Scenario: You are the Head of Human Resources at a large international canned food firm. There are many branches located throughout the world. The senior leadership team wants to move away from providing a 100% base salary plus benefits for manager-level positions towards a performance-based compensation system. They thought of many factors, including different international currencies. the inability of some administrative staff to motivate themselves when on assignment at centres outside of US, and a disparity in what expatriates are paid relative to their host country Notes : -Create a multi-tiered performance-based compensation system based on this scenario. -The assignment details should be captured in 3 pages. – You must cite all your sources of information using APA formatting. Review how management tiers interact with one another relative to performance measurement and pay. Note that the concept of performance-based compensation systems (pay for performance) is a different concept than performance management systems. think of an argument for or against managers in different countries being paid in local currency vs. US dollars. Outline your plan for the creation of a performance-based compensation system by including: -How the three management tiers (managers, vice presidents, CEO) interact with one another relative to performance measurement and pay. Explain the relationship between the tiers, levels, and positions. The employee level is not included in the discussion. what elements of compensation you will include and why How specific elements in your new system will improve performance, including motivation.
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