Questions wk5 Essay Example | Topics and Well Written Essays - 750 words

Questions wk5 - Essay Example This policy would help companies to utilize local knowledge as much as possible so that the company’s business prospects in the host country can be enhanced. This policy gives more importance to host country norms. It also helps companies to reduce labour cost considerably since in most of the cases the labour cost in the host country would be lesser than that in the home country. Geocentric staffing approach is implemented in global and transnational companies. It helps companies to get the services of best personnel all the time irrespective of the country of origin of the employees. It gives lot of flexibility to the staffing policy. The major disadvantage of the ethnocentric approach is that it may produce anger and cultural conflicts in the business units in the host country. Moreover, this strategy is suitable only for international companies. The major disadvantage of polycentric staffing policy is lack of career growth and opportunities to the employees. It may also is olate the headquarter from subsidiaries. Geocentric staffing policy is highly expensive as far as implementation is concerned. Moreover, immigration policies in the host and home countries may limit the exchange of workforce. This strategy is not at all suitable for domestic firms. Link between an international business's strategy and its human resource management policies, particularly with regard to the use of expatriate employees and their pay scale The utilization of expatriate employee force is necessary for international companies to manage their business activities successfully in overseas countries. For example, it is impossible for Microsoft or Apple Inc to manage its activities in India with the help of Americans alone. Only the Indians know their market well and hence their service is vital for Microsoft or Apple to build their business strategies in India. Moreover, labour cost in India is extremely low compared to that in America. Under such circumstances, I would be su icidal for Microsoft or Apple to bring workforce from America to India to manage their business activities there. It should be noted that all the companies are currently trying to establish business units, especially manufacturing units in cheap labour oriented countries. This strategy would help such companies to stay competitive in international market. It should be noted that prominent Japanese and American companies have manufacturing units in China at present. For example majority of the Sony products are currently manufactured in China even though the origin of Sony is in Japan. While operating cross culturally, HR managers should make sure that the employees on deputation to the host country have adequate exposure to the cultural norms in the target country. HR Management of local work force is extremely different from the HR management of international or cross cultural workforce. Most of the international organizations are keen in keeping a diverse workforce. HR managers sh ould make sure that the interests of the diverse workforce never make any conflicts in the workplace. In what ways can organized labour constrain the strategic choices of an international business? How can an international business limit these constraints? â€Å"Organized labor has attempted to (i) set-up its own international