Terms Flashcards

(79 cards)

1
Q

HCT Host Country National

A

employee who is a citizen of the country he works at

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2
Q

Parent Country National

A

EE who works at a country other than his own. Expat

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3
Q

Independent Variable

A

What you change in order to conduct your experiment. Ex: give training to a group

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4
Q

Dependent variable

A

What changes: their productivity

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5
Q

Control Group

A

The group that gets the placebo, the one you leave alone

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6
Q

Incubator

A

Open, High Tech, US, UK, Canada, No chain of Command, Encourage people to be creative and collaborative

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7
Q

Guided Missile

A

Silo, Nasa, task oriented different groups each have a task.

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8
Q

Eiffel Tower

A

Bureaucratic, central command, low skill

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9
Q

Family

A

Face to Face, relationship oriented

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10
Q

Single Focus

A

can work on one thing at a time, no deviation. Germany

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11
Q

Multi Focus

A

The plan can change as we go along. Italy, Spain

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12
Q

High Context

A

Implicit. There’s a lot more to what I say verbally. Collective. China. Relationship oriented. Tone of the message. Japan, France, Spain, Brazil

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13
Q

Low Context

A

Explicit. I mean what I say. UK, Australia, US

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14
Q

Trompenaars

A

Universalism/Particularism, Neutral/Affective,
Achievement/Ascription,
Specific/Diffuse

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15
Q

Universalism/particularism

A

Universalism - one law for everyone. Contract, standard. US

Particularism - Contract can change according to circumstances. China

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16
Q

Neutral/Affective

A

Neutral - Low key, don’t display emotions (Japan)

Affective - Relations, warm. Mexico, Russia

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17
Q

Achievement/Ascription

A

Achievement - I got what I got because of my achievement. US

Ascriptive - I am where I am because of where I was born, who I know, what caste I belong to. India.

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18
Q

Specific/Diffuse

A

Specific - Work and Personal lives are separate. US, UK, Germany.
Diffuse - relationships are fused between work and personal. Argentina, Spain, Russia

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19
Q

Hofstede (four dimensions)

A

Power Distance
Uncertainty Avoidance
Individual/Collectivism
Femininity/Masculinity

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20
Q

Laws app outside the US

A

Title VII, ADA, ADEA. US ee working for a US company outside the US can bring suit in US.

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21
Q

Four T Framework (to develop Global mindset)

A
Travel
Team Work
Training
Transfer
\+ Mentoring and Coaching
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22
Q

Retirement

A
US - Social Sec, EE and ER put in $
UK - State Pension Act (ER)
Canada - State Sponsored
India - Provident Fund (ee and ER 12% - all belongs to EE) Largest in the world
China - State sponsored
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23
Q

Totalizaton

A

Social security related

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24
Q

Three R of leadership

A

Recognize
Respect
Reconcile

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25
Outsourcing
One specific task - payroll, security, IT
26
Offshoring/Nearshoring
Offshoring - sending to another country | Nearshoring - sending to a border country
27
Orientation
Short time
28
Onboarding
Can take months, years
29
Ascriptive
India. I am ascribing to you your status based on your race, sex, caste, etc.
30
Acculturation
Exchange of cultural features. Groups remain distinct
31
Acquired Rights Directive
Safeguards the rights of European workers Same terms and conditions Can’t fire UNLESS: economic, technical, or organizational reason entailing change in the workforce
32
Alien Corporation
A company that is incorporated under the laws of another country
33
APEC
Asia-Pacific economic cooperation
34
Assessment center
Not a place! | Used to determine managerial potential of an employee
35
Assignment letter
Describes terms and conditions, length of assignment, components of compensation, vacation and home leave
36
Balance sheet approach
``` Assignee retains same standard of living. Base salary is made up of: Housing, income taxes, goods and services, reserves (pension, savings, investments) Uses cost of living index ```
37
Build up
Same as balance sheet approach
38
Danger Pay
Paid in addition to hardship premium | Civil war, revolution, terrorism
39
Decline stage
``` Profits and sales are falling Wages decline, training budgets slash, Layoffs Hiring freeze Top employees seek employment elsewhere ```
40
Delphi technique
Different viewpoints of experts are presented | Final product is blended version of the others
41
Destination services
Assistance to assignees
42
EPI
Effective purchaser Index Buying generic Cost of living index, less generous than the standard
43
Equalization
An expatriate will not be negatively or positively impacted
44
Egocentrism
Your own culture is superior
45
Ethnocentrism
Your ethnicity is superior
46
Euro pay
Trend to pay employees the same throughout Europe
47
Foreign Services Premium
Same as mobility premium | Paid monthly, tax free, over and above salary
48
Geocentric corporation
Height of globalization- headquarters employees can come from anywhere on the globe
49
Global corporation
An org which has operations across geographies | One country’s operations affect other areas
50
Global regions structure
Make allowances for certain regions
51
Globalist
The height, international employee, sr level, works in any country
52
Go Native
The employees is totally immersed in their host country’s culture
53
Growth stage
Profits and sales are growing steadily, hiring is up Training budget increases Pay higher salaries
54
Hardship allowance
A percentage of base salary addiction, assignment involves harsh conditions
55
HQ based balance Sheet approach
Assignee is paid according to HQ pay. Any differences are calculated compared to the HQ pay
56
Home based balance sheet approach
Assignee is paid according to home country compensation | Any differences are made in comparison with home pay
57
Hypothetical tax
What the ee would have paid had they stayed in their home country
58
Inpatriate
Alien employees brought in to work in headquarters location
59
ILO
A UN agency International labor organization Promote social justice, workers, human rights
60
Job specification
Detailed statement of skills knowledge and abilities
61
Kaizen
Japanese for “continuous improvement”
62
Multi domestic corporation
Control is decentralized | Decision making is on local level
63
Global vs multi domestic
Global is centralized decision making | Unified performance goals
64
Multinational corporation | Multi national enterprise
Operates in many countries
65
Nearshoring
Moving business to a bordering state/nation
66
Nominal group technique
All ideas are considered by all members and formal evaluation is done
67
Offshoring
Moving business to another country | India, China, Philippines
68
OECD
Organization for economic cooperation and development | Countries that share principles of market economy, democracy and human rights
69
Outsourcing
Having a vendor do something that the corporation used to do in-house
70
Particularism
Right or wrong is based on changing circumstances | Ie Chinese and contracts: a starting point
71
Polycentrism
Org leaders come from either HQ employees or local employees
72
Provident fund
Compulsory pension program Workers must contribute to their retirement fund India is the largest
73
Regio centric
Each regional area is self governed
74
Split pay
Paying the ee what they need in local currency and the rest in home currency
75
Tax equalization
Tax reimbursement system Expat neither loses or gained Hypotax is deducted, if there is more to pay- the company pays it
76
Tax protection
No hypo tax! Company pays the tax bill. If it’s in Switzerland (more) the company pays more If it’s in Mexico, the employee pockets the difference
77
Totalization agreement
Social security arrangements between countries | Prevent double social se unity deductions
78
Universalism
It IS possible to determine what is true and good. It’s not up to circumstances Opposite of particularism Applies to every situation Black and white vs Chinese gray
79
Xenocentrism
Other cultures are superior to your own