Abstract
Reward management in emerging markets is difficult. Economical adversities are multiplied by volatile labor market, salary hikes, pay link to hard currencies, and grey schemes of compensation. Strict corporate governance adds into it. To be competitive, companies need to choose competitive pay level among right comparator group; properly sell its benefits, integrity, and transparency; continuously gauge the market; and be ready for surprises and abrupt changes.
This is a preview of subscription content, log in via an institution to check access.
References
Taleb N (2007) The black swan: the impact of the highly improbable. Random House, New York
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2015 Springer-Verlag Berlin Heidelberg
About this entry
Cite this entry
Goncharov, S. (2015). Compensation and Benefits: How to Stay Competitive in Emerging Markets. In: Zeuch, M. (eds) Handbook of Human Resources Management. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-40933-2_133-1
Download citation
DOI: https://doi.org/10.1007/978-3-642-40933-2_133-1
Received:
Accepted:
Published:
Publisher Name: Springer, Berlin, Heidelberg
Online ISBN: 978-3-642-40933-2
eBook Packages: Springer Reference Business and ManagementReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences