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Lecture10

Global Business Management - PUC's Students need it.

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Lecture10

  1. 1. 7/27/2015 1 Hiring and Managing Employees DY Chhunsong Lecture 10 1 Fundamentals of Global Business Management 2 Human Resource Management Process of staffing a company and ensuring that employees are as productive as possible. It is to effectively deal with recruiting, selecting, training and developing, evaluating, compensating, and keeping good relation- ship with employees.
  2. 2. 7/27/2015 2 Fundamentals of Global Business Management 3 International Staffing Policy Staffing Policy: The customary means by which a company staffs its offices. It involves 3 approaches: Ethnocentric Staffing: Staffing policy in which individuals from the home country manage operations abroad. Polycentric Staffing: Staffing policy in which individuals from the host country manage operations abroad. Geocentric Staffing: Staffing policy in which the best-qualified individuals, regardless of nationality, manage operations abroad. Fundamentals of Global Business Management 4 Recruiting and Selecting Human Resources Human Resource Planning: Processing of forecasting both a company’s human resource needs and supply. Recruitment: Process of identifying and attracting a qualified pool of applications for vacant positions. Selection: Process of screening and hiring the best-qualified applications with the greatest performance potential.
  3. 3. 7/27/2015 3 Fundamentals of Global Business Management 5 Culture Shock Psychological process affecting people living abroad that is characterized by homesickness, stress, and depression. Fundamentals of Global Business Management 6 Training and Development International companies may need to offer some trainings to their employees: Environmental Briefings and Cultural Orientation: Employees should be trained about local cultures, local housing, health care, transportation, schools, and climate. Cultural Assimilation and Sensitivity Training: Teaches the culture’s values, attitudes, manners, and customs to the employees.
  4. 4. 7/27/2015 4 Fundamentals of Global Business Management 7 Training and Development (1) Language Training: Employees should at least be taught simple communication of the local languages so as to survive. Field Experience: Visiting the culture, walking the streets of its cities and villages, and becoming absorbed by it for a short time. Fundamentals of Global Business Management 8 Employee Compensation It is about how a firm pays its employees. Paying employees is not an easy job. Good packages are fairly complicated to design. As an international company, paying employees involves consider- ing cost of living and salary. To encourage for an international position, a company may need to offer bonus, tax incentives, and such…….
  5. 5. 7/27/2015 5 Fundamentals of Global Business Management 9 How to Effectively Compensate International Employees?. Fundamentals of Global Business Management 10 Labor-Management Relations Positive or negative condition of relations between a company’s management and its workers. Company vs. Employees (Labor Unions)?

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