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 email@example.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..
120 Robertson Rd 13-01
Phone : +65 6557 0914
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.
Places4Students.com Partners with Wilfrid Laurier University - Waterloo to Provide Off-Campus Housing Solutions
Global Petroleum Coke (PetCoke) Market: Trends & Opportunities (2013-18) - New Report by Daedal Research
More Companies Look to Diversify Training Delivery Via E-learning Methodologies
Real Estate Company Nestler Poletto Sotheby's International Realty Accounced New Properties in Delray Beach
HR&P Offering Employee Benefits & Human Resource Services for Business in San Antonio, Texas