Global Compensation and Benefits
Strategy. Your firm is a multinational consumer electronics organization that
has five (5) profitable subsidiaries in Taiwan. Due to the pandemic, the firm
suffered 40% decline in overall revenue and whilst the business is still on the profitable path, all future expansion and acquisition projects were kept on
hold until situation improves. The 3000 strong workforces are mostly local
nationals with some expatriates (PCNs) in the management and highly-skilled
roles. Recently, the country where these five (5) subsidiaries are based, has
passed a landmark law enacting a minimum wage and standard benefits beginning
next month. This will significantly impact people cost and disrupt budgets
already approved. The CEO at the headquarters is concerned with the feasibility
of maintaining a significant number of local nationals. After a brief video
conference with the country manager, the CEO expressed his plans with the idea
of replacing half of the locals whilst simultaneously concerned on the risks of
having highly collectivist culture there. As the Chief People Officer at the
headquarters, discuss your action plans to the CEO relative to global
compensation and benefits strategy and cultural management. Your plans should
be justified based on discussions learned in LO3.
Last Completed Projects
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