Strategy Module 3 - International Human Resource Management Flashcards
What are some of the key challenges in international human resource management?
Workforce Diversity, Employment Legislation, The Role of the HR Function, and Being Flexible.
What is strategic international human resource management?
The examination, creation, and management of HR management issues, functions, policies, and practices that result from the strategic activities of a multinational enterprise and that affect the international concerns and goals of that enterprise.
What are some of the actions done in strategic international human resource management?
Projecting global competence supply, Forecasting global competence needs, and Developing a blueprint to establish global competence pools within companies.
What are the four stages of growth in international corporations?
Domestic Growth Strategy, Multi-domestic Growth Strategy, Multinational Growth Strategy, and Global Growth Strategy.
What is the domestic growth strategy? What type of HR strategy is most appropriate?
Companies become international by exporting their goods abroad as a means of seeking new markets. Focus remain on domestic markets. A domestic HR strategy is generally most appropriate.
What is the multi-domestic growth strategy? What type of HR strategy is most appropriate?
Focuses on development of foreign markets by producing products within the countries in which they are sold. Results in the creation of subsidiaries. An adaptive HR strategy is generally most appropriate.
What is the multinational growth strategy? What type of HR strategy is most appropriate?
Standardizing the products and services around the world to gain efficiency. An exportive HR strategy is generally most appropriate.
What is the global growth growth strategy? What type of HR strategy is most appropriate?
Introduces culturally-sensitive products in chosen countries with the least amount of cost. An integrative HR strategy is generally most appropriate.
What are the three recruitment options?
Host-Country Nationals (HCNs), Parent-Country Nationals (PCNs), and Third-Country Nationals (TCNs)
What is a host-country national?
Individuals from the subsidiary country who know the foreign cultural environment well.
What is a parent-country national?
Individuals from headquarters who are highly familiar with the firm’s products and services, as well as with its corporate culture.
What is a third-country national?
Individuals from a third country who have extensive international experience and know the corporate culture from previous working experience with corporate branches in the third country.
What is an expatriate?
Any individual who gives up residence in their home country to take up residence in a foreign country either temporarily or permanently.
What are the three compensation policies?
Home Based, Host Based, Region Based
What is a home based compensation policy?
Links base salary to the salary structure of the home country and retains the home country’s salary structure for other international supplements such as housing. This retains the current local standard of living and prevents employees from being disadvantaged upon returning home.
