An advantage of the Going Rate Approach is that:

Question

Quizplus · Accepted Answer

The Going Rate Approach ensures that there is equality in pay with local nationals. This can be an advantage in terms of attracting and retaining talent, as well as demonstrating a commitment to fairness and local market conditions. However, it may not necessarily result in equity between assignments, as there may be variations in cost-of-living, housing, and other factors that affect compensation. Additionally, taxes are not directly related to the Going Rate Approach.

An Advantage of the Going Rate Approach Is That