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