National differences in compensation: The influence of the institutional and cultural context
This chapter presents the main characteristics of the compensation systems designed by organizations in different countries in the three economically most important geographical areas of the world: Europe (Spain and Germany), America (USA and Mexico) and Asia (Japan and China). The aim is to provide a view of the similarities and differences in compensation in an international sphere and to see how it is influenced by institutional and cultural factors as described in Chapter 1. The data are based in the main from the paper by Gomez-Mejia and Sanchez (2006). See Chapter 14 for a detailed discussion of national differences in benefits.