In today’s global economy, having a workforce with international experience is crucial for companies to maintain their competitiveness. Currently, approximately 80% of all midsize and large firms send their professionals overseas for international assignments. Expatriate expenses may cost up to two or three times the amount that the employee with equivalent position may have back in their home country. The total expatriate package may cost up from $300,000 to $1 million dollars, depending on their location and their designation. For international assignments, professionals are usually given foreign posts for two reasons. First, is to generate and transfer knowledge. Second, to develop their global skills or do both. However, research shows that between 10%-20% of the U.S. managers that were sent overseas reported to have higher job dissatisfaction and found difficulty in assimilating into the foreign country. Of those that stayed in their position, one-third did not meet their work expectations set by their superiors. One-fourth of them completed their assignments but left the company to join other competitors one year after repatriation. This turnover rate is twice that of the managers who did not go abroad. The reason is because many executives seems to assume that the rules of business is the same in all countries. However, this is not the case. Hence, training need to be given to employees who are being posted overseas for them to be equipped with cross-cultural
Augustus was well known for using artwork for political gains and assertions in order to establish himself as a righteous statesman and emperor of Rome. Augustus was Gaius Octavian on the 23rd of September 63 B.C. His father and mother were Gaius Octavius and Atia, niece of Julius Caesar. Augustus grew up alongside Julius Caesar, but after his death in 43 B.C, Octavian became propraetor (governor) and consul for the first time and was recognize as Julius Caesar’s adoptive son under the name, Gaius Julius Caesar Octavianus. As the first empeor of Rome, Augustus utilize the art of political propaganda to a full advantage among the Romans by using art in the service of his political and social ideology. For example, sestertius (coins) dating back to 37 B.C illustrates the portrait of Octavian on one side and the portrait of Divus Julius on the other. Political propaganda stunts like this were used by Augustus in order to demonstrate that he was the adoptive son of Julius Caesar, which further validated his claim to power. Coins were an easy tool to promote his claim because they were used daily by the citizens of Rome and nearby provinces. Three themes were common in Augustus political propaganda, one was to showcase his military victory as the foundation of his power, such as the Temple of Mars built after avenging Julius Caesar death. Two, peace achieved through military victory such as in the
The original purpose of the Affordable Care Act (ACA) was to address the rising amount of healthcare cost in the United States, and substantially increase the amount of Americans insured with access to affordable healthcare. The ACA allows for the expansion of Medicaid; the government health insurance program, which is designed to increase enrollees for low income families in Medicaid. With this new legislation people who are under the age of 65 who are at or below 133 percent of the poverty line will have access to Medicaid. Anyone who earns below 400 percent of the poverty line will qualify for subsidies for health insurance. (Cockburn, 7) Americans who earn above this level must either buy insurance, or use their employer’s coverage. This is a huge implication because the estimated of new enrollees in 2014 estimated by the Congressional Budget Office is between 16 and 17 million. The federal government has agreed to finance this expansion of Medicaid for the first three years of implementation, for states that agree to the program. After these three years the states will have to start to pay a small portion of Medicaid. Many people with substance abuse problems, and mental disorders without insurance, are low income earning childless adults. (Bainbridge, 5)Under the ACA these Americans now have access to behavioral health treatment, in the 26
The opportunities to work abroad are more today than they have ever been in the history of mankind. The big planet Earth has become a small global village and sovereign barriers seem to have disappear. While working in a foreign country, some individuals
When asked to name an Egyptian pharaoh, most people would turn to the name; Tutankhamun. A name which belonged to one of the most famous and well-known mummies of Ancient Egypt. Tutankhamun was a pharaoh who ruled during the New Kingdom Period in Ancient Egypt at the age of 9-10, his short lived reign lasted from 1332-1323 BC. His mummified remains were found in a cache tomb by Howard Carter, the tomb remained untouched and hidden in the Valley of the Kings for many hundreds of thousands of years while many others were plundered upon discovery. Within this tomb were countless treasures, artefacts and answers to feed our curiosity about the young Pharaoh as well as Egyptian culture, beliefs of power, death and the afterlife.
