The Euro's Impact on Pay and HR Policies

Abstract

While the introduction of the euro is bound to give new impetus to economic convergence across the European Union, different forms of unevenness-along with different tax and social security regimes-will persist for the foreseeable future. Different approaches to compensation and benefits will also persist, although there have been some signs of convergence during the past ten years. Corporate HR policies will have to con-tinue to take these differences into account, especially when a company operates both inside and outside the eurozone.