Which of the following is true about decisions related to a global compensation strategy?
A) They affect a company's costs and ability to compete.
B) They focus more on flexibility than on fairness to account for differences across cultures.
C) They are made on the basis of the cost of living in the home country.
D) They focus only on comparing wages across countries.
E) They are determined only by labor costs.

Question

Quizplus · Accepted Answer

Global compensation strategy is important as a way to show employees that the pay structure is designed to be fair and related to the value that employees bring to the organization. These decisions affect a company's costs and ability to compete.

Which of the Following Is True About Decisions Related to a Global