Greece presentation complete1

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HR in Greece (Less Rae's Part)

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  • Distance Index (PDI) for Greece is 60, indicating significant distance between those with power and those without power. The relatively high score – when compared with a global average of 55 – reflects that distance is accepted on numerous levels of in Greek society, including those lacking power. The individualism (IDV) in Greek society is low at 35, given the global average of 43. Its low individualism index, however, manifests itself in a strong family culture with tight bonds. Masculinity (MAS) is slightly stronger in Greek society with a score of 57 versus a 50 in the rest of the world. Greek society is a little more assertive and competitive than the moderate and compassionate values reflected in women’s values, according to the Geert Hofstede cultural dimension. Uncertainty Avoidance Index (UAI) is nearly twice in Greece at 112,
  • population growth rate of 10.6% with an average life expectancy of almost 80 years
    a 96% literacy rate and median age of 42 years
  • Import ($64 billion) - machinery, transport equipment, fuels, chemicals; Partners = Germany 11.11%, Italy 11.05%, Cyprus 7.28%, Bulgaria 6.74%, US 4.95%, UK 4.4%, Turkey 4.23% (2009)
    Export ($21 billion)- food and beverages, manufactured goods, petroleum products, chemicals, textiles; Partners = Germany 13.73%, Italy 12.71%, China 7.08%, France 6.1%, Netherlands 6.02%, South Korea 5.68%, Belgium 4.34%, Spain 4.08% (2009)
  • partly to infrastructural spending related to the 2004 Athens Olympic Games, and in part to an increased availability of credit, which has sustained record levels of consumer spending.
  • Priminister of Greece, George Papandreou

    An uptic in widespread unrest, however, could challenge the government's ability to implement reforms and meet budget targets, and could also lead to rioting or violence. In April 2010 a leading credit agency assigned Greek debt its lowest possible credit rating; in May, the International Monetary Fund and Eurozone governments provided Greece emergency short- and medium-term loans worth $147 billion so that the country could make debt repayments to creditors. In exchange for the largest bailout ever assembled, the government announced combined spending cuts and tax increases totalling $40 billion over three years, on top of the tough austerity measures already taken.
  • An uptic in widespread unrest, however, could challenge the government's ability to implement reforms and meet budget targets, and could also lead to rioting or violence. In April 2010 a leading credit agency assigned Greek debt its lowest possible credit rating; in May, the International Monetary Fund and Eurozone governments provided Greece emergency short- and medium-term loans worth $147 billion so that the country could make debt repayments to creditors. In exchange for the largest bailout ever assembled, the government announced combined spending cuts and tax increases totalling $40 billion over three years, on top of the tough austerity measures already taken.
  • 214 Class submarine under construction at the Hellenic Shipyards
  • Vocational training – Navigator Consulting Group
  • Photo: SAP Forum 2010: See Your Way Clear, at Athenaeum Intercontinental on 28th April 2010
  • Greece presentation complete1

