HR in Greece (Less Rae's Part)

1. HR in Greece
presented by Isabel Comas, Mert Firat,
Shawanna Harvey, Steve McKennis
and RaeWilliams

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

3. History and culture

4. 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_landsca
es1.htm

5. GreeceToday

6. GreeceToday
 Ethnic Identity
 Multiple Occupations
 War of Independence
Source: http://www.greekcacti.com/

7. Greek LifeToday
 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

8. Greek BusinessToday
 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

9. Hofstede Indices
 Distance Index (PDI) = 60
 Individualism (IDV) = 35
 Masculinity (MAS) = 57
 Uncertainty Avoidance
Index (UAI) = 112

10. Economy
 Members of EU
 Monetary Unit = Euro
 GDP (2009) = $333.4 billion
 35th Worldwide
 76% Services, 21 % Industry
 Labor force = 4.9 million
 IMF Beneficiary
http://topnews.com.sg/content/21589-greek-economy-shrinks-others-hike

11. 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

12. 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/

13. 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

14. Economic Challenges
 Actual implementation
of policy changes
 Public unrest
 Labor Unions
Source: http://www.washingtontimes.com/news/2010/mar/08/europe-plans-its-own-crisis-fund/

15. Greeks in Crisis

16. Overview of HR in Greece
 New economy
 New jobs
 Economic development
 Economic outlook
Source: http://www.nationmaster.com/country/gr-greece

17. Overview of HR in Greece
Contribution of Labor to GDP per Capita
Source: OECD Compendium of Productivity Indications 2008

18. 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

19. 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

20. Business in Greece

21. Business in Greece

22. Business in Greece

23. Business in Greece

24. Changes in Business

25. Careers
 Food and Beverage
 Banking/Finance
 Chemicals
 Tourism
 Petroleum
 Shipping
 Technology
 Telecommunication Source: http://www.assertive.gr/news-press-releases.php

26. 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

27. 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

28. 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

29.  Lack of formal communication
 Terminations subject to government control
 Terminations exceeding 2% require approval
 Authority of Minister of Labor and Social Affairs
Discipline

30. Young Workers

31.  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/

32.  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

33.  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

34. Questions?