Global pay practices consist of firm level decisions about:

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Global pay practices involve decisions about pay mix, pay level, and standardization versus localization. Pay mix refers to the combination of base pay, benefits, and incentives offered to employees. Pay level refers to the amount of compensation that employees receive, while standardization versus localization refers to the extent to which pay practices are identical or adapted to local conditions in the countries where the firm operates. These decisions are critical in determining the competitiveness of a firm's compensation practices and its ability to attract and retain talent on a global scale.

Global Pay Practices Consist of Firm Level Decisions About