Discussion: GRP

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GRP involves designing supports that are provided to the professionals to enable them to succeed in the world. Because of this, it is considered as a market of exercise and excellence. It is because it shows that an individual has essential knowledge that will be integrating the business strategies and knowledge, enabling an individual to understand the significant effects the globalization is causing. In contrast, global compensation involves elements of reward systems like provision of allowances, incentives, which vary from one country to another. Also, the employer determines the base salary an employee receives.
Factors affecting the effectiveness of global compensation include unions' influence, costs of living, government control, globalization, economic conditions, and labor market conditions.
The equity compensation is affected by tax laws and cultural practices, which is complicating the compensation programs. For MNE to be operational in several countries together with local workforces, t...