Discuss the various approaches that can be used to formulate a compensation package.
What will be an ideal response?
The most common is the balance-sheet approach, which involves ensuring that the expat is "made whole" and does not lose money by taking the assignment. A second and often complementary approach is negotiation, which involves working out a special, ad hoc arrangement that is acceptable to both the company and the expat. A third approach, localization, involves paying the expat a salary that is comparable to the salaries of local nationals. A fourth approach is the lump-sum method, which involves giving the expat a predetermined amount of money and letting the individual make his/her own decisions regarding how to spend it. The fifth approach is the cafeteria approach, which entails giving expats a series of options and letting them decide how to spend the available funds. A sixth method is the regional system, under which the multinational corporation (MNC) sets a compensation system for all expats who are assigned to a particular region.
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From an industry point of view, Universal Pictures film studio might see its competition as ________
A) West End theatre B) Columbia Pictures C) Tomorrowland D) Summerfest E) HarperCollins
Eric must submit a weekly sales data report that contains headings established by his supervisor. This recurring report is organized by ________
A) criteria B) time C) component D) convention
A common approach to waste reduction is?
a. Five-S b. Five-P c. Five-T d. Five-Q
____________________ training is in a mock-up or simulation of the actual work area.
Fill in the blank(s) with the appropriate word(s).