Your multinational company (MNC) is opening a new operations service hub in Shanghai and you are on the international HR Team putting together the hiring process for both transition

The hiring proposal should address the following scenario:

Your multinational company (MNC) is opening a new operations service hub in Shanghai and you are on the international HR Team putting together the hiring process for both transition team assignments and those that will be permanent positions in China. Initially, there will be 10 transition team and 10 local assignments. The Division Head for Asia Pacific has asked you to use a “Geocentric Approach” in preparing your hiring process. Research and share insights that address the following questions for your team:

· What are some of the pros and cons of hiring host-country nationals (HCNs), third-country nationals (TCNs), or parent-country nationals (PCNs)?

· Describe two strategies that would minimize expatriate failure.

· Research and share data about current compensation systems in China (Shanghai specifically) and how compensation will impact the hiring process.

· Research the practices of layoffs versus across-the-board pay cuts in China and share your findings.

Your initial post should be 400 words. You should use at least two credible and recent sources