Question Detail

IRP 321 Compensation Management policies Objective Question
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Question

The 'global market approach' for expatriate compensation primarily entails which of the following?
Options
A Aligning salaries with the host country's local market rates
B Comparing salary levels and benefits across countries or industries and aligning with global standards
Correct Answer
C Ensuring expatriates have enough money to purchase the same basket of goods as in their home country
D A combination of home and host-based pay systems
Correct Answer

Option B is the correct answer.

Detailed Explanation

Page 36 explains: 'Global market approach: Salary is based on international benchmarking. This entails comparing salary levels and benefits across countries or industries and aligning expatriates’ salaries with global standards in similar industries or roles.'

Hint

The term 'global market' suggests a broad international comparison.

Question Info

Course: IRP 321
Topic: Compensation Management policies
Type: Objective
Difficulty: Not specified
Question 29 of 59
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