Transactional Elements of Global Assignments

Slides:



Advertisements
Similar presentations
Leadership Development Program for Feeder Group Employees
Advertisements

The Dow Chemical Company Marketing Assignments Program
Performance Management A d iscussion of Owens Cornings global performance management process (ADP) Ray OLenic e*Employee Leader 8/22/2002.
Global Talent Management Combining individual and organisational views Professor Michael Dickmann Executive Learning Network 24 June 2011.
© 2003 SHRM SHRM Weekly Online Poll: December 2, 2003 Weekly Poll - Grooming Leaders Analyzing 359 responses of s sent, 1565 received (response.
Growth and Global Expansion
 Founded in 1927  $5 billion in sales  15,000+ employees  1.6 million+ customers  582 branches  17 distribution centers  Access to 500,000+ products.
1 Investing in the pipeline and growing the talent pool Talent Sustainability Rania Rizk Vice President & Chief Legal Counsel Middle East & Africa Region,
STEM (Science, Technology, Engineering and Math) education is an integrated, interdisciplinary approach to learning that provides hands-on and relevant.
International Human Resources Management
Human Resource Management: Gaining a Competitive Advantage
Training Programme – Introduction Training Programme – Introduction Estimated cost of a three year assignment = $ 1 MILLION (Source: Brewster 2001) Done.
SUCCESSION PLANNING OVERVIEW
Approaches to talent management
Creating a Win-Win Rotational Program 4/4/2014 Janine Brown Systems Engineer Produce Knowledgeable Systems Engineers and Aid in Knowledge Sharing Across.
Global Talent and Global Mobility Maureen Potts Director, Global Mobility Programmes.
International Human Resources Management
HUMAN RESOURCE DEVELOPMENT (1): P REPARATION FOR I NTERNATIONALIZATION Latin America.
Chapter Learning Objectives
Human Resource Management Gaining a Competitive Advantage
September 11, 2015 Succession Management : The Challenges and Opportunities Barttanu Kumar Das Sr. VP and Head-HR Blue Dart Express HUMAN CAPITAL.
Succession Planning Who will replace your leaders? Presented by Jacquelyn Thorp, MSHR/SPHR -CA.
Chapter 15 Learning Objectives
International Training and Development
Welcome! © 3M All rights reserved. Finance Opportunities 3M.
C r e a t i n g S o l u t i o n s B u i l d i n g C a r e e r s 1 Professional Opportunities Orientation Program David Churchill Director of Project Management.
NA (Acct’ & Finance Career) ACCOUNTING AND FINANCE CAREER OPPORTUNITIES Presented By: ARROW ELECTRONICS, INC.
Excellence in Executive Leadership UNCLASSIFIED – For Official Use Only (FOUO) APEX 29 Executive Roundtable Executive Development September 2009.
People Priorities Framework
©2012 RAY SVENSON CONSULTING, INC. 1 REQUIREMENTS CHECKLIST This is a checklist to help develop a list of requirements that the future-state Learning &
Workforce Development in Ohio Challenges and Solutions.
Talent Management System IDP Solution
Building an International Workforce: Strategy and Selection
Global Business Success:
Today’s managers & leaders are challenged unlike any of the past generations in their roles.
Business Intelligence & Research profile
National Foreign Trade Council Meeting
Job Corps – Career Center Collaboration Case Study New York and New Jersey September 19, 2016.
INTERNATIONAL TRAINING, DEVELOPMENT, & CAREERS
Chapter 2 The Marketing Plan
Weekly Poll - Grooming Leaders
International Human Resources Management
Global Human Resource Management
New issues in international assignments
Marketing Research Aaker, Kumar, Leone and Day Eleventh Edition
Joe Spinello and Tom Holmes
Basics of International HRM
Women in Transit Leadership
HRM 350 Competitive Success-- snaptutorial.com
GLOBAL HUMAN RESOURCE MANAGEMENT
Highly Capable Education
INTERNATIONAL TRAINING, DEVELOPMENT, & CAREERS
Assurance and Advisory Business Services
Deloitte Consulting LLP SCOOPS Session
Leadership Development and Succession Planning
Tennessee’s STEM School Designation
Workforce Development Goal
Basics of International HRM
INTRODUCTION TRAINING SUPPORT THE SHOCK OF RETURN
Human Resource Management
The Case for Change 1.9 million shortage of software engineers
EU GATEWAY TO KOREA Facilitating long-lasting business collaborations
Leadership Development and Succession Planning
Member Best Practices.
KNOWLEDGE MANAGEMENT (KM) Session # 29
KEY INITIATIVE Finance Function Management
TALENT MANAGEMENT.
Benefits of Gender Inclusion in Traditional Utilities
Application Technology Engineer – Construction Market
BEST PRACTICES IN BUILDING AND SUSTAINING EFFECTIVE ADVISORY BOARDS
Presentation transcript:

