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.
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Taleb N (2007) The black swan: the impact of the highly improbable. Random House, New York
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© 2015 Springer-Verlag Berlin Heidelberg
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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
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DOI: https://doi.org/10.1007/978-3-642-40933-2_133-1
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Publisher Name: Springer, Berlin, Heidelberg
Online ISBN: 978-3-642-40933-2
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