Global Compensation Issues Essay Example | Topics and Well Written Essays - 500 words

Global Compensation Issues - Essay ExampleThere exists laws that regulate salaries and wages and benignant resources professionals must act within the guidelines of such laws. This study will look at Chinas compensation structures and compensation issues.China is a communist state in East of Asia continent. It has a creation of approximately 1.39 billion people and fourth large-scalest country in the world. Chinas terrain is rugged with hills and depressions which admit the Himalayas Mountains and the Turfan Depression. It has to important and important rivers namely the Yellow River and Yangzi River. China experiences four weather seasons of summer autumn, spring and pass. During winter temperatures can drop to a level of -50 degree Celsius. Chinas financial year is from initiatory January to 31st December and had a GDP of 10.355 trillion US dollars in 2014 with its main industries being manufacturing, archeological site and food processing.Chinas transport system includes ra ilways, roads air and water. This makes most towns in this commonwealth accessible. The existence of navigable rivers has led to development of inland river ports and a reliable water transport system. The main mode of communication is telephone with approximately 23.68 Chinese citizens connected to telephone lines.The communist government in China has had a lot of influence in the countrys working class market. Regulation of the labor market through legislation has caused redistribution of the readily available labor in China. In order to rectify the levels of production, the government initiated programs targeted at moving labor from low production sectors to high production sectors of the economyThe large population provides huge supply of labor to Chinas industries. In the earlier years, there was lavishness supply of both skilled and non-skilled labor. From the economics of demand and supply, the result was low cost of labor for contrary players in different industries