Question

What is the cultural impact on compensation policy?

Answer 1

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All compensation systems are affected by two cultural issues: corporate culture of the organization and the local culture in which the organization operates.

Compensation programs that might be extremely effective in a home-country location will fail if they violate local cultural values. Industries which tend to use individual rewards and pay-for-performance as both a motivator and core compensation component around the world risk their compensation strategies backfiring. Successful compensation approaches differ according to the type of organization. For example, compare the compensation approach of the ownership driven structures of small, high-technology groups with the more traditional service and responsibility driven structures in the "smokestack" industry.

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