Examlex
The cumulative feature of preferred stock means that preferred dividends cannot be paid until all common dividends have been paid.
Balance Sheet Approach
A method in international human resource management that aims to equalize the purchasing power of employees working abroad to that of employees in the home country.
Expatriate Compensation
The package of salary, benefits, allowances, and incentives offered to employees who are sent to work in a foreign country by their employer.
Economic Forces
Represent the various external factors that influence the economy and affect businesses and consumers, such as inflation, interest rates, and unemployment rates.
Global Compensation Strategy
Involves designing and implementing compensation practices that are consistent worldwide while also accommodating local laws, practices, and expectations.
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