Labor market-based compensation practices in countries such as China,Germany and France,are likely to be less effective than in countries such as the U.S.,Korea or Singapore because there is less movement from company to company

Question

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Labor market-based compensation practices rely on the mobility of workers from one company to another, which allows for competition and the possibility of higher wages. In countries where there is less movement between companies, such as China, Germany, and France, these practices may be less effective. The U.S., Korea, and Singapore are examples of countries with more mobility, thus making these practices more effective.

Labor Market-Based Compensation Practices in Countries Such as China,Germany and France,are