Performance Management Systems and Strategies

COMPENSATION AND INTERNATIONAL PERFORMANCE MANAGEMENT PRACTICES

Multinational organizations’ compensation management practices vis-à-vis their relation with the performance management are one of the key issues in international performance management practices. While it is a common trend for every organization to align their performance management practices with compensation plans, such practices vary from organization to organization. This variation is mostly attributable to the organization-specific strategic focus on HRM practices, more specifically on the corporate culture. Compensation design in alignment with the performance management practices is primarily viewed by the MNCs, as their important vehicle for deriving international competitive ...