Imagine you are the Chief of Human Resources for a globalcorporation with operations in three different countries. The CEOof the company wants you to come up with a new compensation planbased on the labor markets of the three (3) countries where theemployees live and work, rather than basing it on the parentcountry’s labor market.
What are some of the biggest advantages and disadvantages ofsetting up a compensation system like this?
Please in your own word!