Human Resource Management Leads to the Competitive Advantages

Human resource management leads to the competitive advantages

HRM practices refer to organizational activities directed at managing the pool of human resources and ensuring that the resources are employed towards the fulfillment of organizational goals. MNCs competitiveness is dependent on staffing right person in the right job in the right place at a right time for the right salary. (Daniel & Radebaugh 2011, p.819)

IHR staffing

MNCs operate in a complex and uncertain environment, which creates a unique set of organizational, co-ordination and managerial issues for managers in MNCs and as a result the significance of people management are becoming more and more realized by managers in multinational firms, given that it may ensure profitability and capability of the business operations to succeed (collings & morley, 2009).MNCs different staffing policies are affecting its employee competitiveness in different ways. MNCs earn success in the home market doing something exceptional. Companies aiming to sustain their success expanding and operating overseas by controlling the transfer and regulating the use of core competencies has introduced the Ethnocentric approach is leveraging company core values in the foreign market in the matters of transfer and protection of foreign operation. Parent country national (PCN) puts the company core competency under the direction of the home country manager who commands the hands on knowledge by safe guarding company core competences which has lead MNCs to the approach who are believed to be trusted unconditionally protect the interest of HQ. Ethnocentric is creating core competency by reducing the degree of cognitive dissonance- the incompatibility between home country and host country attitudes. (Daniel & Radebaugh 2011, p.822)

Recruitment and selection

Recruiting and selecting the most appropriate person for the job is a complex task which requires trained staff who are aware of antidiscrimination laws and guidelines. Most recruitment systems will be simple, with stages that can be followed as a routine whenever there is a vacancy to be filled, and which can be monitored and adapted in the light of experience. MNCs test, interview and excises hunt potential candidate with drive, initiative, cultural sensitive and futuristic employees resulting self maintain. Selection process has also been helping identifying satisfactory relationship oriented candidates simply known as cultural empathy, other orientation leading competitive advantages enhancing company ability to interact with new people. (Daniel & Radebaugh 2011, p.828)

Training & development

Training and development program for expatriate can enhance company competitiveness focusing on addictiveness and related characteristics like general country understanding, cultural