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Global Human Resource Management (Expatriate (Compensation (Package (Base…
Global Human Resource Management
What?
Strategic Role
Reduce costs
Use expatriate managers
Shape organizational architecture
Staffing Policy
Approaches
Ethnocentric
Pros
Cons
Polycentric
Pros
Cons
Geocentric
Pros
Cons
Corporate Culture
Global Mindset
Attribute
Cosmopolitan Output
Cognitive Complexity
Acquisition
Expatriate
Failure
Reasons
Reduce
Selection Procedures
Others-orientation
Perceptual Ability
Culture Toughness
Self-orientation
Training (both managers and their spouse)
Local
Language
Practice
Evaluation
Reduce Bias
Compensation
Balance Sheet Approach
Package
Base Salary
Foreign Service Premium
Various Allowance
Tax Differentials
Benefits
Standard pay in each country OR equalize pay on a global basis
Management Development
Build a strong unifying culture and informal management network
Support transnational and global standardization strategies
Increase overall skills
Labor Unions Concern
Move production out of country
Limit choices; Constrain strategy