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International Human Resource Management - Coggle Diagram
International Human
Resource Management
IHRM
Strategic role: Support the MNE's strategy generate high productivity & competitive advantage.
Mission: Find,prepare, support, compensate, and retain executive with the knowledge. Support higher productivity, stroger competitiveness, and improving profitability.
Def: An umbrella term that refers to overseeing all things related to managing employees in the MNE.
Trends in Expatriate Assignment
Who goes abroad
The economics of expatriate
Commuter assignments & flexpatriates
Expatrate selection
Other-orientation
Resourcefullness
Self-orientation
Technical competence
Global mindset
Types of expatriate compensation
Headquaters based method
Host based method
Home based method
Global market method
Expatriate failure
operationally costly, professionally detrimental & personally stressful
Perspective of the expartriate
Local
The customary employee hired from the local labor market to help run local operations
Expatriate
A thirdcountry national is a citizen of neither the home nor the host country
A home-country national is a citizen of the country where the firrm is headquatered