What is the key purpose of the balance sheet approach to compensating expatriate managers?
A) to enhance the skills of the expatriate
B) to ensure that the expatriate does not lose financially in his or her international assignment
C) to balance the social costs of the assignment
D) to ensure that there is work-life balance

Question

Quizplus · Accepted Answer

The balance sheet approach aims to ensure that expatriate managers are financially compensated in a way that they do not lose out financially due to differences in living costs, taxes, and other financial considerations between their home country and the country of assignment. This approach helps in maintaining their financial well-being while they are on an international assignment.

What Is the Key Purpose of the Balance Sheet Approach