Reasons for the failure of expatriate practices at nokia
Challenges faced by Coca Cola Company
Reasons for the success of expatriate practices at Coca Cola Company
Right compensation package: One of the major reasons behind the success of the expatriate practices in Coca-Cola as they are able to provide the right compensation package to the candidate which is one of the major reasons behind the motivation of the employees.
They are known for providing cross-cultural training: another reason behind the success is that they tend to provide cross-cultural training, as they believe that not knowing the cultural difference and ability to handle the new environment can create problems not only for them but also for the companies and the families. An employee sent abroad with family without any prior knowledge about the cultural difference between the host and home country can trigger a cultural choke. This can again lead to ineffective interaction or premature returning of the imply that incurred the cost to the company. That is why the company believes in providing cultural training to the employees, especially which have come for the long assignment.
Expatriate Practices at Nokia
Selection criteria
Preparing and orienting the selected
Nokia, is known for preparing and orienting there selected expatriate, as they believe the two major problems that come associated when preparing in training than for the international assignments are more complex compared to the domestic assignment as the expatriate not only have to adjust to the new job or a new role but also at the same time also have to adapt to a new culture and the second important task is since there is stress associated when it comes to foreign assignments which tend to fall on all the family members which again give rise to issues of a training program for this spouse as well as family, that is why Nokia have adopted preparation and training not only for the expatriate but also for the spouse or the family as they believe, they will be also exposed to the local culture.
Expatriates compensation
It has a good incentive program for the expatriates that can encourage and is served as a motivational factor for them to work on international assignments. The company gives more power to the expatriates for managing their performance appraisals in the host country. Their policy depends on the location of the host country where the expatriates work, the task assigned, the job description and specification, the duration of the task, and other major factors.
Career planning
Challenges faced by Nokia
The second most important challenge that is faced by the company is that expatriates are considered to be very expensive, as it has been estimated that they cost around 3 or four times compared to the employment of the same individual in their home country. as they tend to receive their base salaries including the supplements for relocation allowances, cost of living, travel expenses as well as the education cost, this creates a challenge for the organization to manage them.
Besides that, another very important challenge which HR manager face is that they are unable to provide the support which is needed by the expatriate, especially when they are facing the problem of adapting to a new environment which creates another barrier for the organization to work efficiently.