NOVEMBER 2017HR TECH OUTLOOK8In My OpinionGlobalization continues to be a significant influence on today's business environment. Trends such as changing trade barriers, growth in labor migration, ongoing improvements to technology, and the constant pressure to achieve bottom-line results are all pushing many organizations too look outside their borders­and possibly outside of their comfort zone­to expand their operations. As they do, these organizations are going after a very real--and a very significant--opportunity. According to recent research from Accenture, emerging economies will represent more than half of the global GDT in the next decade, and more than 65 percent by just 2030. In other words, these new markets represent a target-rich environment, and one that most organizations would be wise to pursue.However, the strategy of "going global" requires much more than merely establishing a new footprint in a foreign country. With globalization comes increased risk and complexity, especially related to workforce management. Why focus on workforce management? Consider that businesses that expand to new geographies must rethink the ways they build and manage a high-performing workforce to span various cultures, regions, and countries. As a result, creating a global workforce management strategy is not just a "nice-to-do" item on a corporate checklist­it is critical to achieving ongoing success.If you're considering globalization, the following are four key elements to include when developing a successful global workforce management strategy. #1: Embrace Global StandardizationThe concept of standardization is extremely important when it comes to managing a workforce across many different geographies, especially when you think about the many possible challenges in the way. Siloed business processes, disparate systems and platforms, different organization Kristina Lengyel, VP, Global Professional Services, Kronos IncorporatedFour Keys to Building a Global Workforce Management StrategyByKristina Lengyel
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