ECE _DSST _ Human Resource MGMT

The compensation package for an expatriate manager

Info iconThis preview shows pages 27–28. Sign up to view the full content.

View Full Document Right Arrow Icon
The compensation package for an expatriate manager must act as an incentive to leave the U.S., permit the same standard of living as in the U.S., allow for repatriation, make provision for the education of children, and facilitate the maintenance of relationships between friends and family. Employees need an incentive to encourage them to uproot and leave the U.S. . For example, this may take the form of a pay raise. When working in Europe, expatriates must realize that unionization is more developed than in the US. In many European countries, unionization is well established even for managers. Hence, expatriate managers must adapt to the labor relations conditions in whatever country they are assigned to.   Current Issues and Trends The Delphi technique is a group decision method in which individual members, acting separately, pool their judgments in a systematic and independent fashion. This method is similar to the nominal group technique except that it doesn’t allow or require members to be physically present. The steps in this technique are as follows: (1) Problem is identified and members are asked to provide possible solutions through a series of questionnaires; (2) Each member anonymously completes the questionnaire; (3) Results are compiled, transcribed, and reproduced at a central location; (4) Each member receives a copy; (5) After viewing results, members are again asked for their solutions; (6) These steps are repeated until consensus is reached. One of the most popular approaches to technological forecasting was developed by the RAND Corporation and is known as the Delphi Method. Technological forecasting involves predicting the state of technology in the future. The rapid pace of Information Technology (IT) development has led to the creation of Human Resource Information Systems that are designed to deal with every aspect of human resource management, including storing data to forecasting labor needs, career planning and policy evaluation. The Human Resource Information System (HRIS) is meant to reduce the paperwork burden for HR and to assist in controlling HR and making decisions. The overall effects of Information Technoloy (IT) in HR have to been to better decision-making, reduce costs, increase productivity, improve communications, speed up response times, and lower administrative costs. With a modern IT system, communications with employees can be virtually instantaneous, not just locally but in very many parts of the world. The diversity of the workforce is constantly changing in the US due to demographic changes, such as age, race and gender distribution as well as the educational levels of population. The US is in a state of constant demographic flux. The regular arrival of immigrants will mean that the racial make-up of the labor pool will be altering. In recent years an age imbalance has developed as the baby boomers reach retirement. Workers are also becoming better educated and qualified. Affirmative action describes the policy whereby employers remedy past discriminatory practices to minorities
Background image of page 27

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 28
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Page27 / 28

The compensation package for an expatriate manager must act...

This preview shows document pages 27 - 28. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online