    1. 1. HR in Greece presented by Isabel Comas, Mert Firat, Shawanna Harvey, Steve McKennis and RaeWilliams
    2. 2. Location Source: http://www.state.gov/r/pa/ei/bgn/3395.htm
    3. 3. History and culture
    4. 4. History and culture  Ancient Greece and Influence  Country Profile  The Hellenic Republic  Flag  Population of 11.2 million  Greek language  Greek Orthodox Christianity  Parliamentary Republic Source: http://www.nybg.org/botany/mori/ecotours/Crete_06/Greece_Mani/Mani_landsca es1.htm
    5. 5. GreeceToday
    6. 6. GreeceToday  Ethnic Identity  Multiple Occupations  War of Independence Source: http://www.greekcacti.com/
    7. 7. Greek LifeToday  Urban settlement  Home ownership  Public/Private distinction  Food for guests  Music and dance  Family first  Education  Patriarchal society Source: http://www.townandcountrytravelmag.com/vacation-ideas/best- vacations/greek-islands-summer08
    8. 8. Greek BusinessToday  Traditional management styles  Loyalty  Meetings/Emotions  Vertical information flow  Eye contact and distance  Business meals: do not talk business  Punctuality Source: http://www.investingreece.gov.gr/default.asp?pid=25&la=1&n=238
    9. 9. Hofstede Indices  Distance Index (PDI) = 60  Individualism (IDV) = 35  Masculinity (MAS) = 57  Uncertainty Avoidance Index (UAI) = 112
    10. 10. Economy  Members of EU  Monetary Unit = Euro  GDP (2009) = $333.4 billion  35th Worldwide  76% Services, 21 % Industry  Labor force = 4.9 million  IMF Beneficiary http://topnews.com.sg/content/21589-greek-economy-shrinks-others-hike
    11. 11. Economy  GDP Makeup  40% Public sector  15%Tourism  3% EU aid  Imports/Exports  3:1  Largest Partners  Germany  Italy http://www.guardian.co.uk/business/2009/nov/30/greece-economy-budget-deficit-fears
    12. 12. Economic Crisis  GDP Growth  2003 – 2007 = 4%  2008 = 2%  2009 = (2.9%)  Deficit (2009) – 13.7% of GDP  Inflation – 1.2% (2009); 4.1% (2008)  Unemployment (2009) – 9.5% http://www.ritholtz.com/blog/2010/02/the-crumbling-greek-economy/
    13. 13. Economic Crisis  Unpopular Economic Reforms  government spending  size of public sector  tax evasion  health care and pension systems  competitiveness through structural reforms to the labor, product markets  Lowest possible credit rating (4/2010)  $147 billion Emergency Loans from IMF and Euro-zone governments Source: http://www.praguepost.com/business/3701-greek- dance-with-default-shifts-burden-to-other-eu-members.html Prime Minister of Greece, George Papandreou
    14. 14. Economic Challenges  Actual implementation of policy changes  Public unrest  Labor Unions Source: http://www.washingtontimes.com/news/2010/mar/08/europe-plans-its-own-crisis-fund/
    15. 15. Greeks in Crisis
    16. 16. Overview of HR in Greece  New economy  New jobs  Economic development  Economic outlook Source: http://www.nationmaster.com/country/gr-greece
    17. 17. Overview of HR in Greece Contribution of Labor to GDP per Capita Source: OECD Compendium of Productivity Indications 2008
    18. 18. Overview of HR in Greece Development of Human Resources  Businesses and employees  Health system  Gender equality  Employment and unemployment  Young, disabled and unemployed  Women and migrants Source: http://hydrogencommerce.com/index16.htm
    19. 19. Overview of HR in Greece  Quality of production  Talent, employment, training, and development  Employee focus  Employment rate  Quality of human capital Source: http://www.navigator-consulting.com/hr_development_programmes.shtm
    20. 20. Business in Greece
    21. 21. Business in Greece
    22. 22. Business in Greece
    23. 23. Business in Greece
    24. 24. Changes in Business
    25. 25. Careers  Food and Beverage  Banking/Finance  Chemicals  Tourism  Petroleum  Shipping  Technology  Telecommunication Source: http://www.assertive.gr/news-press-releases.php
    26. 26. Recruitment  Personal contacts  Internal advertising  Speculative applications  Temporary work agencies  1-on-1 interview Sources: (1) http://livingingreece.gr/wp-content/uploads/2007/07/jobs-greece.jpg; (2) http://jobs.justlanded.com/en/Greece/Tourism-Hospitality_Other/Work-as- waitress-all-around-Greece
    27. 27. Compensation and Benefits  Global compensation practices  Large companies benefits  Minimum wage  Seniority/ Marital status  Salaries between genders Source: http://www.thecourier.co.uk/Community/Higher- education/article/6140/lecturer-awarded-11-000-euros-compensation-by- italian-court.html
    28. 28. Employee Rights  Legal workweek: 40.00 hours (private sector) 37.50 hours (public sector)  Minimum work age: 15 years / 12 years  Holidays: 20 days/year (average)  Paid vacation: 1 month/year  Limits on overtime  Maternal leave: Total of 16 weeks  Parental leave: Up to three and a half months
    29. 29.  Lack of formal communication  Terminations subject to government control  Terminations exceeding 2% require approval  Authority of Minister of Labor and Social Affairs Discipline
    30. 30. Young Workers
    31. 31.  Gender pay discrimination  25% in Service Sector  29% in Industrial Sector Social Justice Source: http://www.pbs.org/wnet/wideangle/episodes/pickles- inc/women-at-work-in-rural-communities/2492/
    32. 32.  Gender pay discrimination  By Sector  25% in Services  29% in Industrial  By Level of Education  17% less with high level  215 less without education Social Justice
    33. 33.  Gender pay discrimination  Contributors  Discrimination  Low educational levels  Government Intervention  Law No. 3488/2006 - Expands the concept of equality past merely earnings to include ranking systems and evaluations  Greek Ombudsman – settles equal pay issues Social Justice
    34. 34. Questions?

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