RESOURCE MANAGEMENT-LATEST
UPDATE
International Human Resource Management - CORRECT ANSWERS-Comprises the
development of human resource capabilities to meet the diverse needs of various
subsidiaries of multinational and global corporations"
− To develop human capabilities within the corporation to meet the diverse needs/goals
of the firm
Functions:
− Managing human resources in global corporations, including issues of expatriation
and repatriation
− Implementing corporate global strategy by adapting appropriate human resources
practices in different national, economic and cultural environments.
o Part of the overall strategy of the multinational
o Depends on stage of internationalisation/product life cycle for the firm to determine the
IHRM strategies they will adopt
− Adopting labour relation practices in each subsidiary that matches local requirements
o Design/adapt strategies within the local context
o Not only an agent to receive knowledge from headquarter, but also to transfer
knowledge back from host to the head office
o Through this mutual learning process, the Head HRM system can also be trained up
to the overall framework within the multinational.
Has a much wider scope when compared to domestic IHRM
o Selection of employees to go overseas and if they will accept these global
assignments
o Consider selecting a group that possess cross cultural competence, language skills
etc. and then prepare them to become potential I.M
o On return, they help them re integrate back into the host culture.
o Firms and strategies to help adjust and readjust
o Also managing other types of employees: host nationals, third country nationals
Define Parent-country nationals, - CORRECT ANSWERS-Come from the country where
the company's headquarters are located.
Define Host-country nationals - CORRECT ANSWERS-Local workers who come from
the host-country where the subsidiary is located
Define Third country nationals - CORRECT ANSWERS-Expatriate workers who come
from neither the host nor home-country