Acme Global recognizes that different employees have different compensation needs when on expatriate assignments.Some may need compensation to pay for their children's education.Others may work in areas where they must pay high taxes.To avoid having to design an individualized pay package for every employee,Acme Global gives every expatriate employee a set amount for extra expenses.It appears Acme Global is using the ______ approach to expatriate compensation.
A) balance sheet
B) split-pay
C) lump-sum
D) localization

Question

Quizplus · Accepted Answer

Acme Global is using the lump-sum approach to expatriate compensation, which provides a fixed amount of money to cover various expenses related to an international assignment instead of tailoring compensation to the specific needs of each employee. This approach offers simplicity and flexibility to both the employer and the employee but may not fully address individual circumstances.

Acme Global Recognizes That Different Employees Have Different Compensation Needs