[photopress:chineseexecutive.jpg,full,alignright]According to Catenon Worldwide Executive Search 60% of U.S. companies with a presence abroad prefer to select native executives who act as the union between the central office and its subsidiaries, rather than expatriate their executives to another country with different business habits and cultures. A survey taken for this European company shows this changing trend in human resoruce management in U.S. multinationals has accelerated in recent years.
U.S. companies are reorienting their business strategies by hiring professionals in the countries in which they are established, in order to guarantee their competitiveness and to reduce costs. The study also indicates that the professional performance of a native executive is better than that of ‘expatriate executives’, since they may be affected by different factors, such as the culture or language, or a lack of knowledge of the country’s legal framework or tax system, which may create obstacles that complicate the success of the business.
This analysis by Catenon Worldwide Executive Search indicates that the main reason that the United States is not creating jobs within its own borders is not so much due to the de-localization of production, but rather to the fact that the selection of professionals depends less and less on nationality and more on personal talent.
Source: PR Newswire