Compensating Expatriates One of the greatest challenges of managing expatriates (A person who lives outside their native country) is determining the compensation package. Most organizations use a balance sheet approach to determine the total amount of the package. This approach adjusts the manager’s compensation so that it gives the manager the same standard of living as in the home country plus extra pay for the inconvenience of locating overseas. After setting the total pay‚ the organization
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AN EXPATRIATE An expatriate (in abbreviated form‚ expat) is a person temporarily or permanently residing in a country and culture other than that of the person ’s upbringing or legal residence. The word comes from the Latin ex (out of) and patria (country‚ fatherland). During the latter half of the 20th century expatriation was dominated by professionals sent by their employers to foreign subsidiaries or headquarters. Starting at the end of the 20th century globalization created a global market
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moving aboard also brings many challenges to the expatriate and his entire family. A Human Resource (HR) manager must consider these challenges before selecting and relocating a manager to Japan in order to avoid the expatriate shifting from an initial honeymoon phase into a cross cultural shock (Cuevas et al. 2011‚ p. 45). Cross-cultural adjustment therefore is important for expatriates. This concept describes “the level of ease or difficulty expatriates have with various issues related to life and
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Case Analysis: Case#2 – The Case of the Floundering Expatriate Case Overview Argos Europe was facing an opportunity of growth by acquisition. To consolidate European companies effectively‚ the company needed a person who can effectively combine together and lubricate parts of the organization. Bert Donaldson seemed to be the most suitable candidate for that position. Bill Loun‚ the CEO of Argos International‚ admired his international background achieved by
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EXPATRIATE FAILURES "The internationalization of business has proceeded at a rapid pace as the world has become a global economy."(Mathis‚ Jackson 2000) This is the very reason why companies now have the need for international executives. As all aspects of a business spread worldwide‚ so must the employees. An expatriate by definition is a home-county national‚ usually an employee of the firm‚ who is sent abroad to manage a foreign subsidiary. (Rodrigues‚ 2001) A successful expatriate generally
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Expatriate Failure – Research Essay With globalization and increasing competition‚ organizations are forced to expand beyond national boundaries. These international operations naturally gave birth to the need of expatriates‚ who goes to the foreign country with an intention of controlling the operations and to provide technical and administrative services. The expatriate job is highly demanding and sometimes very complicated due to differences between countries’ labour situation‚ culture‚ economic
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internationally mobile expatriates‚ especially expatriate managers (Downes and Thomas‚ 1997; Shackleton and Newell‚ 1997;
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compared‚ the income gap in favor of PCNs is often viewed Host-country Nationals Advantages: 1 Language and other barriers are eliminated This approach removes the need for expensive cultural awareness training program. The adjusting problems of expatriate managers are also avoided. 2 Hiring costs are reduced and no
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M.Erdem Tokgoz R11066674 Case 0 The Floundering Expatriate What I recognized from the case study is that‚ there is no direct confrontation to discuss the real issues and what can be done to improve problems. This lack of communication problems has to be solved by ignoring individual egos and working for company’s sake. And I would suggest that‚ not only Frank Waterhouse‚ but also all of the staff of Argos Diesel‚ Europe‚ including the CEO and vice presidents‚ get together and they need to
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com/0025-1747.htm MD 45‚3 Expatriates and corporate-level international strategy: governing with the knowledge contract Brian Connelly and Michael A. Hitt Texas A&M University‚ College Station‚ Texas‚ USA 564 Angelo S. DeNisi Freeman School of Business‚ Tulane University‚ New Orleans‚ Louisiana‚ USA‚ and R. Duane Ireland Texas A&M University‚ College Station‚ Texas‚ USA Abstract Purpose – This paper proposes a methodology for governing expatriate assignments in the context of corporate-level
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