Human resource development in multinational companies Essay

Human resource development in multinational companies - Essay Example To cope up with the competition, they are required to plan and implement strategies to develop the company’s human resources. In today’s globalized environment, it has become difficult for the managers to completely eliminate the threats that globalization has brought. Multinational companies face many of such difficulties in acquiring efficient staff in other countries. Multinational companies aim to build up their brand name and reputation. They need to provide the same quality and facilities in every country they are working in. However, the human resources available in different countries bring different challenges for them. They need to develop a plan to accumulate a workforce which could perfectly carry out the job the company aims to achieve. The concept of repatriation and expatriation is also worth mentioning here as the human resource development program must consider these concepts. As an expatriate gets the assigned work done in the other country and moves b ack to the host country, he faces the adjustment problems all over again. A complete and viable HRD strategy must also take in to account these workers who are sent abroad while working permanently in some multinational organization. Objective: The aim of this paper is to identify the key challenges faced by senior managers in today’s globalized business environment in achieving competent human resources. The paper also focuses on the researches made in this regard. In addition it provides recommendations to lessen or eliminate the difficulties in human resource development and reduce the employee turnover rate in the organizations. The study is designed in such a manner that would help in achieving the objective successfully. In the first step it provides a brief introduction about multinational organizations and their place in today’s business world. In the next step it