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Reply to post. When making compensation decisions in Global Human Resource Management, balancing the interests of global and local perspectives means considering both standardized practices
Reply to post. When making compensation decisions in Global Human Resource Management, balancing the interests of global and local perspectives means considering both standardized practices for all employees worldwide and adapting to local conditions. This involves ensuring fairness and consistency in compensation across different countries while also taking into account factors like exchange rates and cost of living. Balancing occupational and functional perspectives means considering the specific roles and functions of employees within the organization. This includes aligning compensation with job requirements, skills, and responsibilities to attract and retain talent effectively. By balancing these perspectives, GHRM professionals can create a compensation strategy that meets the needs of both the global organization and its diverse workforce, promoting fairness and competitiveness in the international market
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