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Hewitt Quarterly
Asia Pacific
is made possible through the combined skills and experience
of Hewitt consultants from across the Asia-Pacific region.
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For further information please
contact:
Hewitt Associates
2601-05 Shell Tower
Times Square
Causeway Bay
Hong Kong
Tel: (852) 2877-8600
Fax: (852) 2877-2701
editor-hqap@hewitt.com
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Merger and acquisition activity in Asia Pacific has increased dramatically in recent years. In 1998, Asian M&A transactions accounted for only approximately eight percent of worldwide deals. Today that figure is closer to 25 percent. And while the potential strategic and financial benefits of a deal are significant, the uncertainty brought about by poorly managed HR issues can ultimately lead to its failure if not properly addressed in the early stage.
According to one senior HR executive, "You can buy the best company in the world and kill it in the first 30 days. The benefits of an M&A do not come automatically. Completing an acquisition only buys you the opportunity to generate value: integration is what delivers it."
... Read»
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When foreign compa-nies acquire locally-
owned
companies in China, they are often surprised to
find that Chinese social security and labor laws have
not previously been followed to the letter. Although
not fully complying with all labor regulations is
not unusual among local |
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| Chinese companies, HR
compliance is a nece-ssity for any foreign-owned
business operating in China today. This was precisely
the challe-nge faced by BP Solar China when it started
a joint venture (JV) with an ... Read» |
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India has undergone vast political, social and economic developments in recent years, acceler-ated by the strong forc-es of globalization and information technology (IT). At the heart of this growth lie two core sectors: Information Technology Enabled Services (ITES) and |
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| the Business Process Outsourcing (BPO) industry, both of which continue to grow from strength to strength. In 2005-6, the Indian ITES-BPO sector recorded export revenues of US$6.3 billion, representing ... Read» |
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Since 1949,
China's
pension
system
has
undergone
several reforms
precipitated by
changes in the
political, econo-
mic and social |
| environment. From the introduction of the Old Age Pension in 1951 to the current three-pillar system of today, pension
... Read» |
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| Due in large to the impact of globaliz-ation, China and India have transf-ormed into veritable economic |
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| superpowers in recent years, and it's estimated that by 2050 they will house the world's first and ... Read» |
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| Asia's mar-kets have maintained steady growth in the last year, driven by a heal-thy busin-ess climate |
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| and the ongoing effects of globalization. However, with this growth comes a stark increase in the ... Read» |
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