Global Business Chapter 11

Front 1

labor union

Back 1

a formal organization representing a group or groups of employees

Front 2

Offshoring

Back 2

involves the process of transferring an organizational function to another country whether outsourced or not

Front 3

expatriates

Back 3

employees who are working in countries other than their native countries

Front 4

Training

Back 4

providing employees with skills specific to the job they are going to be doing

Front 5

Development

Back 5

preparing employees for new future assignments or higher level positions

Front 6

collective bargaining agreements

Back 6

a contract comprehensively setting forth employee terms and conditions of employment at a given workplace or group of workplaces

Front 7

Performance appraisal

Back 7

the process of assessing employee performance

Front 8

third country nationals

Back 8

employees from a new parent or host country who are being employed in a given foreign country

Front 9

expatriate failure

Back 9

when an expatriate does not complete his or her full expatriate assignment

Front 10

Co-determination

Back 10

employee representation on corporate boards of directors

Front 11

host country nationals

Back 11

workers already living in the foreign or host country where the parent company is opening operation

Front 12

parent country nationals

Back 12

employees from the home countries who are sent to work for their companies overseas

Front 13

multi-employer bargaining

Back 13

negotiations in which a number of employers jointly bargain with a given labor union

Front 14

Outsourcing

Back 14

the process of a company subcontracting a certain production function to a third party

Front 15

balance sheet approach

Back 15

keeping an employee on the home country’s salary structure and also providing additional allowances

Front 16

Repatriation

Back 16

process that takes place when the expatriate employee returns home