Hold On To The Expats
Sean Maguire, ShanghaiDaily.com | December 16, 2009
In the present financial crisis many expats are dropped by their home company in favor of local hire. ++ Although this presents a significant cost reduction to the head office initially, the mid- to long term effects of dispensing with key personnel are often not recognized. ++ This is part of a larger trend in which managers are allowing "short-term considerations to overwhelm desirable long-term grown and sustainable profit objectives." ++ Once the economy improves, companies are going to need their best men and women to exploit the market upturn.
Tags: | expats |
financial crisis |