Presentation on theme: "Advice for GAWS Bandages Pty. Ltd. Global Human Resource Strategies: Costs, Skills, Supply Prepared by ManDenMorg Global Consulting Pty. Ltd. Inc. Co."— Presentation transcript:
Advice for GAWS Bandages Pty. Ltd. Global Human Resource Strategies: Costs, Skills, Supply Prepared by ManDenMorg Global Consulting Pty. Ltd. Inc. Co.
Australia has a high cost of labour Reduce costs through outsourcing Increase efficiency Increased supply of highly skilled employees Why Global Strategies?
Dependent upon: Business risk Service quality Infrastructure Business regulations Political stability Language skills What Considerations Must Be Made?
A business planning on expanding overseas needs to assess which staffing approach to use. These include polycentric, geocentric, and ethnocentric. Polycentric: Using host-country staffing with parent-country staff in corporate management at its headquarters. This helps the company access good market knowledge, is often cost efficient, and satisfies local pressure for employment opportunities. It may limit management for experience for host-country staff however. Staffing Approaches
Geocentric: A staffing approach that uses the staff with the most appropriate skillset for a particular role and location, and builds a pool of managers with global experience. This can be a complex and expensive policy, however, due to local employment regulations, relocation, and retraining costs. Ethnocentric: An approach that uses parent-country staff in its business. This may limit its ability to interact with customers and learn from overseas markets.