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

The Way to Fight Global Poverty Assignment Example | Topics and Well Written Essays - 250 words

The Way to Fight Global Poverty - Assignment Example Better governance through political integrity is another solution to the global poverty and entails administration of donor aid in controlling poverty (Banerjee and Duflo). Â  Responsibility among the poor to eradicate global poverty offers hope for a solution. The authors’ randomized controlled tests identify passivity among the poor because they fear involved risks in active ventures and because of misplaced priorities that consume their resources instead of investments for higher incomes. Resource limitation is the main challenge to the solution strategy and calls for empowerment from rich people and countries. Banerjee and Duflo’s proposal for an active role of the rich in poverty eradication also promises viability by resolving the poor’s limitation into activeness. Creating awareness of possible initiatives by the poor is likely to undermine fears of failure and encourage the poor. Offering economic support is also likely to improve personal initiatives among the poor because of resolved resource limitation problem. Goodwill and political support, however, challenge empowerment initiatives but the author’s third altern ative offers the remedy. Better politics towards corruption free governance is likely to focus on poverty eradication, instead of self-centered interests, and source for resources for the initiative and manage available resources with integrity. Integrating the three ideas is likely to succeed in eradicating global poverty (Banerjee and Duflo). Â  The authors’ ideas identify hope in solving the global poverty problem and identify the need for professional attention to the problem.