Essay about Compensation - Denmark

Submitted By stew1157
Words: 1403
Pages: 6
Open Document
Cross Cultural Analysis
&
Compensation in Denmark

Research Paper # 2
By David D. Stewart
Compensation & Benefit Systems
Columbia College
Sandra Kruse 29 January 2014

Contents

1.0 Executive Summary
I conducted research analysis and a comparison of the cultural characteristics between Denmark and the United States. This research included the analysis of the world view from a Danish point of view and how it would affect compensation packages. To attract and retain quality employees a cultural analysis is paramount in the understanding of what is most important to the Danish and how they differ from the United States workforce.

My research concluded there are few cultural differences which would impact a working relationship between Danish employees and American Business. Potential challenges addressed include cultural attitudes, language, laws, government and how they affect compensation and benefits packages.

2.0 Sociocultural Analysis

2.1 Education – Population – Income -
DEFINITION:
Results of the Third International Mathematics and Science Study (TIMSS) involving a half-million students in 41 countries.

A comparison of research concludes that education, based on hiring policies, should neither impact on compensation, job performance, nor the work environment as a whole.
Differences in population size; overall percentages in most areas such as industry, urbanization and work force within labor areas are consistent with American norms. Two issues to be aware of is the difference in ethnic groups and their languages, cultures and religions, and the viewpoint of the Danish people of equality of all, to include said ethnic groups, women, which make up fully one half of the Danish workforce, and even those with different sexual orientations, among others.
Income Levels in the average household net financial wealth in United States is estimated at $51,371 USD compared to income Levels in the average household net financial wealth in Denmark which is estimated at $40,516 USD. At first glance the American worker enjoys a higher pay scale. A more in depth analysis takes into account the work/life balance of the Danish and the higher rate of taxation due to welfare programs embraced by the country and its citizens. The basic principle of the Danish welfare system, often referred to as the Scandinavian welfare model, is that all citizens have equal rights to social security. Within the Danish welfare system, a number of services are available to citizens, free of charge. This means the Danish health and educational systems are free. The Danish welfare model is subsidized by the state, and as a result Denmark has one of the highest taxation levels in the world. This again brings me to the point of benefits packages as a way of attracting and retaining talented employees.

2.2 Cultural Comparisons
Work-life balance literally means prioritizing between work (career and ambition) on the one hand and life (health, pleasure, leisure, spirituality and family) on the other.
Danes enjoy a high degree of flexibility at work – often being able to choose when they start their working day and having the flexibility of working from home.
The lunch break is often at a designated time each day, enabling colleagues to interact and eat together, thus getting away from their desks.
There is a minimum 5 weeks’ paid holiday for all wage earners.
The Danish welfare society is characterized by quality of life and a good work-life balance.1
Based on the results of the cultural research, I have found the American Manager must be cognizant of language differences. Although Dane’s understand the concept of authority they view managers as coordinators and directors as Denmark has an egalitarian culture. These things may have a tendency to create misunderstandings and create a hostile work environment.

3.0 Economic and Political (Government) System

Research revealed
Show More

Related Documents: Essay about Compensation - Denmark

Essay Atlantic Slave Trade and Slave Trade Abolition

the House of Lords 1807 25 March, Slave Trade Abolition Bill passed. 1822 Denmark Vesey’s revolt in Virginia. 1831 / 32 ‘Baptist War’; slave revolt in Jamaica. 1833 Slavery Abolition Bill passed which abolished slavery throughout the British Empire, effective from 1834 with the provision of an ‘apprenticeship’ period of six years. Planters paid £20,000,000 compensation. 1838 1 August, enslaved men, women and children finally became free. Evangelicals…

Words 476 - Pages 2

Essay On Compensation Culture

UK’s compensation culture? Is there evidence that the UK’s compensation culture is out of control? The literal interpretation of “Compensation Culture” can have very many meanings but generally can be summed up to mean the same thing. As defined by WIKIPEDIA the Free Encyclopaedia, “Compensation Culture is a pejorative term used to imply that within a society, a significant number of claims for compensation for torts are unjustified, frivolous or fraudulent and those who seek compensation should…

