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- W2024366021 abstract "This article describes the typical benefits offered by private and governmental employee welfare plans for 14 countries (Australia, Belgium, Canada, France, Germany, Ireland, Italy, Japan, The Netherlands, South Africa, Sweden, Switzerland, United Kingdom, and the United States). These descriptions allow managers of multinational firms to consider local employee welfare norms when establishing benefit provisions for operations outside of the home country of the multinational. Employee benefits warrant management attention due to the significant portion that benefits represent in the overall compensation package for employees, and because of the need to offer benefits that are competitive in local labor markets. Because the difficulties in managing a multinational firm are perhaps manifested most dramatically in terms of personnel, it is important to understand factors that affect providing benefits to employees. Preliminary research indicates that the cultural orientation of managers indeed has an impact on the provision of employee benefits in multinational firms. Ultimately, upper management of multinationals may need to decide between a standardized benefit package available to all subsidiaries or customized benefit programs for subsidiaries in individual countries. Managers must consider cultural norms apparent in the benefits offered by government and private entities in a local market,as well as their own cultural predilections. © 2001 John Wiley & Sons, Inc." @default.
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- W2024366021 date "2001-01-01" @default.
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- W2024366021 title "An International Comparison of Employee Welfare Plans" @default.
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