What kind of human resources do we have, what kind are we likely to need, and how do we bring
those into alignment? - Answers Supply forecasting
Demand forecasting
HR practices
Forecasting Global Supply & Demand - Answers -What historical events likely affected the global
supply of or demand for labor?
-Who are some people throughout history that likely affected the global supply of or demand for
labor?
-What global forces in the near future that might affect the supply of or demand for labor?
Forecasting Demand - Answers How much labor will we need?
-Benchmarking
*How much labor does a business like ours use?
Is there any reason why we may differ?
-Statistical Methods
*Look at "leading indicators." For example: Sales this year correlate with labor demand next year
*Does not account for chance, change, rapid fluctuation, or the zombie apocalypse
-Subject Matter Experts- "Educated Guesses"
*Take into account other factors (e.g., new product launches, changes with competitors, changes in
technology, changes in the economy)
How do we forecast supply (how much labor we will have) - Answers Transitional Matrix
rows- where did employees in this category in 2013 go by 2016
columns- regarding the employees from 2016 in this category, where were they in 2013.
rows and columns add to 1. see notes
Forecasting Supply - Answers How much available labor will we have?
-What's the unemployment rate?
-Is that likely to change?
-What is the overall size of our labor pool?
-Are people training for the jobs for which we anticipate vacancies?
Comparing the results of demand and supply forecasting tells us whether we're likely to have a... -
Answers Surplus or shortage
Methods for Correcting a Surplus - Answers Downsize
Reduce pay
Demotions
Transfers
Early retirement
Wait for natural attrition
Hiring freeze
Downsizing - Answers -attempting to reduce costs
Closing or altering production facilities
Outsourcing and offshoring for economic reasons
Human suffering is high
Financial and psychological damage
Damage to future employment chances over time
Skill erosion
Methods for correcting a shortage - Answers Existing people work harder
Use temporary employees
Outsource
Promote from within
Decrease voluntary turnover
Recruit and hire new people
Workforce - Answers An enterprises employees
Labor Force - Answers The pool of potential employees from which the firm attracts and hires its
workforce
, MNEs will likely need to: - Answers find staff in whatever location they operate
learn to recruit and hire in multiple locations and cultures
logically deploy staff internationally
Challenge for international workforce planning - Answers -availability of data
-increasing diversity of labor forces
-brain drain
-lack of suitable candidates for management
-Population characteristics (age)
Staffing for an MNE involves - Answers hiring at the local level
managing a mobile workforce
Approaches to MNE staffing - Answers Ethnocentric
Polycentric
Global
Ethnocentric Staffing Approach - Answers Fill key managerial positions with HQ staff
Appropriate when:
Local management skill insufficient
Close coordination with HQ is critical
High level of technical capability required
Proprietary technology is used extensively
Polycentric Staffing Approach - Answers Fill key managerial positions with locals
Appropriate when company wants to "act local"
Global Staffing Approach - Answers Best managers are recruited from within or outside the company,
regardless of nationality
Very well might not be from home or host country
International Business Strategy - Answers No overseas office or operations
Generally used for exporting, licensing, or subcontracting
Multi-domestic Business Strategy - Answers Subsidiaries in multiple countries operate independently
within each country, independently of operations in other countries, and often fairly independently of
parent company headquarters
Global Business Strategy - Answers Unified strategy implemented for all countries regardless of their
culture or national differences.
Transnational Business Strategy - Answers Firms work hard to be seen as a local firm that draws upon
global expertise, technology, and resources
expatriates or international assignees - Answers parent country nationals are transferred to another
country to work in a subsidiary or other type of operation of the MNE for more than one year.
*when the return home, they are repatriates
inpatriates - Answers host country nationals are relocated to HQ of the parent firm, generally for
more than one year, for the purposes of learning the organizations products and culture
Local hires or nationals - Answers Employees who are hired locally
Domestic internationalists - Answers Employees who never leave home country but conduct
international business with customers, suppliers, and colleagues in other countries via telephone,
teleconference, e-mail etc.
International commuters - Answers Employees who live in one country (typically their home country),
but who work in another (host) country and regularly commute across borders to perform aspects of
their work. They may live at home in one country yet commute on a daily or weekly basis to another
country to work.
Frequent business travelers - Answers Employees who, on a frequent basis, take international trips
that last a few days, weeks, or months at a time. These international trips usually include travel to a
variety of countries or continents to visit MNE sites or customers.
Short-term international assignees - Answers Employees on assignments that last less than one year
but more than a few weeks (increasingly being used to substitute for longer-term international
assignments and typically do not include the relocation of the employee's family).
International assignees - Answers This is an international assignment that lasts more than one year
and includes full relocation. This is the traditional expatriate and the focus of most research and
surveys about international employees. These international assignments many be immediate term
(12-24 months) or long-term (24 to 36 months).