Human Resources A Global View by vwm20081

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									Human Resources
 A Global View



              March 13, 2008
       Buenos Aires, Argentina
            GLOBALIZATION
Tom Friedman book “The World is
 Flat”
Technology has leveled the playing
 field
Evolution / Adaptation / Change are
 necessities
Managerial and Personal
 Competencies necessary to being
 successful in a variable environment
     CULTURAL VARIABLES
 One size doesn’t fit all
 Not only basic cultural understanding, but
  understanding of distinct sub cultures and local
  norms. Statistics show that 30-40% of
  American companies and ex-pats fail in a foreign
  country due to their inability to adapt to the
  local culture.
       EXAMPLES:
           Wal-Mart
           McDonald’s
           Sundays are regular work days in the
             Middle East
    Misassumptions and Mixed Feelings
    Poor Technology
    Poor Work Ethic
    Inferior Academics
    Anti-American sentiments
BUSINESS OPERATING PHILOSOPHY
          IN FOREIGN COUNTRIES
     Need for experienced people
       Local
       Ex-Pats
       Transferees
     Need for Managers who speak
      English
     Need for multi-cultural experience
          HUMAN RESOURCE
       STRATEGIES / TRENDS
 Strategic role of HR in the Company
 Business Partner vs. Administrator
 Increased emphasis on Safety in the
  workplace
 Outsourcing and Third Party providers
 Team building skills development
 Technical skills training for skilled labor
  (in-house vs tech centers)
 Managerial or “Executive” coaching /
  Succession Planning
 Team Interviewing
     HUMAN RESOURCE
  STRATEGIES / TRENDS
 Compensation
   Split Pay Systems - good or bad?
   Employee profit Plan (for all
    employes)

    Example: ENTRY   BUDGET   MAX
    EBITDA    1%       2.5%   3.5%


  Is based on Gross Earnings
  Payments made Quarterly
      HUMAN RESOURCE
   STRATEGIES / TRENDS
 Compensation Trends
   Signing Bonuses
   Management Incentive Plans
   Bonus Banks
RECRUITING AND SELECTION
  The Process and Timelines
  Effective Sources / Resources
    Posting Sites
    Company Web-Sites
    Professional Associations
    Printed Advertising
    Universities
    3rd Party Recruiters
    Employee Referrals
  Pitfalls associated with these resources
  “Hot” industries and economic sectors
  “Most Wanted” professional
   competencies

								
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