Page 219 - Aamir Rehman - Dubai & Co Global Strategies for Doing Business in the Gulf States-McGraw-Hill (2007)
P. 219

Building Your Team: Human Capital Strategies for the GCC       201

























        Figure 7.5 The hiring balancing act


        in other markets. As the GCC market is rapidly evolving and adopt-
        ing norms from other regions, an understanding of outside markets
        is becoming absolutely critical to strong performance. Global
        expertise is especially critical in the more technical aspects of work
        such as financial analysis, technology, and marketing execution.
        Expatriates, who are part of the same global firm and are brought to
        the region through transfers from other markets, bring with them
        the company’s worldwide corporate culture. By “culture” I mean
        both concrete best practices such as credit assessment and
        document formatting and more intangible elements such as
        expertise in client focus and cross-functional collaboration. While
        the concrete aspects are easier to impose from outside, the more
        intangible ones generally require a core group of staff who have
        experienced the culture of other offices and bring those cultural
        values with them.
             Expatriate hires will, however, typically have very limited
        knowledge of the GCC market. Arabic language skills, except of
        course among Arab expatriates, will generally be limited. A firm’s
        expatriate talent pool will generally need quite intensive training
        and orientation in the market dynamics of the Gulf in order to be
        fully effective in the region. Over time, expatriates will likely
        develop a deeper understanding of the market through their own
        experience. Savvy firms will take measures to ensure that they
   214   215   216   217   218   219   220   221   222   223   224