Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A technician from India continues to receive their Mumbai base salary and is kept on the operation's balance sheet. The company then adds various allowances

A technician from India continues to receive their Mumbai base salary and is kept on the operation's balance sheet. The company then adds various allowances for cost of living, housing, education, taxes, and the like to this base salary so that the employee's overall standard of living while working in the company's London office will be in parity with their standard of living in Mumbai. What method is being used?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

The method being used in this scenario is called Localization or Localization of Pay Localizatio... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting For Managers

Authors: Sanjay Dhamija

3rd Edition

978-9352868339

More Books

Students also viewed these Accounting questions

Question

Express the quantity of 3.225 kJ in calories.

Answered: 1 week ago

Question

How do I feel just after I give in to my bad habit?

Answered: 1 week ago