Existing salary for managers is 45,000 euros (58,567 us dollars) plus bonuses. Average salary for managers in range is 60,000 euros (78,090), no bonuses. Recommendations must include numerical data, percentages, etc. based on the text and research and must include your response to the following instructions: Approaches to International Compensation
Burnt Hotels wants - a consistent compensation approach for expats that will support their international expansion.
1, Identify which compensation approach you believe is best? (Going rate approach or the balance sheet approach) Describe the approach you choose and C - detail the advantages and disadvantages of this approach as they relate specifically to the hotel management position in France.
2. A plan that will entice existing employees to work abroad. Explain the difference between domestic and international compensation.
3. Explain how you would induce Brunt's current employees to accept the international assignment? How much of a base salary will you propose offering the managers? c. What percentage of base salary will the inducement comprise? Be specific - express the computations in % and in Euros amounts.
4. Of the Allowances mentioned in your textbook, identify at least 4 to be offered in this case. (b.) What % of base salary will the inducement comprise? Be specific - express the computation in % and in Euros amounts - Be sure to include the COLA as one of your allowances.
5. Burnt Hotels wants: A good range of incentives (Variability)
A. Now that you have determined the component of the salary for the international hotel manager, what benefits will you include in the compensation package? B.) What're the main points you will have to consider when deciding how to provide the benefits you are proposing? For example, what considerations are there for pension plans?