Concept and Brief Description
This chapter was all about the concepts we have learned all semester and how to apply them to the global marketplace. There are many issues that surround HRM when dealing with other countries and government. From laying off employees to compensation, there are many things that need to be considered. The factors that affect how to deal with international markets are:
· Economic Systems
· Political-Legal Systems
The other part of the chapter talked about selecting the right people to go oversees to work for the company and how to pick the right people called expatriates. The following things should be considered; Motivation, Health, Language Ability, Family Considerations, Resourcefulness and Initiative, Adaptability, Career Planning, and Financial.
Companies need to look to internationally if they want to be able to continue to expand their company. However if they do not do it properly the opposite may happen and the company could make mistakes that could put them out of business.
Key Points to Elicit in Discussion
Not only do you need to focus on training the employee for the move to another country but often their family also to make the transition.
Individualism, Uncertainty Avoidance, Masculinity, Power Distance, and Time Orientation are all things that affect the design of training design for other cultures.
What is cross cultural preparation mean for an employee and how does a company go about doing this?
How are parent country, host country, and third country all related in reference to an organization?