BU354 Lecture Notes - Lecture 17: Balance Sheet, Economic System
Document Summary
Chapter 17 managing human resources in a global business. Expatriates employees who are citizens of the country where the parent company is based who are sent to work in another country. Workforce mobility the focus on managing the recruitment, relocation, and retention of employees who complete work related tasks and activities outside of the core or primary head office or region of the company. Cultural factors power distance, individualism vs collectivism, Global nomads employees who continuously move from country to country on multiple assignments. Expatriate assignment failure early return from an expatriate assignment, important cause the cost of this is high. Inability of the family to adjust: family pressures. Ethnocentric staffing policy policies that align with the attitude that home country managers are superior to those in the host country. Polycentric staffing policy only host country managers can understand the culture and behavior of the host country market, therefore foreign subsidiaries should be staffed with host country nationals.
