Greece presentation complete1

HR in Greece

presented by Isabel Comas, Mert Firat, Shawanna Harvey, Steve McKennis

and Rae Williams

Location

Source: http://www.state.gov/r/pa/ei/bgn/3395.htm

History and culture

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_landscapes1.htm

Greece Today

Greece Today

Ethnic Identity

Multiple Occupations

War of Independence

Source: http://www.greekcacti.com/

Greek Life Today

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

Greek Business Today

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

Hofstede Indices

Distance Index (PDI) = 60

Individualism (IDV) = 35

Masculinity (MAS) = 57

Uncertainty Avoidance Index (UAI) = 112

Economy

Members of EU

Monetary Unit = Euro

GDP (2009) = $333.4 billion 35th Worldwide 76% Services, 21 % Industry

Labor force = 4.9 million

IMF Beneficiaryhttp://topnews.com.sg/content/21589-greek-economy-shrinks-others-hike

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

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/

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

Economic Challenges

Actual implementationof policy changes

Public unrest

Labor Unions

Source: http://www.washingtontimes.com/news/2010/mar/08/europe-plans-its-own-crisis-fund/

Greeks in Crisis

Overview of HR in Greece

New economy

New jobs

Economic development

Economic outlook

Source: http://www.nationmaster.com/country/gr-greece

Overview of HR in Greece

Contribution of Labor to GDP per Capita

Source: OECD Compendium of Productivity Indications 2008

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

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

Business in Greece

Business in Greece

Business in Greece

Business in Greece

Changes in Business

Careers

Food and Beverage

Banking/Finance

Chemicals

Tourism

Petroleum

Shipping

Technology

Telecommunication Source: http://www.assertive.gr/news-press-releases.php

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

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

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

Lack of formal communication

Terminations subject to government control

Terminations exceeding 2% require approval

Authority of Minister of Labor and Social Affairs

Discipline

Young Workers

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/

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

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

Questions?