Europeans live better and appreciate life . . . Wherever the manager works, he or she will have to deal with subordinates of a different culture who have different values with respect to work, recognition, and compensation. In addition, the international executive needs to become familiar with the labor policies and unions of the host country. A careful reading of the last half of this chapter will outline some of the ways in which countries vary with respect to organized labor and labor policy. The chart below presents an interesting comparison of average compensation at different levels of employment.
Companies often decide to establish production facilities where labor costs are low.
Look at a recent edition of The Economist magazine and read some of the help wanted ads for international executives. If something looks interesting, write for more information.