The definition of going rate pricing in under 200 words.

A systematic approach to providing monetary value to employees is called compensation.It is possible for compensation to assist in recruitment, job performance, and job satisfaction.

What is the balance sheet approach?There is a balance sheet approach.A situation where credits and debits must match is an accounting term.The approach used to set expatriate compensation is the balance sheet approach.Ensuring equity among expatriates and their home or base country peers is its primary objective.

Some methods are used to determine expatriate compensation.The balance sheet approach, host-based approach and global market approach are included.Determining which method is best for your organization is one of the greatest challenges.

The balance sheet approach is appropriate for expatriates.Keeping the expatriate whole from a compensation perspective with respect to incumbents in the same or similar positions in their home country is one of its advantages.