Inter-national Business 12th Edition


allowances


Employee compensation payments added to base salaries because of higher expenses encountered when living abroad


bonuses


Expatriate employee compensation payments in addition to base salaries and allowances because of hardship, inconvenience, or danger


compensation packages


For expatriate employees, packages that can incorporate many types of payments or reimbursements and must take into consideration exchange rates and inflation


ethnocentric


As used here, related to hiring and promoting employees on the basis of the parent company�s home country frame of reference


expatriate


A person living outside his or her country of citizenship


geocentric


As used here, related to hiring and promoting employees on the basis of ability and experience without considering race or citizenship


global mind-set


A mind-set that combines an openness to and an awareness of diversity across markets and cultures with a propensity and ability to synthesize across this diversity


home-country national


Same as parent-country national


host-country national (HCN)


Employee who is a citizen of the nation in which the subsidiary is operating, which is different from the parent company�s home nation


host-country national (HCN)


Employee who is a citizen of the nation in which the subsidiary is operating, which is different from the parent company�s home nation


international status


Entitles the expatriate employee to all the allowances and bonuses applicable to the place of residence and employment


language trap


A situation in which a person doing international business can speak only his or her home language


parent-country national (PCNs)


Employee who is a citizen of the nation in which the parent company is headquartered; also called home country national


polycentric


As used here, related to hiring and promoting employees on the basis of the specific local context in which the subsidiary operates


regiocentric


As used here, related to hiring and promoting employees on the basis of the specific regional context in which the subsidiary operates


third-country national (TCN)


Employee who is a citizen of neither the parent company nation nor the host country