Essay about Functions of International Human Resource Management

5306 Words Nov 23rd, 2008 22 Pages

Paolo Carlucci
Atanas Atanasov
Aneta Cholevová

THE INTERNATIONALIZATION OF BUSINESS 2 The Growth of International Business 2 HR and the International Business Challenge 3 How Intercountry Differences Affect HRM 4
IMPROVING INTERNATIONAL ASSIGNMENTS THROUGH SELECTION 5 Why International Assignments Fail 5 International Staffing: Sources of Managers 5 International Staffing Policy 6 Selecting International Managers 7
TRAINING AND MAINTAINING INTERNATIONAL EMPLOYEES 8 Orienting and Training Employees for International Assignments 8 International Compensation 8 Performance Appraisal of
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Candidate identification, assessment, and selection. In addition to the required technical and business skills, key traits to consider for global assignments include, for instance: cultural sensitivity, interpersonal skills, and flexibility. 2. Cost projections. The average cost of sending an employee and familyon an overseas assignment is reportedly between three and five times the employee's predeparture salary; as a result, quantifying total costs for a global assignment and deciding whether to use an expatriate or a local employee are essential in the budgeting process. 3. Assignment letters. The assignee's specific job requirements and associated pay will have to be documented and formally communicated in an assignment letter. 4. Compensations, benefits and tax programs. We'll see there are many ways to compensate employees who are transferred abroad, given the vast differences in living expenses around the world. Some common approaches to international pay include home-based plus a supplement and destination-based pay. 5. Relocation assitance. The assignee will probably have to be assisted with such matters as maintenance of the person' s home and automobiles, shipment and storage of household goods, and so forth. 6. Family suppot. Cultural orientation, language training, education assistance, and emergency provisions are just some of the matters to be addressed here before the family is shipped

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