Business Services Industry
Global convergence in remuneration patterns, BUSINESS TIMES
Business Times (Malaysia), February, 2002 by Hamisah Hamid
Business Times (Malaysia) 02-21-2002 LEADING companies around the world are developing global compensation and benefit strategies that are helping them stay ahead of the competition. These companies are finding that their human resource strategy can be structured using similar philosophies to reward people regardless of their geographic boundaries.
According to the 2001-2002 Towers Perrin Worldwide Total Remuneration study, as companies expand into new markets, employers find themselves increasingly looking for talented employees with global skills. "New roles, responsibilities and competencies drive the need to develop more consistent global strategies in concert with reward practices worldwide, with companies finding that global compensation and...
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