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

• 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.

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