Multinationals amend reward structures for global workers

More
than half of Europe’s multinational companies are changing pay and benefit
strategies because of increasing globalisation.

Research
by Mercer HR consultants found that 57 per cent of the firms questioned were
changing systems.

The
study, covering 34 multinationals, found that job evaluation and managing
employee incentives such as base pay and bonuses will be the focus over the
next two years.

Almost
half (47 per cent) of the respondents consider globalisation a high priority.
And the most important aspect of global business strategy is to deliver and
adapt global products to local customers. 

According
to respondents, the key is to develop a team of staff with global skills and
expertise.

Mark
Edelsten, European partner at Mercer, said that pay structures become far more
complex when companies go global so costs have to be kept down.

By Ross
Wigham

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