Socioeconomic and cultural aspect
-Population, growth of population
-Labor force (distribution of labor in different sectors of the economy)
-Level of unemployment and underemployment if applicable (take historical
perspective)
-Human Development Index Rating
-Cost of labor (per hour, per day, per month), if possible also find cost of
labor in specific fields (especially in the industry you want to enter)
-Skill of labor force (literacy, educational level –percentage that attend
elementary, high school, college – technical skills available, managerial talent
available, etc.)
-Union influence (% of employees represented, role of union, are they
powerful? Are strikes typical, do unions work well with management, etc.)
-Employment regulations (both Heritage and WB have info on the freedom
that companies have in dealing with the workforce)
-Language (diversity of languages)
-Ethnicity in population, issues between ethnic groups
-Gender issues if any (participation of women in workforce)
-Religion (diversity of religions practiced), degree to which religion impacts
culture
-Cultural values …at a minimum look up Hofstede’s research (website
provided in my links) but try to find specific culture practices at work:
employee participation, typical organization — small, family-owned, stateowned?
