HR Workplace Flashcards
What is redevelopment?
Process by which an organization moves an employee out of an international assignment; can involve moving back to the home country, moving to a different global location, or moving to a new location or position in the current host country.
What is globalization?
Status of growing interconnectedness and interdependency among countries, people, markets, and organizations worldwide.
What is process alignment?
Extent to which underlying operations such as IT, finance, or HR integrate across locations.
What is Local responsiveness (LR)?
Globalization strategy that emphasizes adapting to the needs of local markets and allows subsidiaries to develop unique products, structures, and systems.
What is onshoring?
Relocation of business processes or production to a lower-cost location inside the same country as the business.
What is offshoring?
Method by which an organization relocates its processes or production to an international location through subsidiaries or third-party affiliates.
What is an Identity alignment?
Extent to which diversity is embraced in management of people, products/services, and branding.What i
What is Multinational enterprises (MNEs)?
Organizations that own or control production or service facilities in one or more countries other than the home country.
What is Assignees?
Employees who work outside their home countries.
What is outsourcing?
Process by which an organization contracts with third-party vendors to provide selected services/activities instead of hiring new employees.
What is Repatriation?
Process by which employees returning from international assignments reintegrate into their home country’s culture, conditions, and employment.
What is Reverse innovation?
Innovations created for or by emerging-economy markets and then imported to developed-economy markets.
What is Near-shoring?
Practice of contracting a part of business processes or production to an external company in a country that is relatively close (e.g., within the same own region).
What is Global integration (GI)?
Globalization strategy that emphasizes consistency of approach, standardization of processes, and a common corporate culture across global operations.
What is covering?
Defensive behavior that occurs when an organization recruits a diverse workforce but, consciously or otherwise, promotes assimilation rather than inclusion.
What is an Employee resource group (ERG)?
Voluntary group for employees who share a particular diversity dimension (race, religion, ethnicity, sexual orientation, etc.); also known as affinity group or network group.
What is Inclusion?
Extent to which each person in an organization feels welcomed, respected, supported, and valued as a team member.
What is a Diversity council?
Task force created to define a diversity and inclusion initiative and guide the development and implementation process.
What is diversity?
Differences in people’s characteristics (such as socioeconomic status, beliefs, personality, thought processes, work style, race, age, ethnicity, gender, religion, education, job function, etc.).
What is Risk appetite?
Differences in people’s characteristics (such as socioeconomic status, beliefs, personality, thought processes, work style, race, age, ethnicity, gender, religion, education, job function, etc.).
What is Risk position?
Organization’s desired gain or acceptable loss in value.
What is a Principal-agent problem?
Situation in which an agent (e.g., an employee) makes decisions for a principal (e.g., an employer) potentially on the basis of personal incentives that may not be aligned with the principal’s incentives.
What is Annualized loss expectancy (ALE)?
Expected monetary loss for an asset due to a risk over a one-year period; calculated by multiplying single loss expectancy by annualized rate of occurrence.
What is Single loss expectancy (SLE)?
Expected monetary loss every time a risk occurs; calculated by multiplying asset value by exposure factor.
What is risk?
Uncertainty that has an effect on an objective, where outcomes may include opportunities, losses, and threats.
What is whistle blowing?
Reporting of an organization’s violations of policies and processes by employees.
What is risk tolerance?
Amount of uncertainty an organization is willing to pursue or to accept to attain its risk management goals.
What is Risk scorecard?
Tool used to gather individual assessments of various characteristics of risk (e.g., frequency of occurrence; degree of impact, loss, or gain for the organization; degree of efficacy of current controls).