Which of the following terms refers to an approach to the compensation of expatriates that equalizes the standard of living between the host and home countries, plus compensation for inconvenience?
A) ethnocentric approach
B) global staffing approach
C) balance sheet approach
D) tax differential approach

Question

Quizplus · Accepted Answer

The balance sheet approach is a method of compensating expatriates that equalizes the standard of living between the host and home countries, and also provides compensation for any inconvenience. This approach involves calculating the cost of living differences between the two countries, including factors such as housing, taxes, and education costs, and providing additional compensation to ensure that the expatriate is not at a financial disadvantage by relocating.

Which of the Following Terms Refers to an Approach to the Compensation