Evaluating an International HRM strategy - Essay Example

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This report will provide a relevant human resource strategy for Tesco’s joint venture in Thailand. The report will provide detailed backgrounds to the Tesco Plc. Company, the host company Thailand, the industry drivers, as well as the desired human resource management strategy. …
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Evaluating an International HRM strategy
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Download file to see previous pages Globalization is becoming a reality in the modern business world. Therefore, companies are responding positively to the increased globalization by exploring foreign markets. Many companies have become multinational companies because of their exhibited efforts in taking advantages of emerging markets in different regions. Human resource is of critical importance to companies in their venture of international expansion. Without the proper human resource management strategies, many of the expansion ventures are bound to fail. Human resource personnel are tasked with four critical functions, namely the staffing, performance management, administration, as well as change management. Therefore, human resource managers.International human resource management requires the human resource practitioners to give attention to aspects such as global workforce, international context, the national context, operational issues, strategic issues, competencies, and have projections for the future. During efforts of venturing into a new market, the human resource department needs to develop effective strategies of staffing the foreign subsidiary. The human resource department must balance competencies of the parent company and the foreign subsidiary. In cases whereby a company adopts a joint venture approach, international human resource management becomes very important. The supermarket industry requires competent staff who can deliver quality support services to promote customer satisfaction. ...Download file to see next pagesRead More
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