Transactional Elements of Global Assignments SUMMARY COMPARISONS Transactional Elements of Global Assignments Assignment types and duration Funding management strategies Process mapping documentation Success metrics and ROI expectations Nomination/ selection criteria and process Best Buy Exposure and experience mostly based on need 6mths – 3+yrs No set budget Generally apply rule 3X local spend home country pays N/A None that are quantifiable Mostly intangibles Nothing formal BMW Exposure and Experience 80% based on business need 6mths – 3+yrs Host country pays None Skill set and manager’s recommendation Saudi Aramco Exposure and Experience to meet specific business needs 2 – 3+yrs Home country pays Technical competence; new skill development; academic achievement Performance Potential Technical expertise NGC Exposure and Experience mostly based on business needs related to existing contracts 6mths – 3+yrs Both home and host country pay Meeting requirements; customer satisfaction Manager recommendation PepsiCo Exposure – A combination of business need and development opportunities for career growth 6mths – 3+yrs Under review; Not formalized Managed through the people planning process Sources: Company Representative interview and Online Survey Responses

Transformational Elements of Global Assignments SUMMARY COMPARISONS Transformational Elements of Global Assignments Consideration for and involvement of family Exceptions to criteria, process or expatriate policies Mentorship Expectations Support infrastructure Successful Repatriation Best Buy Believes in meeting needs of family; funds family relocation to host country and back to home country N/A None formal Cultural diversity prep; geographic diversity awareness; No other special training or preparation scheduled Employees typically placed in comparable position upon return. Not necessarily a promotion BMW Pre-assignment. Families eligible for a look-and-see visit to host country prior to relocation 10% usually related to family needs Key to successful repatriation Language and cultural training Assignees are paired with mentors who are responsible for their successful repatriation Saudi Aramco Pre-assignment 5%-10% based on family size, hardship factors, constrains in host country, available education for children Extensive mentorship for interns and those on developmental assignments Working Globally Program (company specific) NGC 1% involve medical or special needs of family members Mentored by in-country manager Briefings with HR and security PepsiCo Post selection Exceptions are made and will vary by region; require approval by HR Not provided but under discussion Available for all assignments Sources: Company Representative interview and Online Survey Responses

Transforming Global Leadership Readiness SUMMARY COMPARISONS – TRANSFORMATIONAL ELEMENTS Transforming Global Leadership Readiness Succession plan – new pool of qualified candidates for global leadership positions. Create a development plan to meet the individual’s needs. Assign a mentor. Provide opportunities to experience leadership from a global perspective. Assess for true capability Global Leadership Pipeline Leadership Capability Developmental Needs High Potentials Identify individuals who are on the right career path to leadership development that have the potential to be 21st century leaders. “In today's global economy, companies must continually invest in human capital… By doing so, they will be positively positioned to succeed in a highly competitive [global] marketplace” Nancy R. Lockwood, SPHR, GPHR, M.A.

Acknowledgement of Participating Organizations ADDITIONAL COMPANIES BEING PROFILED Acknowledgement of Participating Organizations Each company below is in the top 20 tier in its particular industry Telephone Interview Online Survey BEST BUY (CONSUMER ELECTRONICS/RETAIL) BMW (AUTO MANUFACTURING) NORTHROP GRUMMAN CORP (AEROSPACE) SAUDI ARAMCO (OIL & GAS) PEPSICO (RETAIL)