Managing People in the International Arena

Flashcards covering key concepts related to managing people globally, employee performance appraisal, expatriate compensation, and cultural considerations.

Expatriate

An employee who is sent to work in a foreign country.

Performance Appraisal

The process of assessing an employee's performance, often involving feedback and evaluations.

Cultural Values

Beliefs and practices that are important to a particular culture and influence behaviors, including work-related actions.

Compensation

The total rewards, including salary, benefits, and perks, that an employee receives in exchange for their work.

Localization Method

A compensation approach where expatriates are paid similarly to local nationals in similar positions.

Balance Sheet Method

A compensation strategy designed to ensure that expatriates maintain their purchasing power while abroad, taking into account living costs and taxes.

Cost-of-Living Allowance

An additional payment given to expatriates to offset the higher living costs in the host country.

Tax Equalization

A method where the host country's tax burden of an expatriate is equalized to that of their home country.

Performance Feedback

Communication provided to employees regarding their work performance, including areas of strength and improvement.

Frames of Reference

The context or perspective from which an individual views and interprets situations, especially regarding performance evaluations.