American companies contemplating an overseas expansion have got their work cut out for them.
Data on labor costs, taxes, mandated employee benefits, English proficiency and even political stability should be studied to get a clear picture of the right site.
Union influence, workplace regulations, benefit costs and real estate rules can vary dramatically between the United States, Europe and developing countries.
That's not to say an overseas site isn't available -- and more importantly -- profitable for expanding companies. It's just that extra careand homework are required when treading on new ground.
Expansion Management Magazine's Ratings '98 issue includes some starting points for companies on the move to consider.
Overall business climate, manufacturing wages, unemployment rates, gross domestic product and changes in consumer prices are key indicators of what's going on inside a country.
But prudent companies won't stop there.
Free information from Expansion Management's Site Location Specialists is available to businesses that want to know more.
To request international data, fill out the site location information card in this issue or contact us at
1-800-839-7263, ext. 247.
For the Special 1998 Ratings Issue contact knichols@newhope.com.