International Compensation and Benefits

International compensation and benefits refer to the financial rewards and perks provided to employees working in a global context, typically for multinational companies. This includes salaries, bonuses, health insurance, retirement plans, and other benefits that may vary by country due to local laws, cost of living, and tax implications. The goal is to attract and retain talent while ensuring fairness and compliance with local regulations. Companies aim to create competitive packages that not only motivate employees but also account for the differences in economic conditions and employee needs across various countries.