MGMT Ch.16 Flashcards
___ process of staffing a company and ensuring that employees are as productive as possible
human resource management
HRM
international HRM differs considerably from HRM in a domestic setting because of differences in ____
national business environments
___citizens of one country who are living and working in another
expatriates
___ staffing policy in which individuals from the home country manage operations abroad
ethnocentric staffing
what are the 4 advantages of ethnocentric staffing?
- locally qualified people are not always available
- tight control over subisiaries
- ease the transfer of special know how
- guard the company from industrial espionage
what are the 2 disadvantages of ethnocentric staffing?
- relocations are expensive
- can give the business a “foreign” image
___staffing policy in which individuals from the host country manage operations abroad
Polycentric staffing
what are 2 advantages of polycentric staffing?
- responsibility on those knowing local business
- avoid expensive relocation from other nations
what are 2 disadvantages of polycentric staffing?
- may resemble a collection of national entities
- can potentially harm performance
___ staffing policy in which the best qualified individuals, regardless of nationality, manage operations abroad
geocentric staffing
what are 2 advantages of geocentric staffing?
- managers can adjust anywhere
- breaks down nationalistic barriers
What is the disadvantage of geocentric staffing?
-these individuals command high salaries
___ process of forecasting a company’s human resource needs and its supply
human resource planning
what is the first phase of human resource planning?
take inventory of CURRENT human resources
what is the second phase of human resource planning?
estimate firm’s FUTURE human resource needs