Eastern and Western economic hardship pay retrenchment reflects cultural differe
As the global economic recession, the Western countries, whether bankers or factory workers, may face the risk of losing their jobs, while the Eastern countries of the workplace for those who may be on a pay cut. Human resources experts
be attributed to cultural differences, Asian companies will be in a difficult time even harder to preserve the jobs, which helped to contain unemployment, may also help Asian economies slow down in exports remain robust occasion .
East Asia more paternalistic companies that may help get rid of it quickly the impact of economic weakness, because when the economy recovers, these companies do not need to re-hire or train new staff. Some experts predict that Western countries will draw on the Eastern model of flexibility.
Singapore Management University associate professor of organizational behavior MichaelBenoliel that promote Confucianism in trouble with when they have a sense of collective responsibility, while Western culture more emphasis on individual survival.
In Hong Kong, France, Credit Agricole CLSA's senior staff in order to avoid layoffs, agreed to a voluntary pay cut of 25%. When the SARS epidemic in 2003 affected business, the company has a similar pay cut.
Who asked not to be named, told Reuters CLSA Western staff, said he agreed to pay cuts because, if you do not agree to become colleagues in the eyes of the "scum."
Chartered Semiconductor companies are also due to the imposition of temporary wage loss 5-20%, biggest drop in senior management. In Japan, the chip maker Elpida CEO pay half.
Search firm Aquent's Asia regional director for StevenPang that many East Asian companies feel obliged to take care of family members of the company tide over the crisis, although it may temporarily incurring losses.
He pointed out that in sharp contrast, Western firms are often considered necessary to make strong statements to investors that their determination to reduce costs.
Multinational Romans do
Such as General Motors and Goldman Sachs, and many large U.S. firms plan job cuts, but the Asian branch of the multinational force would be relatively small cuts.
Benoliel said that enterprises in different countries to the Romans, these multinational corporations in Asia, layoffs tend to exercise restraint so as not to damage the local market sales and future recruitment.
RobertWalters responsible for executive search firm in Singapore, Malaysia and Thailand business MarkEllwood that most Western countries, labor laws tilted to the employees, so companies pay easily attracted lawsuits, layoffs in many cases it is easier.
And East Asian countries, laws are often inclined to employers, so they can be more creative approach, and the government and the public also support the practice of preserving jobs.
Such as Singapore to encourage companies and unions to implement "floating wage" that allows companies to adjust wages according to economic conditions, so the unemployment rate was only 2.2%.
Japan's September unemployment rate was 4% higher than January's 3.8%; Hong Kong unemployment rate held steady at 3.4%. The U.S. unemployment rate in October is estimated to have risen 6.3%.
But experts point out that although the practice of East and West is now significantly different, but this gap will narrow, due to the increasing globalization of business, competitive pressures will force enterprises to study the best model for our competitors. President of Singapore Human Resources Institute
He Yuzhu that the global crisis, doubts the Western business model, expected to be gradual to Asia's corporate culture more paternalistic approach.
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