Question

Briefly describe going rate and balance sheet approach used to properly compensate, motivate, and retain expatriates.

Answer 1

The going rate approach pays expatriates the going rate for practically identical positions in a host nation. This approach encourages balance among PCNs, TCNs, and HCNs in a similar subsidiary. This would be appealing for PCNs and TCNs to work in an area where pay is higher than the nation of origin. This approach exceeds expectations in its effortlessness. Expatriates likewise create solid distinguishing proof with the host nation. Be that as it may, the going rate for a similar position varies the world over, with the United States driving the world in administrative pay.

A moment approach is the balance sheet approach, which balances the typical cost for basic items contrasts in view of parent-nation levels and adds a monetary prompting to make the bundle appealing. This encourages ostracize reentry. This is the most generally utilized strategy in exile compensation