|
Last updated: 1 December 2008
|
The international aspirations of individuals, businesses and countries are taking an unprecedented turn as the first decade of the 21st century comes to a close. Globalization today encompasses not only the free-flowing exchange of goods, but of capital, technology, even services and labor. The world’s economies find themselves linked in ways virtually unimagined only a generation ago.
This latest wave of globalization has resulted in unprecedented cross-border opportunities and has unleashed powerful market forces that are reshaping the who, what, where and, most significantly, the how of doing business internationally.
Global firms’ continued growth and success depends on their ability to compete for top-notch talent. Today, they are asking:
Business and HR leaders must look beyond traditional solutions to find answers to these critical questions. They need to establish new rules for effective talent management and they must exercise creativity and flexibility in meeting the emerging talent challenges presented by globalization. Introducing Mercer’s new human capital anthologyMercer’s new anthology, A whole new world: Managing human capital in today’s global enterprises, contains a collection of 10 article authored by Mercer experts worldwide. It reflects the talent issues organizations face as they navigate in the new era of globalization, and it describes steps that some are already taking. It identifies what organizations are doing – or should be doing – to position themselves for success.
Introduction
Globalization today not only encompasses the free-flowing exchange of goods, but of capital, technology, even services and labor. The world’s economies find themselves linked in ways virtually unimagined only a generation ago. This latest wave of globalization has resulted in unprecedented cross-border opportunities and has unleashed powerful market forces that are reshaping the who, what, where and, most significantly, the how of doing business internationally.
A question of quality: Assessing workforce potential in emerging economies
Which of the world’s emerging economies are likely to fill the need for talent in today’s hypercompetitive global market? The obvious answer may not be the right one for all companies. This article presents a framework for assessing workforce potential in emerging markets worldwide.
Play podcast with Damien Deluca (7:33)
Shifting gears: GM redesigns its compensation system to support global business success
The shift to a global business model highlighted the impact of inconsistencies in the compensation structure at General Motors. This article discusses how GM successfully implemented a global compensation framework in two years and the important role Mercer’s International Position Evaluation (IPE) system played.
Play podcast with Darrell Cira (6:35)
Raising its game: HR transforms to play a central role in global business success
Organizations worldwide are transforming their HR functions into strategic business partners. Much of this change has been driven by the need to support the growing globalization of business. This article describes the challenges organizations face as they globalize their HR functions and presents a model that can be used in reshaping the HR function to better support global business success.
Play podcast with Mike Theaker (8:31)
Smart moves: Making the most of international assignments
In recent years, multinational corporations have placed global assignees throughout the world in record numbers as they look to grow business, develop globally minded managers and effectively place talent where it’s needed most. Mercer experts on employee mobility discuss the history of international assignments, the latest trends and the implications for employers worldwide.
Play podcast with Carlos Mestre (6:03)
Talent at the top: The growing challenge of global leadership talent management
Building a pipeline of future global leaders – ready to meet the complex commercial, political and cultural dimensions of international leadership – is a critical and growing challenge for companies worldwide. This article presents a success formula, flowing directly from business strategy, for identifying and developing the executive talent needed to drive future success.
Play podcast with Colleen O'Neill (5:34)
Minding the gap: Delivering retirement benefits to globally mobile employees
In today’s globalized business world, retirement benefits have become increasingly important to both employers, who want to manage their costs while rewarding key talent appropriately, and to employees, who want to ensure adequate accumulation of retirement funds, even as their work takes them to different locations. This article describes issues and emerging approaches for providing retirement benefits to a mobile workforce.
M&A beyond borders: Opportunities and risks
As the world of M&A has become global, companies around the world are looking for opportunities in far-flung locations. To be successful, they must consider all of the risks – political, economic, cultural, environmental, human capital and more – before committing to the deal. This article shares insights from a global study of executives on M&A trends and from Mercer’s global experience in helping companies manage their business transactions.
Global health management: Discovering value and savings in a time of escalating global health care costs
Rising health care costs are a growing concern for multinational firms, and many are considering global solutions that have the potential to deliver significant cost savings and value. This article describes how to address the complex issue of global health management and arrive at a solution that produces the desired results.
The evolution continues: Outsourcing’s growing role in managing and engaging global workforces
As the HR function continues its strategic evolution, the outsourcing of transactional work, such as benefits administration, also keeps evolving. HR executives today are noting how new outsourcing models are providing a more personalized and integrated employee experience, spurring the move to data analysis and the extraction of more useful information for managing – and engaging – a global workforce.
What the future holds: Global rewards strategy 2013
Three major trends are driving changes in the traditional employment model and in rewards program design. In this article, three Mercer experts provide regional perspectives on these trends and explain how to develop a longer-term rewards strategy to attract, engage and retain the workforce you need at an affordable and sustainable cost level.
Global insights: Key findings from 10 of Mercer's major global surveys
|
Download anthology PDF (11 mb)
Click here to request a hard copy of Mercer’s new anthology, A whole new world: Managing human capital in today’s global enterprises.
Other human capital anthologies
Mercer has published a series of anthologies on various human capital topics and issues. Click below to learn more.
The challenge of change: Transforming business through better human capital management
The
effective global workforce The value of people: Insights on human capital
|
Read our global Human Capital Perspective newsletter
Mercer publishes the global Human Capital Perspective newsletter six times a year. Read the latest issue here or subscribe to receive future issues.
|
|
 |
Terms of use | Privacy |
Help | Site map | Mercer's Client Extranet©2009 Mercer LLC, All Rights Reserved |
