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Global HRM: Sweden Powerpoint

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This was a human resource academic project on Sweden, done in fall 2016.

Published in: Recruiting & HR
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Global HRM: Sweden Powerpoint

  1. 1. Sweden By: Rebecca Mattia, Alyssa Majewski, Min Jeong Lee, Almer Ljesnjanin, Taewon Kim, Yihan Xu, Cameron Bashner, Justin Wood, Hanxiao Ye
  2. 2. Overview . Capital is Stockholm . Population- 9.6 Million. Third largest Country in Western Europe after France and Spain. . Form of government is a constitutional monarchy . The Riksdag is their parliament and it consists of 349 members in a single chamber . ⅓ of the population goes onto higher education (universities, higher education) . Standard workweek is 40 hours, and minimum paid vacation time is 5 weeks. The labor force participation for men is 68.6 % and in women it is 63.7 %. . Their most important export goods are 1.) Machinery and transport equipment 2.) chemicals, plastic, and rubber products, 3.) electronics and telecommunication products 4.) Road Vehicles and Minerals
  3. 3. Sweden’s National Culture General Info Egalitarian and tolerant society Government promotes feminist, anti-racist, progressive, and anti fascist stances Equal Opportunity- Social classes not prevalent Predominant of the social democratic party Many think it limits personal freedom Anti-Argumentative and Agreeable
  4. 4. National Culture Continued Etiquette in Sweden Meeting and Greeting Gift Giving Etiquette What to Wear? Key suggestions
  5. 5. Conducting Business in Sweden In Sweden, colleagues address each other in a casual manner. Titles like ‘Mrs’ or ‘Dr’ are things of the past. Students and teachers, patients and doctors, employees and employers – everyone is on a first-name basis. Shorter chain of command Swedish companies are less hierarchical than companies in other countries Employees to take their comments, questions or concerns directly to the boss. The equality are important and significant at the work environment in Sweden
  6. 6. Business Climate CONS: Low population High tax (total tax: 57% corporation tax: 26%) Hard to manage diverse talent pool Interesting Fact: ● The lowest income inequality and the smallest gap in gender employment rate ● Although the work hours in Sweden is really short, the productivity of the company are still really high ● In Sweden, federal law allows men and women to take 3 months parental leave (480 days) PROS: Fixed-term contracts Largest market in Baltic Sea region Ranks 3rd in corruption-free countries Well-educated work force Leader in adopting new technology
  7. 7. HR Specific Challenges Shortage of Staff in a variety of fields: Information and Communication Technology (ICT) Engineering Science The education levels in Sweden are relatively high amongst over countries. Decline: Mathematics Scores
  8. 8. HR Specific Challenges - Continued Recruitment Process Considered to be one of the “most highly position-based within the OECD countries” Implementation of the six hour work day Decreased work hours means employees need to navigate differently paced work environment May also bring up new challenges for those paid hourly rate Studies found that resulting work-life balance increase leads to reduced turnover and improves employee satisfaction (EX: Toyota in Gothenburg → increased productivity) Absolute union membership in Sweden is high Approximately 85% membership
  9. 9. Citation “Interesting Facts About Sweden.” Fact Monster Leslie Gome, 02/05/2016 http://factmontster.com/interesting-facts-about-sweden/ OECD. “Public Employment and Management.” Acquiring Capacity - OECD. N.p., Web. 04 Dec. 2016.http://www.oecd.org/gov/pem/acquiringcapacity.htm Savage, Maddy. “The truth about Sweden’s short working hours” BBC News. John Reith, 02/11/2015 http://www.bbc.com/news/business-34677949 “ Sweden- An Overview.” “Facts and Figures.” Last updated 28 December 2015 Copyrught 2013-2016 Swedish Institute https://sweden.se/society/sweden-an-overview/

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