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Essay / Research Paper Abstract
This 4-page paper discusses how globalization can impact compensation and benefits. Bibliography lists 2 sources.
Page Count:
4 pages (~225 words per page)
File: AS43_MTglobainco.doc
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Unformatted sample text from the term paper:
jobs leaving the United States and headed to places like China, Vietnam and India, where wages are a lot less. What perhaps
isnt discussed to a great extent, however, is the impact of globalization on compensation and benefits for employees who have jobs in multinational organizations.
The theory of globalization is that all workers should benefit - in the United States, concerns about jobs being outsourced or outshored have been countered with the argument that,
in many ways, this creates more jobs for those left behind. The companies that offshore certain jobs, its believed, can better turn their attention to their core competencies and become
more competitive in the overall marketplace. While there is some pain as the home country company sheds those non-core-competency jobs, ultimately the organizations become leaner and meaner, while providing better
wages and benefits for those who retain their jobs. Under a globalization perfect world, even poor people in poor nations will have a job which, in turn, will increase consumer
demand and consumption. Susan Hayter (2009), however, blows some holes in this theory by pointing out that, in many cases, global economic integration
as led to inequality has it pertains to wages. For one thing, she notes, the share of national income (salaries and wages) going to labor has declined in most areas
of the world (Hayter, 2009). Second, though there has been a rise in the average real incomes of the populations poorest segments, inequality in consumption and earnings has increased in
most countries and regions throughout the world (Hayter, 2009). Finally, total wage inequality - defined by the OECD as the difference in earnings between those at the 90th and 10th
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