Global Human Resource Management

These flashcards cover key terms and concepts related to Global Human Resource Management, essential for understanding the strategic role of HR in international contexts.

Human Resource Management (HRM)

Activities an organization carries out to utilize its human resources effectively.

Expatriate

Citizens of one country working abroad.

Ethnocentric approach

Key management positions filled by parent-country nationals, which can lead to cultural myopia.

Polycentric approach

Host-country nationals manage local subsidiaries while parent-country nationals hold positions at headquarters.

Geocentric approach

The best people are sought for key jobs throughout the organization, regardless of nationality.

Expatriate failure

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

Self-orientation

One of the four dimensions that predict expatriate success, focusing on the individual’s resilience.

Cultural toughness

A dimension predicting expatriate success that assesses adaptability to new cultural environments.

Balance sheet approach

Common approach to expatriate pay that equalizes purchasing power across countries.

Performance appraisal

A system used to evaluate employees as an important element of a firm’s control system.

Labor relations

The interaction and negotiations between management and labor organizations such as unions.

Diverse Global Workforce

A workforce composed of individuals from various backgrounds, providing competitive advantages.