chapter 15

eing. We believe this holds true within and across all national boundaries. Review Questions 1. Rank the factors in the global guide according to your belief in their importance for understanding and managing compensation. How does your ranking differ from those of your peers? From those of international peers? Discuss how the rankings may change over time. 2. Distinguish between nationwide and industrywide pay determination. How do they compare to a business strategy-market approach? 3. Deve arguments for and against "typical" Japanese-style, "typical" German- style, and "typical" U.S.-style approaches to pay. Using the global guide, what factors are causing each approach to change? 4. Distinguish between global workers, expatriates, local nationals, and third-country nationals. 5. In the balance sheet approach to paying expats, most of total compensation is linked to costs of living. Some argue that expatriate pay resembles a traditional Japanese pay system. Evaluate this argument