High-Growth Markets Like China and India Require Unique Workforce Strategies According to New Research

Identifying local business situations and adapting global practices are critical for success

Singapore (I-Newswire) December 16, 2013 - New research by Drs. James and Alison Eyring of Organisation Solutions suggests that many companies in high-growth markets like China and India are not getting their HR strategies right.

Companies can optimize success in these demanding markets by creating workforce strategies and corresponding practices that match local business and market demands. Unfortunately, many organisations rely on global or regional strategies that fail to meet local demands. Ultimately, this impacts the company's ability to attract and retain talent, which impacts its business results.

The research on over 30 companies in China, India and Indonesia examined how large MNCs determined their local HR strategies. The most successful companies adapted their strategy to the local market. For example, successful companies in China tended to focus on Key Talent Strategies to attract, develop and retain great talent. Successful companies in India tended to focus on Position Planning Strategies to ensure they have successors for key roles.

"Being strategic is about getting off the treadmill. So often in rapidly growing organizations, we are putting processes in place to close gaps. However, growth is causing the gaps to grow faster than we can close them. A good strategy gets us ahead of the curve and prevents the gaps from appearing in future," explains Dr. James Eyring, COO of Organisation Solutions.

The research shows that it is important that the company's strategy is relevant in the local marketplace. To meet this test the strategy should be integrated, comprehensive, differentiated and well executed. An internal audit of HR processes allows a company to identify a few key areas for improvement.

Finally, successful companies examine how they can adapt global HR practices to the local market so that they can drive business growth in emerging markets.

"Over the past five years, many companies have standardized their HR process globally to cut costs and spread best practices across the globe. This approach creates problems in high-growth markets," according to Dr. Alison Eyring, CEO of Organisation Solutions.

Creating a balance between local and global HR strategies is critical in addressing the unique needs and creating success in high-growth markets.

The research is based on a two-year study of over 30 large, global MNCs operating in China, India and Indonesia. The white paper summary of the research is a must read for executives and HR practitioners who work in or with high-growth markets. For a copy of "Workforce Strategy for High-Growth Markets," by Drs. James and Alison Eyring of Organisation Solutions, which explains how to create a corporate workforce strategy and the corresponding processes that will work for your company, please contact Andrea McIntyre. This white paper is available free of charge.

About Organisation Solutions
Since 2000, Organisation Solutions has worked to help clients grow sustainably through improved strategy execution and accelerated team and leadership development. The company is headquartered in Singapore and operates globally with emphasis on high-growth and emerging markets. Its team has more than 40 consultants located across 5 continents. For more information please visit www.organisationsolutions.com.

For media enquiries
Please contact Andrea McIntyre at +65 6557 0914 or andrea.mcintyre@organisationsolutions.com

About Organisation Solutions

Organisation Solutions integrates the best of research and practice to provide solutions that work g   More..lobally and address the unique needs of high-growth and emerging markets. We make it easier for your company to grow by tailoring a bespoke solution that creates lasting change.

We work across 5 continents to help our clients achieve sustainable growth that is based on a foundation of sound strategy, great execution and a capacity to learn and change in ways that are good for the company and employees.Less..

Contact Information

Organisation Solutions
Andrea McIntyre
120 Robertson Rd 13-01
Phone : +65 6557 0914

Published in:

Business > Human Resources

Published On:

December 16, 2013

Print Release:

Print Release

If you have questions regarding information in this press release contact the company listed above. I-Newswire.com is a press release service and not the author of this press release.The information that is on or available through this site is for informational purposes only and speaks only as of the particular date or dates of that information. As some companies and PR Agencies submit their press releases once per week,month or quarter, make sure to check the official company website for accurate release dates as our site displays the I-Newswire.com press release distribution date only.We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for or omissions in that information or for actions taken in reliance on that information.

Related Releases

South Africa Investment Forum 2014 JumpStarts Nelson Mandela's Vision with EZ-XPO
eZ-Xpo in partnership with SOSA-2030 who are the supporters of the South African Investment Forum 2030 (SAIF 2030) sponsored by ICON Business magazine will launch the World's 1st global forum to follow Nelson Mandela's dream by reigniting a global c

The Latest Version To EzPaycheck 2014 Includes Form 941 Update For Business Owners
Payroll software developer halfpricesoft.com released new ezPaycheck payroll software with 2014 tax tables and tax forms. Employers that need to file form 941 in time can test drive at www.halfpricesoft.com

Custom Yard Signs with H-Wire
MBK Media Group proud themselves on being to offer the latest and greatest in print and design work.

Spencer & Barnes Ltd. Is a Partner of the FXIC 2014 Exhibition in New York City
Spencer & Barnes Ltd. today announced that they will be sponsoring the FXIC NYC 2014 (www.fxic.com), a global foreign exchange industry conference. The event will be on the 20th of June 2014 at the Grand Hyatt in New York City.

Bringing Celebrated Coaches and Speakers Together, District 30 Toastmasters Sets the Stage for Spring Conference 2014
In a move to improve speaking and leadership skills, District 30 Toastmasters brings globally acclaimed speakers to the stage