Your Company Has Decided to Open a Branch in Another

question 11

Essay

Your company has decided to open a branch in another country.As the human resource manager,it is your job to determine how the foreign subsidiary will interact with the parent corporation.Define the four international human resource management strategies you may choose from.Be sure to describe the role both locals and expatriates would play in the subsidiary's development.

Recognize the concepts and benefits of competency-based compensation systems.

Understand the implications of labor market conditions on compensation practices.

Understand the concept of compensable factors and their components.

Grasp the fundamental ideas behind competency-based pay systems.

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Definitions:

Fixed Costs

Payments for rent, salaries to employees, and insurance coverages that stay the same, no matter the production or sales figures.

Break-Even Point

The point at which total costs and total revenue are equal, resulting in no net loss or gain.

Variable Costs

Costs that vary in direct proportion to changes in the amount of production or activity, like costs for direct labor and raw materials.

Fixed Costs

These are expenses that do not change in total regardless of the level of production or sales activity, such as rent, salaries, and insurance.