Question

In: Economics

Describe and discuss one (01) recommendation you may have for multinational corporations in doing business in...

Describe and discuss one (01) recommendation you may have for multinational corporations in doing business in chile

Solutions

Expert Solution

The one recommendation will be:-

Comprehending the Labor Costs and the Nature of Recruiting Local Talent-

The MNC's must engage with employees in the local markets and negotiate the terms of agreements with them while hiring. Chile has some perplexing labor and legal systems which leads the companies to discuss the salary figures in net terms with the employees. The MNC's must take the employees net salary and add 20%-25% to it to determine how much exactly the employee will cost to the company per month. The employees chosen must fit into the culture adopted by the MNC in Chile. The companies must hire local people of the country rather than employeeing people from its home country.


Related Solutions

Describe the role of multinational corporations in the global business environment and what are the challenges...
Describe the role of multinational corporations in the global business environment and what are the challenges and key business drivers of a multinational corporation ?
Describe and discuss one (01) macro dimension of chile
Describe and discuss one (01) macro dimension of chile
describe an IT or similar business project you have done or are currently doing. In your...
describe an IT or similar business project you have done or are currently doing. In your discussion, provide information on the following: 1.  What is that project? Provide complete description. Consider using PPM. 2.  What was the scoop, deliverable, and results of the project? 3.  What constraints did you experience and how did you handle them? 4.  If you had to do the same project again, what changes will you recommend?
List and describe three disadvantages MNC’s (Multinational Corporations Article Reflection) have on Developing countries
List and describe three disadvantages MNC’s (Multinational Corporations Article Reflection) have on Developing countries
Consider what you have learnt about 1) the financing of multinational corporations, including the factors to...
Consider what you have learnt about 1) the financing of multinational corporations, including the factors to be evaluated when identifying appropriate methods of financing, and 2) the strategies used by multinational corporations to manage their working capital and cash flow. Select a MNC and record, in your journal, your response to the following questions, in 500 words or less: Identify two methods of financing that your selected MNC currently uses. How does this company manage its capital and cash flow?...
Name six to eight different types of tax structures for business and multinational corporations.
Name six to eight different types of tax structures for business and multinational corporations.
Discuss how capital budgeting differs between domestic-only and multinational corporations. Briefly describe the two approaches we...
Discuss how capital budgeting differs between domestic-only and multinational corporations. Briefly describe the two approaches we used for a multinational corporation and how they determine whether or not you would accept or reject a project
Describe the ways in which multinational corporations are able to reduce their global exposure to tax...
Describe the ways in which multinational corporations are able to reduce their global exposure to tax liabilities. Be sure to identify the primary tools used and the potential financial benefits from successful tax management programs.
Background: You own a mid-size accounting business. You have been doing the taxes for one particular...
Background: You own a mid-size accounting business. You have been doing the taxes for one particular company for three years. Last month the partners failed to meet you for a quarterly appointment set up two months ago. You call the company to reschedule, and one of the partners tells you, "We have actually switched to another accounting firm." When you ask why, the response is, "I don't really know. That was Jim's decision." What should you do and how can...
Introduction You own a mid-size accounting business. You have been doing the taxes for one particular...
Introduction You own a mid-size accounting business. You have been doing the taxes for one particular company for three years. Last month the partners failed to meet you for a quarterly appointment set up two months ago. You call the company to reschedule, and one of the partners tells you, "We have actually switched to another accounting firm." When you ask why, the response is, "I don't really know. That was Jim's decision." Instructions Answer the following: What should you...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT