In this assignment, you will write a 3–5 page compensation and benefits package for a new expatriate position working for either Java Corpor an organization you are familiar with.Compensation and...

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In this assignment, you will write a 3–5 page compensation and benefits package for a new expatriate position working for either Java Corpor an organization you are familiar with.
















Compensation and Benefits




Scenario




For this assignment, choose either option 1 or 2.You do not need to do both.You will apply one of these scenarios in the instructions below. Both options will be graded using the same scoring guide.




Option 1



You are the new HR manager for Java Corp, a domestic cold coffee and tea company. Java Corpis opening a new office in London, England. You are planning on filling one executive level position with a U.S. citizen. In the scenario, the employee filling the role can either be an existing oneor a new hire. The term of the initial assignment is two years. Design a compensation package for this position as the new HR manager.




Option 2



Choose an organization to use for this assignment. If can be where you are currently employed or a company withwhich you are familiar. It must be an organization that is researchable;as you will need to gather and analyze information to complete the assignment. You may use the same organization you have used in the previous assignments.




If you choose the organization where you are currently employed, please keep in mind that the analyses you make must be based on facts that can be documented rather than your personal opinion as an employee.




Research the compensation and benefits of the chosen organization. The company is opening a new branch office in London, England.You are planning on filling one executive level position with a U.S. citizen. This employee can be a newhireor an existing one. The term of the initial assignment is two years. You are the new HR manager and must design a compensation package for this position.




Instructions




Create a compensation package for a new expatriate position.Include the following:




Pay or Salary



In this part:







  • Describe key factors and decisions to make regarding base pay. Specifically, discuss how base pay would be determined, what factors influence base pay, and in what way.

    Note: You do not need to indicate exact salary figures for this assignment.



  • Analyze pay considerations specific to expatriate positions. Consider foreign service premium, incentive pay, hardship allowance, mobility premium, and the like.






Benefits



In this part:







  • Analyze legally required benefits for an employee.Include social security, Medicare, federal and state unemployment, and worker’s compensation. Also, discuss any legally required benefits that may be different in England compared to United States.



  • Analyze standard benefit offerings.Include health insurance, paid time off, employee assistance programs, et cetera. Also, discuss factors that might influence these offerings such as company size, role of the employee, company location, et cetera.



  • Analyze the appropriateness of offering additional benefits or resources to employees facing an overseas work assignment that would ease their transition. These types of benefits could include relocation assistance, home leave reimbursement, spousal support for finding work, cultural or language training, among others.






Additional Requirements




Your assignment should also meet the following requirements:










  • Length:3–5 typed, double-spaced pages, plus a reference page.






  • Written communication: Communicate in a manner that is scholarly and professional. Your writing should be:




    • Concise and logically organized.



    • Free of errors in grammar and mechanics.












  • Validation and support: Use a minimum of fourrelevant and credible scholarly or professional resources such as the

    Wall Street Journal


    to support your work.






  • APA format: Format all citations and references in accordance with current APA guidelines.Refer to theEvidence and APACampus page for guidance.









Competencies Measured




By successfully completing this assignment, you will demonstrate your proficiency in the following course competencies and scoring guide criteria:







  • Competency1:Apply human resource strategies to business needs.




    • Analyze the appropriateness of offering additional benefits and resources for expatriate employees.









  • Competency2:Analyze core functions of human resource management.




    • Describe key factors and decisions to make regarding base pay.



    • Analyze legally required benefits and standard benefit offerings for an employee.









  • Competency3:Analyze the strategic value of human resource management within a competitive global business environment.




    • Analyze additional pay considerations for expatriate positions.









  • Competency4:Communicate effectively in a scholarly and professional manner.




    • Apply APA formatting to in-text citations and references.



    • Convey purpose in an appropriate tone and style, incorporating supporting evidence and adhering to organizational, professional, and scholarly writing standards.

























Answered 6 days AfterFeb 18, 2023

Answer To: In this assignment, you will write a 3–5 page compensation and benefits package for a new...

Dipali answered on Feb 24 2023
37 Votes
WRITTEN ASSIGNMENT        8
WRITTEN ASSIGNMENT
Table of contents
Introduction    3
Pay or Salary    3
Benefits    4
Conclusion    5
Recommendations    6
References    8
Introduction
    The introduction provides background information on Java Corp's plans to open a new office in London,
England, and their need to fill an executive level position with a U.S. citizen. The HR manager is tasked with designing a compensation package for the position, which will be outlined in the rest of the paper. Java Corp is a US-based cold coffee and tea company that is opening a new office in London, England. As the new HR manager, I am tasked with designing a compensation package for an executive-level expatriate position that will be filled by a US citizen. The assignment will last for two years, and I must take into account the unique factors that influence pay and benefits for expatriate positions. This report will provide an overview of the key factors and decisions to make regarding base pay, pay considerations specific to expatriate positions, legally required benefits, standard benefit offerings, and additional resources that can be offered to ease the transition for expatriate employees.
Pay or Salary
    Determining base pay involves several factors, including the employee's qualifications and experience, job responsibilities, and market rates for similar positions. To ensure that the base pay is competitive, I will conduct a market analysis to identify the average salaries for executive-level positions in London, taking into account factors such as job responsibilities and industry. Furthermore, the exchange rate between the US and UK currencies must be considered when determining base pay (Hetami, A. A., Aransyah & Yasshyka, 2022). Other factors that may influence base pay include the cost of living in London compared to the US, tax implications, and the availability of housing.So, one of the most important factors that the HR manager must consider is the base pay for the executive level position. The base pay should be determined based on the job responsibilities, qualifications, experience, market rates, and the employee's current salary and benefits. The HR manager should conduct research on the market rates for similar positions in London, England, and adjust the base pay accordingly (Tilley, 2021).
    Expatriate positions may attract additional compensation considerations such as Foreign Service premium, incentive pay, hardship allowance, and mobility premium. Foreign Service premium is an allowance that is paid to employees who work outside their home country for a specified period. Incentive pay may be offered to employees who meet certain performance criteria. Hardship allowance...
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