Comprehensive Report on Global Staffing Strategies

Comprehensive Report on Global Staffing Strategies Denise Lee University of Phoenix Comprehensive Report on Global Staffing Strategies As the director of human resources for MediTravel, an organization that assists individuals and Fortune 500 companies in locating cost-efficient medical procedures outside the United States, I have been directed by my CEO to expand our services into Thailand. Currently, MediTravel is contracted with hospitals in Mexico, Costa Rica, India, and Korea. The expansion into Thailand will afford our company the opportunity to provide cost saving, safe, and reliable health care for individuals and companies that want to reduce the amount of monetary resources spent on health care. This paper will†¦show more content†¦Research into Thailand showed that Thailand’s budget deficit narrowed to $4.2 billion (USD) from $5.1 billion (USD) in 2009. This demonstrates that the government is committed to meeting its foreign debt obligations and has not overextended itself concerning external borrowing. The baht (Bt) will remain stro ng against the United States dollar and the Bank of Thailand (central bank) will continue to intercede in the market if necessary to limit currency instability. Thailand’s banking sector is currently in a healthy state. It is adequately capitalized and has recorded strong profits in the last couple of years. Thailand’s political risk remains high due to the impending passing of the king and the difficulties that the prime minister has had with the House of Representatives. The economic structure risk is minimal even though the GDP growth has been low in the recent years, but Thailand has demonstrated a strong rebound in 2010 (Economist Intelligence Unit: The Economist [EIU], 2011). MediTravel is affiliated with the Medical Tourism Association (MTA), a for-profit trade association for medical tourism. 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