The Global Workforce

A new law that requires foreign banks to report information on their U.S. account holders may create some difficulties for expat employees. Smaller banks not wishing to accept the administrative burden may refuse to allow Americans to have bank accounts. It may also impact company payroll processes.

The dismal worldwide economy is affecting compensation decisions, although there are some "hot spots," such as Brazil, Singapore, China and South Africa. Employers continue to focus on pay-for-performance and workforce segmentation in their rewards strategies.
 
photo courtesy of toasty ken

Wang Fuchuan lies in bed wearing a quilted black jacket, with two comforters pulled up to his chin to keep out the chilly November air. The heating at the Beijing Songtang Caring Hospice is broken, and the 90-year-old’s nostrils are stuffed with toilet paper to stop perpetual dripping. Cockroaches scurry across the floor of his room, which has no toilet or running water. His possessions, a few articles of clothing, are in a plastic bag under his bed next to a pink plastic wash bowl with a sliver of soap. His only entertainment is a transistor radio.