Organization’s total reward system

organization’s total reward system

Imagine that you are the Human Resource Leader for a multinational company with operations in China, Vietnam, the Middle East, the U.S., and Canada: producing, shipping, and selling IT hardware products.

In a 2-3 page paper:

1. Explain how you would construct your organization’s total reward system (compensation and benefits) to address factors such as
Legal mandates in some countries for particular benefits (e.g. health insurance, retirement, travel allowance, just to name few examples)
2. Create equity among all nationals in respect to pay and cost of living
3. Accommodating the use of expatriates to make sure your organization’s performance is aligned with achieving organizational profit targets
Please use two references and APA format!

………………….Answer preview…………………

Any goal oriented company needs to have an elaborate reward system that not only compensates the workers for their input to the organization, but also motivates them to work to the improvement of quality of service. An efficient reward system is a good tool for reward and control in any given organization (Flamholtz, 2012). A multinational company must go a step further in creating the ideal system since it must consider factors that vary from one country to another. Different countries have different legal mandates and, therefore, remuneration of employees in the different countries should ensure equality and fairness across all employee levels. Failure to ensure such equality may make some employees feel less motivated to perform their duties………………………………

APA

606 words