Which of the following statements is true about localization as an approach to formulating compensation packages?
A) According to Mercer's findings, localization is practiced in Latin America and Asia Pacific more than Europe and North America.
B) Localization is a direct consequence of increasing corporate growth and profitability, as well as a stable economic environment.
C) The increasing trend toward localization reflects companies' efforts to either tap into the local talents or to offer less generous packages to locally hired foreign workers.
D) The trend toward localization failed in emerging markets because the local compensation and benefits packages are more generous than home-country plans.

Question

Quizplus · Accepted Answer

The increasing trend toward localization reflects companies' efforts to either tap into the local talents or to offer less generous packages to locally hired foreign workers. This localization approach was quite consistent among regions and countries around the world, including for companies operating in emerging markets (such as China, India, and Vietnam), where the local compensation and benefits packages are less generous than home-country plans.

Which of the Following Statements Is True About Localization as an Approach