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Chapter ;oMPENSATION MANAGEMENT AT INTERNATIONAL LEVEL Sarre Se a a Seren] y> Introduction » Objectives of International Compensation Management » Theories of Compensation »> Components of International Compensation Package » Approaches to Compensation Management »> Compensation Practices Across the Countries , Emerging issues in Global Compensation » Challenges in International Compensation > Review Questions » References « INTRODUCTION One of the key components of International human resource management is the compensation administration jn MNCs. Today, compensation and employee benefits contribute to 40-50% of the total costs. Compensation is the amount of remuneration paid to an employee by the employer in return to the employee’s services to the company: Almost all the employees accept jobs inMNCs, take-up ountries, and take-up the risk, bear in conveniences s in various © assignment : . eI n foreign assignments mostly based on the compensation and discomforts i a 
