Europe’s multinationals are reporting the effects of globalisation with over half changing their pay structures and strategies to cope with the effects of global commerce.
The study, by Mercer Human Resource Consulting, reveals that 57% of Europe’s multinationals will focus on job evaluation and employee incentives – such as basic salary and bonuses – over the next two years.
“When companies turn global their cost and pay structures become far more complex. Costs can soar if they are not managed tightly across the organisation,” says Mark Edelsten, a European partner at Mercer.
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