The first step for quantifying expatriation experiences is to implement and maintain a tracking system. HR needs to make it a priority to create or find software that easily tracks the costs and ROI related to the expatriation program. Solvay admittedly had difficulty with the back office
6: What are the clear advantages of global professional experience and living for awhile as an expatriate citizen? What experiences do people who have had these opportunities take with them into the rest
It has been recently brought to my attention that one of our competitors, Cash Flo, has implemented a benefit program called “Linx”, an international exchange program. This program allows their junior and middle level employees to work at a partner firm and live abroad for 6 months. An exchange program provides companies with competitive advantage through attaining greater experienced candidates and international operations. As Cash Flo’s employees are gaining international investment and financial experience,
ith everything to outsourcing and exploited workers there are compaines out there that want to take care of their employees and do good bye them. What needs to happen is less outsourcing and more production and manufacturing in the states to create jobs and allow this country to become more economically stable where people can have the oprotunity to get out of poverty and into the middle class where they don’t have to worry and stress and living paycheck to
In summary, the home culture of an expatriate predisposes them to certain behaviors and situations. It allows them to operate efficiently in that environment. However, moving to the host-culture changes that operating environment and makes their 'mental software ' less efficient and effective. Culture is clearly a relevant variable when expatriating employees and their families for international business assignments. Training can be applied to ameliorate these effects. Also, training provides insight into the procedural, substantive and informational aspects of their work and personal life in the host location.
Face to those options and wide resource, the managers in global enterprises have particular concern about the employees’ ability to disseminate knowledge and innovation throughout their global operations . The use of expatriates has seemed to be a logical choice for staffing, while the use of parent-country nations seems to be most appropriate in some specific situation . Some other global enterprises also prefer integrate the expatriates and local human resource. Nevertheless, each procedure has both advantage and disadvantage.
Established objectives, goals and priorities and deadlines to formulate plans to meet substantial changes in workload and identified potential cost and process efficiencies. I led a vast and diverse group of individuals in efforts to collaborate to streamline the international hiring process by assessing the potential milestones surrounding deploying hundreds of law enforcement personnel and their eligible family members to 72 foreign countries. I executed and implemented various spend plans, financial forecasting of allowances, staffing to budgets, and cost projections related to manpower and applicable pay compensation benefits. Political savviness, interpersonal communication skills, conducting several briefings and benchmarking analyses were the various skills I developed in this position. While serving in this capacity, I faced challenges with working with diverse people with various ideas, backgrounds and past experiences that may drove them to be difficult. Therefore, sought out learning opportunities to further master my skills in leading changes and partnerships, and began to consider a future as a senior executive in the federal government. In 2010, I enrolled in a 1-year Executive Potential Program, which was a 12-month nationwide competency-based leadership development program that provided training and developmental experiences for high potential GS-13 – 15s in the federal government moving into senior executive positions. I transition from an occupational
In the past decade the topic of outsourcing has become a heavily debated subject on if it is ethically correct to outsourcing jobs to foreign countries. Outsourcing has become more and more an option for many companies and not just an economic fad. The decision to outsource is a difficult one for any company to make because there are many advantages and disadvantages to consider. The decision to outsource affects many people, communities, and industries so if a corporation decides to outsource they must consider how it will affect human dignity, the common good of the economy, and subsidiary.
The American Outsourcing Case is a compilation of factual information for the purpose of provoking debates. The authors present both the pros and cons of outsourcing, and avoid inserting their personal bias. The case clearly defines outsourcing and then focuses on outlining its existence in China, Mexico, and India. The evolution and U.S. involvement in the Maquiladoras of Mexico is described first. The implementation of NAFTA and the creation of Maquiladoras were major catalysts in the growth of free trade between the U.S. and Mexico. China, in an attempt to attract foreign investors, created Special Economic Areas, which designated geographic zones that were enabled to operate under their own laws. With great tax benefits
One of the major corporate problems in the current century involves continuously soaring salaries and wages. In fact, some companies face up to 50 percent of their annual income being expended on staff compensation only. In several such cases, the highest number of employees are usually nationals of the host country within which the company operates. It thus follows that the numerous costly legalities involved in getting an expatriate into the country, coupled with getting to compensate them for their troubles away from home would amount to a significantly higher amount of staff compensation costs. Add this to the already compounding corporate problems and you land in a real nightmare of a situation.
Answer: In our judgement, PepsiCo did not have a moral obligation to divest itself of all its Burmese assets. The reason being: