Lesson 10
What is the goal of cross-cultural training?
Reduce culture shock
What is the home country approach?
a. Using the salary of the host country
b. Using the salary of the home country
c. Using the average salary of all the regions where the company is represented
Using the salary of the home country
How is recruiting done in the regiocentric approach?
Done on a regional basis
The 4 stages of culture shock
Honeymoon
Irritation and hostility
Gradual adjustment
Bioculturalism
What is social distance?
a. Distance between you and your colleagues
b. Differences between cultures of team members
c. Degree of emotional connection among team members
Degree of emotional connection among team members
What is NOT tacit knowledge?
a.Knowledge that can be found in books and manuals
b. Knowledge gained by experience in a context/experience
c. Knowledge that is difficult to transfer from person to person
Knowledge that can be found in books and manuals
List 2 challenges of international relocation
Language
Communication styles
Expectations
Acceptable Solutions
What makes the home country approach work?
a. Several candidates have personal interest in living abroad
b. Creates sense of equity between expats and local employees
c. To equalize the standard of living between the host country and the home country and to add some compensation for inconvenience or qualitative loss.
c.To equalize the standard of living between the host country and the home country and to add some compensation for inconvenience or qualitative loss.Several candidates have personal interest in living abroad
What are global virtual teams?
a. Teams working on strategic or technically simple tasks
b.Teams that more often use technology to communicate than face to face.
c. Teams that are distributed across space
Teams working on strategic or technically simple tasks
What is the role of a compensation package?
Attract, retain and motivate employees
Which of the following is NOT a task for global business teams?
a. Cultivating trust
b. Aligning goals of individuals
c. Manage offline relations
Manage offline relations
What is the difference between salary compression and salary inversion?
Salary compression: new hires earn same as experienced employees
Salary inversion: new hires negotiate wages that current employees are making
What do "Gain Sharing Plans" consist of? And what is it a type of?
Designed to help increase the company’s efficiency by rewarding teams that exceed productivity levels with a share of the gains realized; a. when the firm’s productivity improves, employees receive a part of the monetary value of the improvement or b. if productivity level is maintained but cost is lowered, a portion of the savings is distributed to the employees.
This is a part of Group/Organizational Incentives.
List the 4 types of internal job evaluation.
Job Ranking
Job Classification
Point Method
Factor Compensation
Give 4 ways a company can make incentive plans effective.
Link plan to the firm's strategic objectives
Have clear standards (predetermined levels of performance)
Sample full performance domain (all aspects of the job)
Attainable
Easy to understand
Provide meaningful incentives
Evaluate regularly