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.

Commenting has been deactivated in the archive. We appreciate your comments on our more recent articles at atlantic-community.org