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

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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.

Rahul Sunny answered 2 years ago

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