Friday, April 3, 2009

Security Issues

Caterpillar

Compensation

Compensation
http://aoprals.state.gov/


Forces driving Global Pay (Gross & Wingerup)


Cultural Preferences
  • Importance of status
  • Role of individual vs. organization vs. government
  • Equity vs. disparity
  • Achievement vs. Relationships

Economic Conditions
  • Size of economy
  • Types of industries, natural resources, inflation, unemployment
  • Protectionism vs. open market

Personal Preferences
  • Attitudes toward risk
  • Quality of life vs. work
  • Short- vs. Long-term
  • Competitiveness vs. solidarity

Social Constraints
  • Income tax rates, social costs
  • Laws and regulations
  • Collective bargaining, worker participation
  • Skills, education of workforce

COMPENSATION EXPECTATIONS
  • Incentive to leave
  • US standard of living
  • Security
  • Healthcare
  • Foreign taxes
  • Education of children
  • Trips home other ways to connect with friends and family
  • Reentry

Balanced- Sheet approach
1. Base pay (Gross income + bonus – (taxes + SS + pension)
2. COLA (usually only additions; includes housing allowance)
3. Incentive premiums (mobility + hardship + hazardous conditions)
4. Assistance programs (moving + storage + auto + education)

Wednesday, April 1, 2009

Events

April 2 - Red Cliff Movie - Lay Hall 6pm

April 9 - Guest Speaker Calla Wiemer "China's Place in the Global Economic Crisis and Recovery."
Calla Wiemer graduated from Drury College in 1977 with a major in economics. From her first principles course with Dr. Rohlf, she was hooked. She went on to get an economics Ph.D. at the University of Wisconsin, specializing in the Chinese economy just as relations with China were normalized. She then landed a plum job at the University of Hawaii where she got tenure and could easily have lived out a life in paradise. But worldly adventure beckoned and in 1994 she took up residence in Beijing as a freelance consultant. In 2003, the door to China closed for Calla due to a piece she wrote on the Xinjiang economy. But another door opened in Singapore where she spent four years at the National University. Last year Calla returned to the US taking up a position as a Visiting Scholar at UCLA. www.callawiemer.com.

April 21 - Classical Indian Dance - FSC Ballroom 1:30 -3pm