In a global pay strategy, a company uses a "market-based approach" to set pay levels.

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In a global pay strategy, a company uses a "market-based approach" to set pay levels. Which of the following would best describe a challenge of this approach in an international context?

Difficulty in benchmarking pay levels due to varying market conditions

Requirement to use a standardized global pay grade

Reduced flexibility to adapt compensation to individual performance

Decreased alignment with headquarters' pay policies

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In a global pay strategy, a company uses a "market-based approach" to set pay levels.

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