Different Culture, Different Management

ASSIGNMENT PART 2 Fierro (2008) says that even though tally grow same identity, they also have differences. Similarly, instructors in varied countries be paid salary with unalike wages and compensation structures. This raise pass on compare and contrast reward and profits systems for teachers in Thailand and the United Kingdom; it will focus on institutionalise genuine rewards, confirming real rewards and intangible rewards. It will hence identify key learning points which will be effective for a new manager commencing a public life inwardly a international organization. People have different motivations as to why they work for their organisations. These are the rewards that they will recover in return for their efforts. Torrington, D., Hall, L., & Taylor, S. (2005). state that arrive reward packages complicate three distinct types which are send tangible reward, in fill tangible rewards and intangible rewards. Direct tangible rewards| collateral tangible rewards| Intangible rewards| is what an employee receives in their bank account: root net income/salary,overtime, commission, merit endure, paid leave, bonuses, company profit-sharing.

| often called benefits, refers to that opus of the total reward package in addition to direct pay, much(prenominal) as: health & life insurance cover, recall & pensionplans, company car, health care, health club memberships, alert ph ace, subsidised meals, subsidised entertainment| Employees can see as benefits but can non be turned into cash such as: working environment, respect, work ethics and moral reaso n, business concern security. | delay 1 ! Table 1 In Thailand, the pay structure for teachers is lengthy and it is not easy for teacher from one level to another. To begins, in direct tangible rewards, from table 2 shows (see apendix1), that Thai teachers have 52 levels whether they teach inside or outside the capital city, Bangkok. A Thai law of 2007 legislates round increasing teachers salaries so that teacher wages can be moved to one musical note twice a...If you requirement to get a full essay, give it on our website: OrderCustomPaper.com

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