Reflective Journal Question of the week:Imagine if you are an international assignee based out of your "home" country being sent on a three-year assignment abroad. Briefly explain:Which country you are being sent to (is it a high paying or low paying country)?Which MNE do you work for?What role (job title) will you be undertaking on the assignment?Reflect which international remuneration approach you would prefer and why? Explain in relation to your particular role at this particular MNE and the country you are being sent to.
Question
Reflective Journal Question of the week:Imagine if you are an international assignee based out of your "home" country being sent on a three-year assignment abroad. Briefly explain:Which country you are being sent to (is it a high paying or low paying country)?Which MNE do you work for?What role (job title) will you be undertaking on the assignment?Reflect which international remuneration approach you would prefer and why? Explain in relation to your particular role at this particular MNE and the country you are being sent to.
Solution
-
Country: I am being sent to Japan, a high paying country.
-
MNE: I work for Toyota Motor Corporation, a multinational automotive manufacturer.
-
Role: I will be undertaking the role of a Senior Product Development Engineer.
-
International Remuneration Approach: I would prefer the Balance Sheet Approach for my international remuneration. This approach ensures that I maintain my home country living standard, adjusted to the cost of living in Japan. It also includes additional allowances for inconvenience or qualitative differences.
Given the high cost of living in Japan, this approach would ensure that I am not financially disadvantaged by the assignment. Furthermore, as a Senior Product Development Engineer, my role requires a high level of expertise and experience. The Balance Sheet Approach would provide a remuneration package that reflects the value of my skills and experience to Toyota Motor Corporation.
Additionally, this approach is beneficial for the company as well, as it helps in attracting and retaining employees for international assignments by offering competitive compensation packages.
Similar Questions
Reflective Journal Question of the week:Imagine yourself as an international assignee about to go abroad for an assignment.Write a short summary of what this international assignment is, what MNE are you working for, which sector, what kind of role are you in, how long is the assignment, where is the HQ, which country are you going to for your international assignment.Discuss two most important components essential for your pre-departure training program (e.g., language training, etc.)Think of how it fits with your roleWhat kind of training approach are you taking?What are the benefits of this training program?
Choose the TRUE / CORRECT statement on long-term global assignment.Group of answer choicesAll repatriates can recover from "out of sight, out of mind" syndrome.Assignees of a long-term posting to a specific host country are expected to maintain responsibilities of home office, overseas subsidiaries and frequent travel.An expatriate could miss out on career opportunities in the parent company while overseas despite expectations of career advancement.Expatriates do not require positive attitude and deep knowledge of the host country because they can learn on the job.Next
A multinational corporation offers you a job at an overseas office. To best prepare you for this assignment, the company arranges __________.a.)cross-cultural training at the foreign siteb.)behavioral modificationc.)a one-week overseas vacationd.)cultural indoctrination
According to studies by Hays (1971) and Tung (1981), what is considered a crucial factor for the success of international assignments?*1 pointA) Technical competence onlyB) Language skill onlyC) Relational abilities onlyD) Combination of technical competence, relational abilities, family situation, and environmental variables
Pick the statement that accurately describes adaptation in global assignments. Group of answer choicesAcculturation implies that individuals do not have to adapt to a different cultural environment.Assimilation is the only way expatriates can operate successfully in a new environment.Separation strategy is appropriate for long-term assignments to develop new markets.Adjustment to different cultural environments can be undermined by unrealistic expectations.
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.