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Changing patterns of compensation and benefits in multinational and A ustralian companies 1996–2009
Author(s) -
McGraw Peter
Publication year - 2015
Publication title -
asia pacific journal of human resources
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.825
H-Index - 33
eISSN - 1744-7941
pISSN - 1038-4111
DOI - 10.1111/1744-7941.12040
Subject(s) - multinational corporation , subsidiary , sophistication , deregulation , business , dominance (genetics) , compensation (psychology) , context (archaeology) , industrial organization , human resource management , market economy , economics , management , finance , sociology , psychology , social science , biochemistry , chemistry , paleontology , biology , psychoanalysis , gene
This paper explores the compensation and benefits ( C & B ) practices of subsidiaries of multinational companies ( MNCs ) operating in A ustralia between 1996 and 2009 and contrasts them with comparable local firms. The evolution of C & B over the period is tracked using a composite index taken from two iterations (1996, 2008/9) of the CRANET A ustralia survey of HR practices and analysed in the context of significant deregulation of A ustralian human resource/industrial relations institutional settings during this period. The research finds no overall increase in compensation and benefits sophistication, but significant differences between MNCs and locals and enduring country of origin/region effects within the different MNC groups. Localization pressures on MNC practices appear to have reduced in response to deregulation and there is some, but not conclusive, evidence of increasing dominance effects.