Suppose you work for the HR department at a multinational company. Your company recently decides to...

Suppose you work for the HR department at a multinational company. Your company recently decides to send managers to the following 4 countries: Japan, England, Hong Kong, and Mexico. Your team is asked to suggest potential candidates and formulate a compensation policy for the expatriate managers. Furthermore, you need to provide training for the expatriate managers.

What do you see the main HR-related challenges when sending managers overseas?

How would you choose potential managers for each country? Why?

What are the 3 most important things in formulating a compensation policy?

What kind of training will you provide?

Solutions

Expert Solution

1.Compensation policy for managers
Compensation policy would include following categories
Project bonus: On successful completion of a particular project along with his team members, project bonus would be awarded only to the manager.
Retention bonus: Annually some bonus would be provided as a retention bonus in order to retain the manager
Profit sharing plan: By providing stock options profit would be shared with managers.
Annual incentive plan: The manager would be rewarded on accomplishing certain task assigned to him.

2. Training for the managers
Training associated with the cultural factors of a particular company.
Manager should be made aware of do's and don'ts of the particular culture, body language in the particular country and what it indicates, general rules followed by the country,etc
And basic motivation training and training related to particular field of the organisation an introduction of the mission and vision of the organisation which the managers have to keep in mind while accomplishing various projects.
Training related to legal aspects of the particular country.

3.For each country manager should be selected according to the personal traits that are in congruence with the culture of a particular country. And also the knowledge of the language in the particular country would be given preference for selection of the managers.

4.Three most important components of the compensation plan
Profit sharing
Basic pay
Incentive and bonus

keosha answered 10 months ago

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