chapter  10
11 Pages

The global convergence of compensation practices

WithCHARLES H . FAY

Economists, international business specialists and a variety of organizational scholars have been concerned with the question of global convergence of management practices and employee outcomes for more than a decade. Arguments have been made that convergence of management practice is inevitable, and that employee outcomes, even wages, will tend to converge as well. Other scholars argue that the barriers to convergence such as national culture are so fundamental and so large that convergence is unlikely, certainly in the foreseeable future. Some note that practices vary so much within countries that it is unreasonable to expect convergence across countries.