Explain what labor factors should be considered when determining where to locate an electronics manufacturer

Question

What will be an ideal response?

Answer 1

The availability of labor and the right types affects where a company will locate. Companies need to hire employees to maintain their operations, but they also need to be aware of how the communities they locate in affect their ability to attract employees. For an electronics manufacturer, skilled labor will be needed. Finding a community where skilled labor will be affordable is also important. Many companies are locating overseas as a way to obtain skilled labor at a lower cost. A company need not necessarily relocate to hire such workers, though. Affordable, skilled labor has become more globally accessible through the use of the Internet and communications technologies. Considerations as to how the living conditions of the community will be affected are important. Many companies find that a community where the quality of life is already high helps attract a higher caliber of employee. On the other hand, a new company might also help revitalize a lagging community. There are often tax incentives to entice companies to locate in particular areas. Last, government laws may play a role in location. Researching laws and how they may affect business operations up-front can avoid unexpected surprises down the line.