JenniferJohnson296-MT203-Unit9-Florida Company-Nike-Performance Sports1

JenniferJohnson296-MT203-Unit9-Florida Company-Nike-Performance Sports1

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Florida Company/Nike/Performance Sports1 h: FLORDIA COMPANY/NIKE/PERFORMANCE SPORTS Florida Company Fasten Its Sights on Global Growth Nike: Hiring Gets Off on the Right Foot Pay Decisions at Performance Sports Jennifer Johnson Kaplan University MT203: Human Resources Management Carol Hannon April 24, 2010
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Florida Company/Nike/Performance Sports2 Florida Company Fasten Its Sights on Global Growth The mere mention of the word “Globalization” can send employees from all levels of a corporation into frenzy. Some of the most frequent terms associated with globalization are outsourcing and downsizing, which can give employees a sense of losing their jobs to much cheaper markets. It has been a proven fact that a backlash from current employees is “real” since sometimes the loss of jobs is obvious. This however can be far from the truth if the company has done its research and has a strategic plan in place to ensure both employee and the company benefit from this important step towards doing business on a greater scale. Building a new 100,000 square-foot building as well as opening a sales office for the European market will probably be the easiest step to accomplish for Professional Products, Inc. in their quest to go global. The key to the success of going global for Professional Products, Inc and every other company is to be able to effectively manage all resources while doing business in a place that could be by definition, totally unknown. Three of the many elements that could impact Professional Product growth strategy particularly regarding recruitment, hiring and retention of employees while doing business internationally are: Established plan to obtain the work force needed to accomplish the new business goals. Total awareness of the cultural and background of the new host country. Training and development plan to avoid voluntarily attrition of current employees while doing business abroad as well as retaining current employees. Professional Products Inc. does not seem to have a thought out plan to going global other than knowing the measurements of their new building. The company takes pride in never having to lay off employees and never going into a hiring panic mode. The company stated that no jobs were going to disappear. They also confirmed that no decision has been made that would change their strategy and result in jobs being lost as the result of the company going global. Professional
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Florida Company/Nike/Performance Sports3 Products Inc is planning on cross-training employees to accommodate the expansion of the business and will most likely utilize expatriates or home-country nationals, which are employees from the home country which will go on an international assignment (Managing Human Resources, 2007, p. 646). This will be a good booster for morale of the employees but can be very costly for the company. Statistics show that “Expatriate assignments cost companies, on average, $1 million over a three-year period” (Managing Human Resources, 2007, p. 647).
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This note was uploaded on 11/07/2010 for the course MT203 MT203 taught by Professor Carolhannon during the Summer '10 term at Kaplan University.

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JenniferJohnson296-MT203-Unit9-Florida Company-Nike-Performance Sports1

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