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What is Balance Sheet Approach in HRM? PDF Download

Learn Balance Sheet Approach definition in hrm with explanation to study “What is Balance Sheet Approach”. Study balance sheet approach explanation with HRM terms to review HRM course for online MBA programs.

Balance Sheet Approach Definition:

  • Compensation plan that equalizes cost differences between the international assignment and the same assignment in the home country.

    Human Resource Management by Robert L. Mathis, John H. Jackson



Balance Sheet Approach Explanation:

In this methodology, representatives keep on being paid their home pay, keep up the connection to home advantages, and get a progression of stipends to adjust have versus home expenses for annual assessments, merchandise and enterprises, and lodging. These stipends are explicit to home nation, salary, and family size, and are balanced after some time to bring home and host swelling and swapping scale changes into record. A bookkeeping term that depicts a circumstance where charges and credits must match. The asset report approach is utilized to set ostracize remuneration. There the objective is to secure or level an ostracize's acquiring power while on task abroad. Its essential goal is to guarantee value among exiles and their home or base nation peers.

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