The ________ is often used to equalize the standard of living between the host country and the home country, and to add some compensation for inconvenience or qualitative loss.

Question

Quizplus · Accepted Answer

The balance sheet approach is commonly used in global compensation and involves balancing the employee's standard of living between the home country and host country. It takes into account the cost of living, taxes, housing, and other expenses in both locations, as well as some compensation for any inconvenience or loss in the quality of life. The other options mentioned, such as localization approach, relocation strategy, and going-rate approach, do not necessarily address the equalization of standard of living and compensation for qualitative losses.

The ________ Is Often Used to Equalize the Standard of Living