HRM 2600 Lecture Notes - Lecture 15: Work Permit, Independent Business, Collective Bargaining
7 Apr 2017
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Document Summary
Issues in international hrm: relocation, orientation, translation services. Recruiting internationally: work permit or visa, guest workers, apprenticeships, transnational teams. Selecting global managers: global manager: a manager equipped to run an international business, begin with self-selection, create a candidate pool, assess candidate"s core skills, assess augmented skills and attributes. Essential elements of training and development programs to prepare employees for working. Internationally: language training, cultural training, assessing and tracking career development, managing personal and family life, repatriation. Global compensation system: a centralized pay system whereby host-country employees are offered a full range of training programs, benefits, and pay comparable with a firm"s domestic employees but adjusted for local differences. Home-based pay: pay based on an expatriate"s home country"s compensation practices. Balance-sheet approach: a compensation system designed to match the purchasing power in a person"s home country, calculate base pay, figure cost-of-living allowance (cola), add incentive premiums, add assistance programs.
