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

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!)

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.

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

"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/

		Jacque Vilet Vilet International View Profile