Global Pay? Maybe Not Yet!

Abstract

Business executives around the world agree that attracting, retaining and motivating employees globally is a key business objective in the 21st century. Organizations that can provide mean-ingful motivational rewards to employees across cultures stand to gain a competitive advantage through their human capital. This article dis-cusses the need for companies to take a much broader view of pay and rewards as they form global organizations. Although companies will approach the issues differently depending on their industry, their organizational hierarchy and their business life cycle, some common key factors characterize successful global pay programs.