Managerial Economics Essay Example | Topics and Well Written Essays - 750 words - 1

Managerial Economics - Essay Example My interaction with an Asian friend working for Euromonitor acquainted me with their specific compensation package. Employing individuals outside the jurisdiction of the government of their head office requires important and special considerations. First, it means that they cannot pay employment taxes as this needs a tedious and complicated the process of dealing with each country’s tax collecting institutions. Secondly, this leads to a contractual/self-employed status of the country analyst since the business organization will not also be able to offer non-monetary benefits like health and insurance. It should be noted that employment of more than six months in a firm requires the company to provide health and social security benefits for their employees. Thus, the contract of a country analyst is renewed often in order to comply with this requirement. In order to compensate with the lapses, Euromonitor pays its country analyst above the market direct pay. My friend informed me that she is actually paid a weekly income which is equivalent to a month’s entry level minimum wage in her country. Thus, in her position, she is getting four times the minimum wage which is 50% more than what is offered by local firm in the same position. However, Euromonitor pays on a project basis. A project is scheduled in four weeks or more. A country analyst is paid 45 days after he submit the project. Unfortunately, extensions are not paid. When a project is scheduled for six weeks and the analyst completed it in nine weeks, the extra three weeks is unpaid. Furthermore, the salary is adjusted according to the performance of the analyst. Aside from this monetary side, working at home as a country analyst for Euromonitor provides non-financial rewards. These include: work-life balance by allowing the employee to work at the comfort of his own home with his family; casual dress because the employee