Magazine article Workforce Management

Pack Your Bags

Magazine article Workforce Management

Pack Your Bags

Article excerpt

Employers in emerging markets will capture a larger share of the global pool of managerial talent as employee mobility and relative pay levels rise.

DATA BANK

FUNCTIONAL AND departmental heads, including workforce management executives, can double their disposable income by relocating to the world's most buoyant emerging markets, where lower taxes and the substantially lower cost of living boost the purchasing power of managerial paychecks. Managers can more than double their disposable income by ditching their jobs in the U.S. or Europe and moving to Saudi Arabia or Hong Kong, according to a new analysis of managerial compensation by the Hay Group.

The U.S. ranks 24th out of 46 countries in Hay's report on managerial pay, which converts total cash compensation adjusted for taxes and the cost of living into U.S. purchasing power dollars. Japan ranks 27th and the U.K. falls perilously close to the bottom of the list, in the 40th position. In real terms, managers in China earn more than their counterparts in Germany; department heads in Mexico earn 50 percent more than those in France. …

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