Expatriate Management: Perspectives and Challenges
Synopsis
Globalisation of business is leading to an increase in the number of expatriates being sent to foreign locales to tap opportunities thrown up by the changing business environment. However, this is adding to the complexity of expatriate management. It is not just management-related aspects that need due consideration, but a host of other issues that do not normally come under the purview of HR professionals. Cross-cultural issues present a key area of consideration as inadequate preparation can lead to stress and depression among expatriates and their families. Other issues that need consideration are the spouse’s career concerns, the willingness of the family to relocate, terrorist activities and other acts of violence such as kidnapping and extortion. Expatriate remuneration includes a number of other benefits and allowances, which are not normally available to employees in the home country, and this needs specialised management. Undoubtedly, such support and added allowances and benefits add to the overall cost of expatriate management. Considering that the proportion of expatriates in any organisation is very less, organisations are often confronted with the question of justifying the high costs and finding ways to assess the returns on the investment. Added to these issues is the issue of expatriate failure, which is usually on the higher side. This book provides insights into the challenging task of managing expatriation. The contents of the book are aimed at equipping the HR professionals to handle the multi-faceted issues associated with expatriate management. Apart from HR professionals, business students, teachers, and executives will also find this book useful.
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