Global Human Resource Strategies: Costs, Skills, Supply Advice for GAWS Bandages Pty. Ltd. Prepared by ManDenMorg Global Consulting Pty. Ltd. Inc. Co.

Why Global Strategies? Australia has a high cost of labour Reduce costs through outsourcing Increase efficiency Increased supply of highly skilled employees

What Considerations Must Be Made? Dependent upon: Business risk Service quality Infrastructure Business regulations Political stability Language skills

Staffing Approaches 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.

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.