Cost of living is irrelevant when setting compensation rates for jobs overseas.

Question

Quizplus · Accepted Answer

Cost of living is an important factor to consider when setting compensation rates for jobs overseas. The cost of living varies from country to country and is a significant consideration when determining how much compensation to offer employees to ensure that they can maintain a decent standard of living. Not taking cost of living into account when setting compensation rates can lead to dissatisfaction among employees and difficulties in attracting and retaining top talent.

Cost of Living Is Irrelevant When Setting Compensation Rates for Jobs