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Incentives Without Borders:
Many Companies Are Shifting Gears in the
Face of Globalization
Corporate life is becoming increasingly
global. From an HR perspective,
it’s clear that more employees
are working in distant lands. Executives
are helping establish new operations;
accountants are auditing the
books of foreign subsidiaries; and
salespeople are expanding their territories.
Most companies are affected in
some way. The result: more interactions
between employees located in
different countries.
The Need for Global Employee Solutions Is Growing
The growth in the number of multinational corporations over the past two decades has been astounding. According to a 2003 article published on Yale Global Online, 60,000 companies entered the multinational category between 1990 and 2003. The review noted that “From a mere three thousand in 1990 the number of multinationals has grown to over 63,000… these multinational corporations directly employ 90 million people (of whom some 20 million are in developing countries) and produce 25 percent of the world’s gross product.”1 There are a number of factors contributing to the increase in the number of multinational corporations. Freetrade agreements and the growth of the Internet are two key factors. In North America, NAFTA has reduced barriers to trade between the U.S., Canada and Mexico. Europe has largely unified its economy through the European Union. These agreements have made it easier for countries to trade with each other through the elimination and reduction of tariffs as well as other reforms. In addition to treaties and trade agreements, the growth of the Internet has reduced barriers to international trade as companies and their customers use the worldwide Web to conduct business. . . .
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Tyler Gentry is a recognition enthusiast and a global account executive in the fields of employee recognition and performance improvement with Minneapolis-based MotivAction. He lives in Phoenix, Ariz., and can be reached at tgentry@motivaction.com.
Karl Glotzbach is a solution architect with 16 years of experience in the incentive industry. Joining MotivAction in 2000, his main role is to provide expertise during the program design phase to ensure all program elements are positioned for maximum results. He lives in Minneapolis, Minn., and can be reached at kglotzbach@motivaction.com.
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