Thinking Globally, Acting Globally

International Business on the Rise for Many Canadian Companies, Survey Shows

TORONTO - Barriers to world markets have been steadily eroding for many firms in recent years. In a survey of senior executives from across Canada, half of respondents (51 per cent) said their companies are doing more international business today than five years ago.

The survey was developed by Robert Half Management Resources, the world's premier provider of senior-level accounting and finance professionals on a project and interim basis. The poll includes interviews with 100 senior Canadian executives - including those from human resources, finance and marketing departments.

Senior executives were asked, "Is your company doing more business internationally, through international office expansion or a global customer base, than it was five years ago?" Their responses:

Yes................... 51%
No.................... 47%
Don't know............ 2%
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100%

"As more companies experience an increase in international business, an exceptionally prepared workforce is necessary to compete on a global basis," said Paul McDonald, executive director of Robert Half Management Resources. "Firms today need a common understanding of cultures, languages and ethical standards to better serve customers across different countries and time zones."

McDonald also noted that financial regulations and reporting standards may have an impact on recruiting efforts. "Accounting and finance departments within firms that operate globally will require professionals skilled in both generally accepted accounting principles (GAAP) and international financial reporting standards (IFRS)."