2010 South-Western, a part of Cengage Learning.
Global Compensation ChallengesDifferent countries have different norms for employee compensation:Financial (money) incentives versus nonfinancial incentives (prestige, independence, and influence)Individual rewards versus collectivist concerns for internal equity and personal needsGeneral rule:Match the rewards to the values of the local culturecreate a pay plan that supports the overall strategic intent of the organization but provides enough flexibility to customize particular policies and programs to meet the needs of employees in specific locations. All rights reservedĪssessing and Tracking Career DevelopmentDevelopmental and Career Advantages of an International Assignment:Increases the expatriates responsibilities and influence within the corporationProvides a set of unique experiences beneficial to both the individual and the firmEnhances understanding of the global marketplaceOffers the opportunity to work on a project important to the organization 2010 South-Western, a part of Cengage Learning.
All rights reservedģNonverbal Communications in Different Cultures 2010 South-Western, a part of Cengage Learning. Training and DevelopmentEssential training program content to prepare employees for working internationally: Language trainingCultural trainingAssessing and tracking career developmentManaging personal and family lifeRepatriationCulture shockPerpetual stress experienced by people who settle overseas. All rights reservedĬauses of Expatriate Assignment FailureFamily adjustmentLifestyle issuesWork adjustmentBad selectionPoor performanceOther opportunities ariseBusiness reasonsRepatriation issues 2010 South-Western, a part of Cengage Learning. All rights reservedĮxpatriate Selection Criteria 2010 South-Western, a part of Cengage Learning. All rights reservedĬomparison of Advantages in Sources of Overseas Managers 2010 South-Western, a part of Cengage Learning. Selecting Global ManagersGlobal ManagerA manager equipped to run an international businessSkills Categories for Global ManagersAbility to seize strategic opportunitiesAbility to manage highly decentralized organizationsAwareness of global issuesSensitivity to issues of diversit圜ompetence in interpersonal relationsCommunity-building skills 2010 South-Western, a part of Cengage Learning. Hiring Host-Country NationalsAdvantages:Hiring local citizens is generally less costly than relocating expatriates.Since local governments usually want good jobs for their citizens, foreign employers may be required to hire locally.Most customers want to do business with companies they perceive to be local versus foreign. International StaffingExpatriates, or Home-country NationalsEmployees from the home country who are on international assignment.Host-country NationalsEmployees who are natives of the host country.Third-country NationalsEmployees who are natives of a country other than the home country or the host country. All rights reservedĭomestic versus International HRMIssues in international HRM in helping employees adapt to a new and different environment outside their own country:RelocationOrientationTranslation services 2010 South-Western, a part of Cengage Learning. All rights reservedĬultural Environment of International Business 2010 South-Western, a part of Cengage Learning.
Increasing Importance of Understanding Global Human Resources Management 2010 South-Western, a part of Cengage Learning. Managing Across BordersInternational corporationDomestic firm that uses its existing capabilities to move into overseas markets.Multinational corporation (MNC)Firm with independent business units operating in multiple countries.Global corporationFirm that has integrated worldwide operations through a centralized home office.Transnational corporationFirm that attempts to balance local responsiveness and global scale via a network of specialized operating units.Ģ010 South-Western, a part of Cengage Learning. Learning OutcomesAfter studying this chapter, the students should be able to :Identify the types of organizational forms used for competing internationallyExplain how domestic and international HRM differ Global HRM25Matakuliah: J0124 Manajemen Sumber Daya ManusiaTahun : 2010