Wolfgang - International Human Resource Management

INTERNATIONAL HUMAN RESOURCE MANAGEMENT

GROUP ASSIGNMENT ESSAY

GROUP MEMBERS:

KEAN KAH, TAN

NG WEE CHIANG, BRIAN

JIA TONG, JTAIME MOK

EUNICE TEO

DATE SUBMITTED: 24 JUNE 2017

SUBMITTED TO: JEFFREY KWEK THU KUANG

CONTENTS

Introduction______________________________________________________________        Page 2

STANDARDIZATION VS LOCAL RESPONSIVENESS OF COMPENSATION SYSTEMS

Review of existing pay elements across the T account____________________________        Page 3

Review of existing practices from the T-account_________________________________        Page 3

Recommendations of new planned weights (%) to existing elements of the pay system_        Page 4

JOB-BASED VS COMPETENCY-BASED COMPENSATION

To establish ways to communicate to the geographically dispersed executives the

need to acquire and maintain those management competencies that have been

defined in the Competency set (in Folder 3)____________________________________        Page 5

Would a purely competency-based system be somehow more flexible?______________        Page 5

The standardization Healthcare has just achieved through job descriptions across units?        Page 6

Using the three competency-based categories and use them to develop a series of

measurable and behavioural indicators to be used to assess an executive’s contributions

to Healthcare_____________________________________________________________        Page 7

The behavioural indicators to be customized to local (regional) contexts_____________        Page 7

Process to ensure a balance of organizational standardization and local relevance _____        Page 7

Conclusion_______________________________________________________________        Page 9

Appendices______________________________________________________________        Page 10

References_______________________________________________________________        Page 13

INTRODUCTION

The global economy is characterised by the presence of multinational companies, which tend to have a presence in more than two countries (Boxal & Purcell 2015, p. 271). Even with the growth of multinational companies, and the number of expatriates and locals working in these institutions, it is essential to consider the role that Human Resource Management plays, in the global business arena.