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Cisco Relocation Program – Emerging Markets

Cisco Relocation Program – Emerging Markets. Geneva Conference 15 th September 09. Agenda. Emerging Markets Regions Demographics and key metrics Current Challenges New Locations for 2010. Cisco in Emerging Markets.

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Cisco Relocation Program – Emerging Markets

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  1. Cisco Relocation Program – Emerging Markets Geneva Conference 15th September 09

  2. Agenda • Emerging Markets Regions • Demographics and key metrics • Current Challenges • New Locations for 2010

  3. Cisco in Emerging Markets • In 2005, Cisco identified the emerging markets as a high growth, high potential marketplace spanning more than 130 countries, bound together by their prospects for growth. Recognizing this tremendous opportunity, Cisco formed the Emerging Markets (EM) Theatre, a business consisting of countries in Latin America, the Middle East, the Gulf, Central and Eastern Europe, Africa, Russia and the Commonwealth of Independent States. • The Theatre covers more than 60% of the globe with 23 time zones, 2.3 billion people, and more than 30 official languages. Though diverse at first glance, these countries share a common thread: the opportunity to drive social and economic development through the intelligent use of the network as the platform. • With broadband penetration averaging less than 5% and mobile handset penetration at just 13%, this marketplace has little legacy technology to hinder them from deploying the latest business models and solutions featuring a combination of emerging, advanced and foundation technologies coupled with our strong in-house expertise to compete with and even surpass developed economies.

  4. International Assignments International Transfers FY09 Summary By Theatre

  5. Metrics • Assignee Population for FY09 – 33 employees in 15 emerging countries – including Dubai, Kenya, Beirut, Senegal, Russia. • Average spend on assignee population per quarter - $1.5m • Transferee Population – 147 employees transferred to over 20 countries – including Saudi Arabia, Egypt, Algeria, South Africa, Qatar • Average spend on transferring employees per quarter - $2.5m • Highest Transferee/Assignee Population for FY09: Dubai – 400+ plus moves • Highest cost per assignee country – Russia - average of $1.5m per employee per year, for duration of assignment • Average cost of a three year assignment – 5 x base salary for each year on assignment • Average cost of an International Transfer for family size of four - $80,000

  6. Current Challenges • Immigration – Process can be long and bureaucratic (Russia/Qatar/South Africa). Increased complications with quota’s make employee mobility challenging (Egypt/Russia). • Tax – Liability can be difficult to assess – even with the support of a “Big 4” firm. Increasing number of short term business trips to multiple countries can prove challenging in terms of assessing/fulfilling filing obligations. • Entity Establishment – HR/business face the challenge of setting up entities at the same rate as the business is moving. • Secondment agreements/local contracts – Requirement to provide secondment agreements/local contracts for IA’s in some countries for WP and Tax purposes e.g KSA, Senegal • Vendor’s not established in some countries, Angola/Mozambique

  7. Locations for 2010 • Mozambique • Angola • Peru • Paraguay • Libya • Ethiopia

  8. Q and A

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