International compensation in International Human Resource Management

The following discussion agenda is on International compensation in International Human Resource Management (IHRM):

1. International compensation objectives
2. Main components of an international compensation program
• Base salary
• Foreign service hardship premium
• Allowances
• Benefits
3. Approaches to international compensation
• The going rate approach
• The balance sheet approach
4. Taxation considerations
5. International living costs data
6. Differentiating between Parent Country Nationals (PCNs) and Third Country Nationals (TCNs)
7. Complexity in global pay

Reference
Dowling, P.J., Festing, M., and Engle, Sr., A.D. (2008) "Chapter 7: International compensation" in International Human Resource Management, Thomson.