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I Need A Comp Plan for a New Country! I Don’t Know What To Do!

Topic:
I Need A Comp Plan for a New Country! I Don’t Know What To Do!
Date:
September 10, 2012 at 1:30 - 2:30 PM ET
Presenters:
Jacque Vilet, consultant(Vilet International)
webcastImgVirtual
Description
This session is focused on how to set up a compensation program in a foreign country when a company has never had operations overseas before. It includes advice/information on:

1) Need to understand country labor/employment laws
2) Need to understand any cultural issues that might impact how you design your compensation plans
3) Understand what is “legal” versus what is “common practice”
4) Need to understand the local competitive market --- your competitors, unemployment rate, supply of the type of talent you need, etc.
5) How to select the best survey for the new country
6) How to navigate difficulties in using surveys
7) What is included in “base salary” and why
8) What corporate compensation decisions need to be made:
• Pay-for-performance
• Recognition awards for performance or seniority
• Individual or group bonus
• Whether pay position must be the same as U.S. or be competitive in the local market
• Whether salary structures should have the same local job grade as corporate or follow local market
• Whether bonus eligible jobs should be the same as corporate or be competitive with local market
9) How to develop a merit budget
10) The need to educate corporate management on the need for using different compensation design, plans and policies in the new overseas country versus overlaying corporate plans

This session is a very practical guide for HR people that are in the beginning stages of learning how to deal with international HR issues. The information provided will give HR 90% of what they will need to know for actually putting a new program in place. (The extra 10% allows for any surprises that cannot be anticipated!)

Who Should Participate
A specific HR job title, level and/or length of compensation experience are not relevant to attend this session. This session is geared towards HR people that have never experienced developing a compensation program for a country outside the U.S. It is also meant for HR people who work for a company with no overseas operations itself, but has just acquired a company that does have overseas operations. If you have never had any HR experience in working with international compensation issues --- this session is for you.
What You Will Learn
The intent of this session is for participants to come away with the following information on: * Understanding the local market * Understanding local labor/employment laws * Understanding cultural issues * Integration of new plan with Corporate Compensation
Recommended Resources
"Competitive? It's All Relative" http://www.internationalhrforum.com/2010/09/30/competitive-it%e2%80%99s-all%c2%a0relative/ "Let's See: Should It Be Pesoes, Rupees, Yen or Euros"? http://www.compensationcafe.com/2011/09/lets-see-should-it-be-euros-pesos-yen-rupees.html Employment Law Alliance (register, it's free) http://www.employmentlawalliance.com/
Communities
Compensation
Legal and Compliance - Managing Employer Risk
Benefits and Compensation Law
Compensation Planning and Management
Pay Equity
Job analysis, Evaluation and Grading
Severance pay
Pay Strategies
Compliance in Compensation Management
Salary Survey Planning and Management
Pay for Performance Planning and Management
Compensation Surveys
Variable Pay
Base Pay
Presented by
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speaker spacer
Jacque Vilet
Vilet International

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Event Sponsors
Vilet International
Vilet International provides creative and cost-effective solutions for your international human resources needs.
File List
Feedback
Name Comment Rating
Image of Lisa Hodges Lisa Hodges
Self Employed
3 / 5
Good Presentation
Image of Barbara Barry Barbara Barry
Benefits Consultant
5 / 5
Excellent Presentation
3 / 5
Good Presentation
Image of Tanicia Banks Tanicia Banks
Medifit Corporate Services
5 / 5
Excellent Presentation
Image of Andrea Robinson Andrea Robinson
Wells Fargo & Company
5 / 5
Excellent Presentation
Image of Michael Strand Michael Strand
HR Dynamics, Inc.
4 / 5
Very Good Presentation
Image of Jill Mann Jill Mann
Siemens Corporation
4 / 5
Very Good Presentation
Image of Tabatha Williams Tabatha Williams
Imageon Consulting
4 / 5
Very Good Presentation
Image of Noam Kroll Noam Kroll
KrollConsultants Ltd.
3 / 5
Good Presentation
Image of Aaron Van Lauwe Aaron Van Lauwe
Trinity Regional Health System
4 / 5
Very Good Presentation
Image of Jenny Williams Jenny Williams
Memorial Health
4 / 5
Very Good Presentation
4 / 5
Very Good Presentation
Image of Nanette Soto Nanette Soto
Strategic Outsourcing, Inc.
4 / 5
Very Good Presentation
Image of Noelle McDowell Noelle McDowell
Self Employed
5 / 5
Excellent Presentation
3 / 5
Good Presentation
Image of Rajashree Basu Rajashree Basu
Unemployed
5 / 5
Excellent Presentation
3 / 5
Good Presentation
Image of beverly dance beverly dance
Dance Associates
5 / 5
Excellent Presentation
Image of Jeanine Powell Jeanine Powell
Remke Markets Incorporated
5 / 5
Excellent Presentation
3 / 5
Good Presentation
Image of Thalia Himes Thalia Himes
Managed Pressure Operations LLC
4 / 5
Very Good Presentation
Image of Rebecca Johnson Rebecca Johnson
Wells Fargo & Company
5 / 5
Excellent Presentation
Image of Nanci E Lamborn, SPHR Nanci E Lamborn, SPHR
eVestment Alliance
I tried to visit the presenter's website but it appears to be down. Where can I get more information? 4 / 5
Very Good Presentation
Image of Baruch Marmor Baruch Marmor
B.M. SQA Consulting
The overlapping is bad for me - I am a cosultanl and want to perticipate in life presentations. - Ihave Qs in life 3 / 5
Good Presentation

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