Scenario - Symon Enterprises Symon Enterprises Is an International Construction

question 35

Multiple Choice

Scenario - Symon Enterprises Symon Enterprises is an international construction company with global offices in twenty foreign markets around the world.  Symon currently has over 15,000 employees around the world.  The company has an excellent record as being an employer of choice.  It recently was voted the number three company to work for in the world by Forbes Magazine. Symon Enterprises has become very adept at effectively handling its human resources even though there are vast differences in the various countries it services.  The company attributes its HR success to the expertise of its HR directors.  Symon's practice has always been to hire human resource managers and directors from the country where they will be working.  It has found this seems to give the company a competitive edge over the competition.Employee compensation, performance appraisals, and benefits vary greatly from culture to culture.  Which one of the following would not be considered a challenge facing Symon Enterprises when it comes to global compensation and performance management?  

• A)Some countries evaluate the group rather than the individual.
• B)The idea of taxation and tax levels may vary greatly from county to country.
• C)Foreign compensation packages need to be compatible with the home country's compensation level.
• D)Some cultures require strict hierarchies to be maintained during the evaluation process.
• E)A country's culture may greatly affect the way feedback should be presented to an employee.

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Definitions:

Umbrella Liability

A package of several kinds of insurance.

Liability Insurance

A type of insurance that provides protection against claims resulting from injuries and damage to people or property.

Economical Premium

A cost-effective payment or fee, usually for insurance, that provides value or savings over time.

Coverage

The extent to which insurance policies or financial protection plans will compensate for losses or damages incurred.