Describe key factors and decisions to make regarding base pay. Note: You do not need to indicate exact salary figures for this assignment.
You are the new HR manager for Java Corp., a domestic cold coffee and tea company. Java Corp. is opening a new office in London, England. You are planning on filling one executive-level position with a U.S. citizen who is not already employed by Java Corp. The term of the initial assignment is two years. You must design a preliminary compensation package for this position.
Using the Compensation and Benefits Template as a guide, create a compensation package for a new expatriate position. Include the following:
Pay or Salary
Complete the following:
Describe key factors and decisions to make regarding base pay. Note: You do not need to indicate exact salary figures for this assignment.
Analyze additional pay considerations for expatriate positions.
Consider incentive pay, foreign service premium, hardship allowance, and mobility premium.
Benefits
Complete the following:
Analyze other legally required benefits for an employee.
Include standard benefits, protection programs and paid time off, Social Security, Medicare, federal and state unemployment, and workers compensation.
Analyze the appropriateness of offering additional benefits.
These types of benefits could include relocation assistance, educational reimbursement, and home leave reimbursement, among others.
Describe additional key considerations in designing a compensation package for this scenario’s expatriate position.
