INTB 3355: Chapter 5
20 Cards in this Set
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Global Mind-set
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combines an openness to and an awareness of diversity across markets and cultures with a propensity and ability to synthesize across this diversity
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IHRM employee classifications
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1) home country national or parent country national (PCN)
2) host country national ( HCN)
3) third country national (TCN)
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IHRM approaches
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- ethnocentric
-polycentric
-regiocentric
-geocentric
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Ethnocentric staffing policy
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As used here, related to hiring and promoting employees on the basis of the parent company's home-country frame of reference,
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Polycentric staffing policy
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As used here, related to hiring and promoting employees on the basis of the specific local context in which the subsidiary operates
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region-centric staffing policy
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As used here, related to hiring and promoting employees on the basis of the specific regional context in which the subsidiary operates,
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geocentric staffing policy
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As used here, related to hiring and promoting employees on the basis of ability and experience without considering race or citizenship
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Expatriate
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a person living outside his or her country of citizenship
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Impatriate
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employees hired in the host country
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Flexpatriate
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home or third country employees on short term assignments
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Culture shock
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anxiety people often experience when they move from a culture they are familiar with to one that is entirely different
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Reverse culture shock
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occurs when returning home
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The 4 stages of culture shock
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- Honeymoon phase
- Hostility
- understanding
-acceptance
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Home Country National/ parent country national
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Employee who is a citizen of the nation in which the parent company is headquartered; also called home-country national,
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Parent Country National (PCN)
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Employee who is a citizen of the nation in which the parent company is headquartered; also called home-country national,
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Host country national (HCN)
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Employee who is a citizen of the nation in which the subsidiary is operating, which is different from the parent company's home nation,
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Third country National (TCN)
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Employee who is a citizen of neither the parent company nation nor the host country.
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allowances
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Employee compensation payments added to base salaries because of higher expenses encountered when living abroad
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Bonuses
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Expatriate employee compensation payments in addition to base salaries and allowances because of hardship, inconvenience, or danger
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Compensation Package
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For expatriate employees, packages that can incorporate many types of payments or reimbursements and must take into consideration exchange rates and inflation,
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INTB 3355: Chapter 5