Human Resource Management

1
ELEVENTH EDITION

GARY DESSLER

Part 5 | Employee Relations

Chapter 17

Managing Global Human Resources

2008 Prentice Hall, Inc. All rights reserved. PowerPoint Presentation by Charlie Cook The University of West Alabama

Introduction
The loan securities of the east Indian company used to be traded towards close of the 18th century. By 1830s, the trading is shares of banks started. the trader by the name of broker emerged in 1830 when 6 persons called themselves as share brokers. this number grew grandually till 1850,they traded in shares of banks and securities of the east India company in mumbai under a sprawling banyan tree in front of the town hall, which is now in the horniman circle park.it is no surprise that the majestic phiroze jeejeebhoy towers is located at the horniman circle.in 1850, the companies act introducing limited liability was enacted heralding the era of modern joint strock company which propelled trading volumes.

Conti..

After the end of the civil war, they moved from place till 1874 when they found a convenient place, which is now appropriately called dalal steet after their names.the orgonized an informal association on or sbout 9th july 1875 for protecting their interests. On 3rd december 1887,they established a strock exchange called native share and strock brokers association. this laid the foudation of the oldest strock exchange in india.

Conti..

From 7 stock exchange. In 1946,the country moved to form a total of 19 stock exchanges by 199. there were 5968

Conti..

After the end of the civil war, they moved from place till 1874 when they found a convenient place, which is now appropriately called dalal steet after their names.the orgonized an informal association on or sbout 9th july 1875 for protecting their interests. On 3rd december 1887,they established a strock exchange called native share and strock brokers association. this laid the foudation of the oldest strock exchange in india.

Conti..

After the end of the civil war, they moved from place till 1874 when they found a convenient place, which is now appropriately called dalal steet after their names.the orgonized an informal association on or sbout 9th july 1875 for protecting their interests. On 3rd december 1887,they established a strock exchange called native share and strock brokers association. this laid the foudation of the oldest strock exchange in india.

Conti..

After the end of the civil war, they moved from place till 1874 when they found a convenient place, which is now appropriately called dalal steet after their names.the orgonized an informal association on or sbout 9th july 1875 for protecting their interests. On 3rd december 1887,they established a strock exchange called native share and strock brokers association. this laid the foudation of the oldest strock exchange in india.

Conti..

After the end of the civil war, they moved from place till 1874 when they found a convenient place, which is now appropriately called dalal steet after their names.the orgonized an informal association on or sbout 9th july 1875 for protecting their interests. On 3rd december 1887,they established a strock exchange called native share and strock brokers association. this laid the foudation of the oldest strock exchange in india.

Conti..

After the end of the civil war, they moved from place till 1874 when they found a convenient place, which is now appropriately called dalal steet after their names.the orgonized an informal association on or sbout 9th july 1875 for protecting their interests. On 3rd december 1887,they established a strock exchange called native share and strock brokers association. this laid the foudation of the oldest strock exchange in india.

Conti..

After the end of the civil war, they moved from place till 1874 when they found a convenient place, which is now appropriately called dalal steet after their names.the orgonized an informal association on or sbout 9th july 1875 for protecting their interests. On 3rd december 1887,they established a strock exchange called native share and strock brokers association. this laid the foudation of the oldest strock exchange in india.

HR and the Internationalization of Business

2008 Prentice Hall, Inc. All rights reserved.

1711

Introduction
The loan securities of the east Indian company used to be traded towards close of the 18th century. By 1830s, the trading is shares of banks started. the trader by the name of broker emerged in 1830 when 6 persons called themselves as share brokers. this number grew grandually till 1850,they traded in shares of banks and securities of the east India company in mumbai under a sprawling banyan tree in front of the town hall, which is now in the horniman circle park.it is no surprise that the majestic phiroze jeejeebhoy towers is located at the horniman circle.in 1850, the companies act introducing limited liability was enacted heralding the era of modern joint strock company which propelled trading volumes.

Intercountry Differences Affecting HRM

Cultural Factors Economic Systems

International Human Resource Management

Legal and Industrial Relations Factors

2008 Prentice Hall, Inc. All rights reserved.

1713

Global Differences and Similarities in HR Practices

Production Department

Marketing Department

Four Function Areas

Finance Department

H R Department

2008 Prentice Hall, Inc. All rights reserved.

1714

How to Implement a Global HR System

Best practices for making a global HR system more acceptable to local managers:
1. Remembering that global systems are more

accepted in truly global organizations.

2. Investigating pressures to differentiate and

determine their legitimacy.

3. Working within the context of a strong corporate

culture is best.

2008 Prentice Hall, Inc. All rights reserved.

1715

A Global HR System (contd)

Best practices for developing a more effective global HR system:
Form global HR networks that make local HR

managers a part of global teams.

Remember that its more important to standardize

ends and competencies than specific methods.

Best practices for implementing the global HR system:

Remember, You cant communicate enough.

Dedicate adequate resources for the global HR

effort.
2008 Prentice Hall, Inc. All rights reserved. 1716

Staffing the Global Organization (contd)

Top Management Values

Ethnocentric

International Staffing Policy

Polycentric Geocentric

2008 Prentice Hall, Inc. All rights reserved.

1717

Staffing the Global Organization (contd)

Personality

Inability of Spouse to Adjust

Personal Intentions

Why Expatriate Assignments Fail

Inability to Cope with Overseas Responsibilities

Family Pressures

Lack of Cultural Skills

2008 Prentice Hall, Inc. All rights reserved.

1718

Staffing the Global Organization (contd)

Realistic Previews

Careful Screening

Helping Expatriate Assignments Succeed

Improved Orientation

Cultural and Language Training

Improved Benefits Packages

2008 Prentice Hall, Inc. All rights reserved.

1719

Selecting Expatriate Managers

Adaptability Screening
Assessing the assignees (and spouses) probable

success in handling the foreign transfer. Overseas Assignment Inventory

A test that identifies the characteristics and attitudes international assignment candidates should have.

Realistic Previews
The problems to expect in the new job, as well as the

cultural benefits, problems, and idiosyncrasies of the country.

2008 Prentice Hall, Inc. All rights reserved.

1720

Compensating Expatriates
The Balance Sheet Approach
Home-country groups of expensesincome taxes,

housing, goods and services, and discretionary expensesare the focus of attention.
The employer estimates what each of these four

expenses is in the expatriates home country, and what each will be in the host country.
The employer then pays any differences such as

additional income taxes or housing expenses.

2008 Prentice Hall, Inc. All rights reserved.

1721

International Labor Relations

Characteristics of European Labor Relations

Industry-Wide Centralization

Employer Organization

Multiple Union Recognition

Content and Scope of Bargaining

2008 Prentice Hall, Inc. All rights reserved.

1722

KEY TERMS
codetermination expatriates (expats) home-country nationals third-country nationals offshoring ethnocentric polycentric geocentric adaptability screening foreign service premiums hardship allowances mobility premiums

2008 Prentice Hall, Inc. All rights reserved.

1723