In an exclusive extract from The Corporate Guide to Expatriate Employment, edited by Jonathan Reuvid, Stephen Asher, of specialist taxation and accounting practice Frank Hirth, discusses the need for developing employment strategies and gaining greater understanding of the national cultures of countries in which your organisation operates.
Despite the investment in human capital strategies – including global talent management theories, benchmarking of best practice and performance management tools – in reality there is no 'one size fits all' solution. Instead, managers have to address the operational implications of business needs, international diversity, differences between countries in terms of culture, regulations and administration, and the complexity of the resultant environment.
In addition, the largest multinational enterprises represent only a small percentage of the total number of organisations sending people to work in foreign locations. This is best illustrated by the results of a number of surveys that have consistently shown that a much larger number of companies, including small ones, are now competing in the international marketplace.
Furthermore, whereas large companies have tended to dominate the global business scene, today many small companies operate from greater varieties of business sectors and headquarter locations. Indeed, from available data it can be seen that over 90% of the expatriate populations of international organisations comprise between one and 500 individuals. The very largest expatriate populations of over 500 assignees represent less than 10% of the market.
The rest of this article can be read at Relocate Magazine - Developing your Cross-Border Employment Strategies