Canada a safe bet for multinationals looking to curb human capital risk
When multinational corporations consider establishing a presence in a new region, they seek to minimize risk on a number of fronts, avoiding countries with widespread corruption and political volatility, for instance, and seeking favourable tax regimes. As human capital becomes an increasingly crucial component of business success, more companies are looking for cities in which their `people risk` ` difficulty hiring and retaining qualified, productive employees ` will be as low as possible. According to a new Aon Hewitt study, Canada performs well on this score, with three cities ` Toronto, Montreal and Vancouver ` on the HR consulting firm`s top ten list of lowest risk cities worldwide for human resources.
`Businesses should be taking a longer term view of the labour supply and the ability to sustain a business in any given region,` says Scott Bunker, talent practice leader for Aon Hewitt Canada, on the implications of the index. `People risk can translate into unexpected costs, particularly if you`re not aware of these issues. Companies need to consider all of these risks when they are looking at moving to lower cost markets, and not focus simply on the costs of doing business in the short term.`
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