Describe the advantages and disadvantages of the going rate approach to international compensation and the balance sheet approach.Your response should be at least 200 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.Dowling, Peter, Marion Festing, and Allen D. Engle. International Human Resource Management. 6th ed., Pg. 221-224. Andover: Cengage Learning, 2013.

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