COMPLETE PART 2 in the attached CASE STUDY
(Part one is in a file below to review which goes with this assignment)
Use the balance sheet provided.
You must
• Distinguish national and global culture and the impact they have on the globalized
workforce in order to contribute to human resource practices across countries and cultures
• Analyze and assess global human resource policies, practices, and functions in order to
meet an organization’s goals and objectives while maintaining the values and traditions of
the local culture
The management team has now hired 4 managers, who are PCNs (parent country nationals).
Now they need to figure out how to develop a compensation plan that is aligned with the
company’s compensation but also takes into consideration the host country’s financial
situation. You are asked to:
a. Put together a compensation plan along with a balance sheet (see example I week 5).
Assume that the base salary of a manager in the U.S. is $5500 a month. You may need to
do some additional research to find out what taxes are in Florence, what is a typical
housing allowance, and cost of living. Your balance sheet should reflect monthly
amounts.
b. List the top three benefits that should be offered to the expatriate. Explain why you
chose these as the most important. Make sure the cost is included in your balance sheet.
Review the Balance Sheet Approach to Compensation in the course file “Global Compensation”
Use at least three course resources for this assignment.
Part 2 is not to be a memo. This should be an APA paper.
Use the balance sample provided. Do not take away anything from the balance sheet you can add but do not take away.
After you create your balance sheet, you’re going to give me a discussion of each one of these items on the balance sheet. How did you come up with the number.
For example, one of your benefits can be: In Italy, they get a lot more vacation than what they do here in the U.S so that might be something that you will want to add to your chart and that might be one of you top three benefits.