Human ResourcesA Global View

Human ResourcesA Global View

March 13, 2008Buenos Aires, Argentina

March 13, 2008Buenos Aires, Argentina

GLOBALIZATIONGLOBALIZATIONTom Friedman book “The World

is Flat”Technology has leveled the

playing fieldEvolution / Adaptation / Change

are necessitiesManagerial and Personal

Competencies necessary to being successful in a variable environment

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 VARIABLESCULTURAL 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-MartMcDonald’sSundays are regular work days in

the Middle EastMisassumptions and Mixed FeelingsPoor TechnologyPoor Work Ethic Inferior AcademicsAnti-American sentiments

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-MartMcDonald’sSundays are regular work days in

the Middle EastMisassumptions and Mixed FeelingsPoor TechnologyPoor Work Ethic Inferior AcademicsAnti-American sentiments

BUSINESS OPERATING PHILOSOPHY IN FOREIGN

COUNTRIES

BUSINESS OPERATING PHILOSOPHY IN FOREIGN

COUNTRIESNeed for experienced people

LocalEx-PatsTransferees

Need for Managers who speak English

Need for multi-cultural experience

Need for experienced peopleLocalEx-PatsTransferees

Need for Managers who speak English

Need for multi-cultural experience

HUMAN RESOURCE STRATEGIES / TRENDS

HUMAN RESOURCE STRATEGIES / TRENDS

Strategic role of HR in the Company

Business Partner vs. Administrator Increased emphasis on Safety in

the workplaceOutsourcing and Third Party

providersTeam building skills developmentTechnical skills training for skilled

labor (in-house vs tech centers)Managerial or “Executive”

coaching / Succession PlanningTeam Interviewing

Strategic role of HR in the Company

Business Partner vs. Administrator Increased emphasis on Safety in

the workplaceOutsourcing and Third Party

providersTeam building skills developmentTechnical skills training for skilled

labor (in-house vs tech centers)Managerial or “Executive”

coaching / Succession PlanningTeam Interviewing

CompensationSplit 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 EarningsPayments made Quarterly

CompensationSplit 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 EarningsPayments made Quarterly

HUMAN RESOURCE STRATEGIES / TRENDS

HUMAN RESOURCE STRATEGIES / TRENDS

Compensation TrendsSigning BonusesManagement Incentive PlansBonus Banks

Compensation TrendsSigning BonusesManagement Incentive PlansBonus Banks

HUMAN RESOURCE STRATEGIES / TRENDS

HUMAN RESOURCE STRATEGIES / TRENDS

RECRUITING AND SELECTIONRECRUITING AND SELECTIONThe Process and TimelinesEffective Sources / Resources

Posting SitesCompany Web-SitesProfessional AssociationsPrinted AdvertisingUniversities3rd Party RecruitersEmployee Referrals

Pitfalls associated with these resources

“Hot” industries and economic sectors“Most Wanted” professional

competencies

The Process and TimelinesEffective Sources / Resources

Posting SitesCompany Web-SitesProfessional AssociationsPrinted AdvertisingUniversities3rd Party RecruitersEmployee Referrals

Pitfalls associated with these resources

“Hot” industries and economic sectors“Most Wanted” professional

competencies