In 2016, private industry accounted for 2,857,400 non-fatal injuries and illnesses. Nearly all of these could have been prevented by establishing a wise health and safety policy and enforcing strict procedures. When developing and translating safety training procedures for your workplace, you need to give equal consideration to both health…
Globalization, the process by which companies operate through interdependent relationships, allows goods and services, financial capital, and information to flow across international borders. These relationships result in competition among many firms, domestic and international, against one another. Under globalization, financial assets might be borrowed from a lender in one country…
In today’s world of international relationships and trade, project teams may be scattered throughout the world. Team members might be located across regional, linguistic and cultural boundaries. For instance, your corporate office might be in Washington, D.C., and team members might work in regional offices in Japan, China, Brazil, Russia,…
From our experiences in work and life, we know people differ in many ways. In a diverse environment, every day we must negotiate differences in culture, age, ethnicity, gender, religion, health, sexual orientation, socio-economic status and language, to name a few. Each one of these differences influences personal values that…
Before a company can attract local talent, it should develop a strategic global benefits and incentives program. On local, regional and cultural levels, a company must offer benefits programs that compete favorably with offerings from other employers. Here are some considerations. Know the Competitive Landscape A company must know and…
Businesses cannot enter and succeed in new international markets without first hiring and developing successful international employees. This is because businesses cannot consistently rely on sending domestic employees on long-term overseas assignments. When businesses expand into growing markets, they need to develop and groom local talent for supervisory, managerial and…