MGT 357 Chapter Notes - Chapter 9: Human Resource Management, Society For Human Resource Management, Culture Shock
Document Summary
Chapter 9: staffing, training, and compensation for global operations. Role of international hrm in global strategy implementation. Executive questioned about the major challenges the hr function faces in the global arena cited: Increasingly being recognized as a major determinant of success or failure in international business. Strategic human resource management (shrm) - two-way role of hrm in both helping to determine strategy and implementing it. There are now considerable strategic competitive challenges for some firms regarding the need to: Reduce and remove talent in order to lower the costs of operations. Obtain equally competent talent anywhere in the world at lower wages. Ethnocentric staffing approach - an approach that fills key managerial positions abroad with persons from headquarters. Parent-country nationals (pcns) - an employee from the firm"s home country sent to work in the firm"s operations in another country. Familiar with company goals, products, technology, policies, and procedures. Preferable when a high level of technical capability is required.
