In designing compensation systems, what does the philosophy of "thinking globally and acting locally" mean?
A) Expatriates should be rewarded primarily for their local actions.
B) Pay plans should be originated at the local level but global organizational issues should be considered in pay plan development.
C) Expatriates should be rewarded for their local actions as well as their performance that impacts the entire organization.
D) Pay plans should be designed to support the overall strategic intent of the organization and also provide enough flexibility to customize certain policies to meet the needs of employees in specific locations.

Question

Quizplus · Accepted Answer

This philosophy emphasizes the importance of aligning compensation systems with the overall strategic goals of the organization while also allowing for adjustments to accommodate local customs, regulations, and market conditions. This approach ensures that the organization's global strategy is supported, but also recognizes the need for local relevance and effectiveness in compensation practices.

In Designing Compensation Systems, What Does the Philosophy of "Thinking