ADM 3337 Lecture Notes - Lecture 11: Femininity, Masculinity, Globalization
20 Apr 2016
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Recognize variations (differences in similarities) and figure out how to best manage them. 4 general factors that apply to both domestic and international: economic, institutional, organizational, employee characteristics. Employment relationship is between: individuals, employers, gov"t, enterprise owners, all employees (unions) Understanding of the social contract in that country. Level of collective wage bargaining: highly centralized: us, uk, poland, hungary, czech republic, moderately centralized (industry sector): germany, italy, netherlands, sweden, highly centralized (national pay system): belgium, finland, ireland. Some countries are highly unionized (i. e. , sweden = 71%) Pay can be set by collective agreements, even without being union members. Unlike in canada, direct stock ownership in many countries in the world isn"t possible. Degree of discretion managers have to make the choices that make total compensation a strategic tool. Corporate policies from the home country corporate offices can limit managerial autonomy. Companies use cost comparisons in adjusting pay for employees who transfer between countries.
