In Designing Compensation Systems,the Philosophy of "Thinking Globally and Acting

question 78

Multiple Choice

In designing compensation systems,the philosophy of "thinking globally and acting locally" means that:

• A) pay plans should be designed to support the overall strategic intent of the organization and also provide enough flexibility to customize certain policies to meet the needs of employees in specific locations.
• B) pay plans should be originated at the local level but global organizational issues should be considered in pay plan development.
• C) expatriates should be rewarded only for their local actions.
• D) expatriates should be rewarded for their local actions as well as their performance that impacts the entire organization.

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Definitions:

Quarterly Reports

Financial statements issued by companies every three months to provide investors and stakeholders with updates on their financial status and performance.

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Comprehensive reports detailing the financial performance of a company over a one-year period.

Industry Segments

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