Words 2377 - Pages 10

Essay Chapter 6 3

Chapter 6 Compensation IBUS 618 Dr. Yang 1 Chapter Objectives In the introductory chapter we described IHR managers as grappling with complex issues:  Manage more activities from a broader perspective,  Be more involved in the lives of their far-flung employees  Balance the needs of PCNs, HCNs and TCNs  Control exposure to financial and political risks and  Be increasingly aware of and responsive to hostcountry and regional influences. In this chapter, all of these issues and concerns are…

Words 3365 - Pages 14

Essay about world war 2

stages of the war the British blockade of Germany created problems for the U.S. The British tried to stop all trade between Germany and the rest of the world. They extended their blockade by controlling imports to other neutral countries like Holland, Denmark and Sweden with are geographically close to Germany The Americans protested against the violation of neutral rights though Wilson never put undue pressure on England as no U.S. citizen lost his life due to the blockade. Moreover, all cargo seized…

Words 1161 - Pages 5

Case Study Essay

increasingly difficult with multiple vendors and conflicting advice. Tesla also wanted to meet another very important target - preserving its culture. “When you recruit the very best employees, they expect excellence. Excellent benefits and compensation, employment contracts that comply with their particular country’s legislation and the expectation that you will have a reputation for being a model employer.” says Alan Cherry, Tesla’s Director of Human Resources. “Having a reputation as a model…

Words 712 - Pages 3

Thirty Years War Essay

further north and the Catholics to the south but more importantly it took the central power from the Catholic Church. Although most of the fighting happened in Germany, a majority of the powers in Europe was involved including: Bohemia, Spain, France, Denmark, Germany, and Sweden. The devastation of the Thirty Years War began in Bohemia as a religious dispute between the Catholics and the Protestants. If it were not for the Bohemian Rebellion and the Defenestration of Prague thirty years of suffering may…

Words 1360 - Pages 6

Cash for Kidneys Essay

way to increase the supply of organs would reduce wait times and deaths, and it would greatly ease the suffering that many sick individuals now endure while they hope for a transplant. The most effective change, we believe, would be to provide compensation to people who give their organs—that is, we recommend establishing a market for organs. Organ transplants are one of the extraordinary developments of modern science. They began in 1954 with a kidney transplant performed at Brigham & Women's hospital…

Words 2057 - Pages 9

Novo Nordisk Case Study: Mexican Experience from a Danish Firm: “Changing” Mexican Culture Essay

Mexican Experience from a Danish Firm: “Changing” Mexican Culture i. Introduction Nowadays is common to hear that the trend of business world is located in Emerging Markets, therefore most of the biggest and important companies in the world are startin to enter to those undeveloped economies that have a great potential. Develop assertive HRM practices in those new markets are key issues in order to achieve the expected success. The international human resource management models developed in…

Words 1650 - Pages 7

List To Reflect The Needs Of A Global International Assignment Global Policy

3.3.7 Moving, Shipping, and Storage 3.3.8 International Health Care Program 3.3.9 Property Insurance in the Host Location 4 Relocation - During Your Assignment 4.1 Assignment Letter 4.2 Compensation 4.2.1 Home Base Salary a. Living Cost Allowance b. Acceptance Bonus c. Housing 4.2.2 Effective Position in Range 4.2.3 Salary Split…

Words 6291 - Pages 26

Essay about Democracy: Liberalism and Act

How far was the concern over national security the real reason for the Liberal reforms passed between 1906 and 1914? The life of British people was increasingly improved during the series of social reforms being passed by the Liberal government. When the Liberals won the election, they won it through the thinking of Laissez-Faire as then the Government believed that they should not intervene with the lives of people but after 1908 the new Prime Minister of Liberals, Herbert Henry Asquith and also…

Words 1863 - Pages 8