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International Human Resource Management
ACN Inc is a UK based company who wishes to expand in other markets. The company offers wide range of products. Presently it is centralized to UK but wishes to expand its operations to India or Srilanka.
To chose out of the two countries the external environment analysis of two countries has been carried out with the help of Pestle analysis.
Cultural factors- the cultural practices of both the countries is quite similar except for some minor differences. However they are in complete contrast with respect to UK business norms.
Compensation benefits of both the countries is similar but different from UK economy. Allowances which enjoy tax exemptions India and Srilanka are taxable in UK.
India has a huge pool of untapped human potential. Indian managers have made their way and name in the international market. Also India is very flexible in adjusting to the demands of others. The country offers huge scope and resources for business development. In the coming future it is anticipated that the without India the overall global economic growth of other countries will slow down. Hence it would be vital to invest.
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