and delivery of global rewards
• Discover primary similarities and differences when developing a compensation/remuneration strategy
• Gain an overview of benefits in different regions that may serve as a starting point for developing a global benefits strategy
• Explore work-life, performance & recognition, and development & career opportunities and their effect on attraction, motivation and retention throughout the world
• Learn approaches and issues associated with managing international assignments
• Discuss emerging marketing trends and the future of global rewards

This basic-level course offers an overview of total remuneration and its role within global organizations. It includes summaries of national remuneration practices in various countries and regions of the world, a discussion of expatriate pay strategies, an analysis of the differing influence of governments on remuneration practices and the role of remuneration within the overall global management of human resources.

Course Outline

• Globalization, Remuneration and Total Rewards
• Influences on Reward Systems
• Global Compensation Practices
• Global Benefits Practices
• Work-Life, Performance and Recognition,Development and Career Opportunities
• Managing International Assignments
• Cross-Border Mergers and Acquisitions
• The Future of Global Rewards

Who Should Attend

This course is recommended for HR generalists and specialists from all functions seeking a broad understanding of total remuneration policy and practices around the world. It serves as an overview of global practices in total remun–eration. It also serves as an introduction to global strategy. This program is beneficial for human resources & C&B professionals, finance and management staff who are responsible for their multinational organization’s compensation/remuneration programs.