Global Human Resource Management Practice Flashcards

A comprehensive set of vocabulary flashcards based on lecture notes regarding Global Human Resource Management, including staffing strategies, expatriation, and compensation.

Human Resource Management (HRM)

The activities an organization carries out to utilize its human resources effectively, including strategy, staffing, performance evaluation, development, compensation, and labor relations.

Expatriate Manager

A citizen of one country who is working in another country.

Staffing Policy

The selection of employees who have the skills required to perform a particular job; it can also be a tool for developing a firm's corporate culture.

Corporate Culture

The organization’s norms and value system.

Ethnocentric Approach

A staffing policy where key management positions are filled by parent-country nationals.

Polycentric Approach

A staffing policy where host-country nationals manage subsidiaries in their own country, while parent-country nationals occupy positions at headquarters.

Geocentric Approach

A staffing policy that seeks the best people for key jobs regardless of their nationality.

Cultural Myopia

A limitation of the ethnocentric approach where the firm fails to understand host-country cultural differences.

Expatriate Failure

The premature return of an expatriate manager to their home country.

Self-orientation

A dimension of expatriate success related to the individual's self-esteem, self-confidence, and mental well-being.

Others-orientation

A dimension of expatriate success involving the ability to interact effectively with host-country nationals.

Perceptual Ability

The ability to understand why people of other countries behave the way they do.

Cultural Toughness

The ability of an expatriate to adjust to a specific posting or environment.

Global Mind-set

A fundamental attribute of a global manager characterized by cognitive complexity and a cosmopolitan outlook.

Training

An HR activity that focuses upon preparing a manager for a specific job.

Management Development

An HR activity concerned with developing the skills of a manager over time.

Cultural Training

Training designed to foster an appreciation for the culture of the host country.

Language Training

Training aimed at improving an expatriate's ability to interact with host country nationals by reducing exclusive reliance on English.

Practical Training

Training that helps the expatriate and their family ease into day-to-day life in the host country.

Repatriation

The process of preparing and developing expatriate managers for reentry into their home country organization.

Balance Sheet Approach

A compensation method that equalizes purchasing power across countries so employees have the same living standard as they had at home.

Foreign Service Premium

Extra pay an expatriate receives for working outside his country of origin, generally offered as an incentive.

Tax Differentials

A compensation component where the company covers extra tax assessments if no reciprocal tax treaty exists between the home and host countries.

U.S. Executive Average Compensation (2005-2006)

According to research, the average compensation for a top executive in the United States was $525,923$ during this period.

Japanese Executive Average Compensation (2005-2006)

According to research, the average compensation for a top executive in Japan was $278,697$ during this period.

Taiwan Executive Average Compensation (2005-2006)

According to research, the average compensation for a top executive in Taiwan was $158,146$ during this period.