When designing a compensation system for an organization, it is
important to have a compensation philosophy which serves as a
framework for making decisions about various components of the
system.
Tasks:
One question to be addressed is how can your compensation
program help the organization be successful (e.g., be able to
attract and retain talented workers needed to be competitive in the
marketplace)?
Some options for consideration include:
Being an “employer of choice” in the industry
Offering top salaries
Putting...
Why is it important for an international firm to develop and
maintain an effective accounting system? What accounting issues are
faced by firms with subsidiaries in multiple countries? How can
these problems be addressed?