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Human Resource Management and Global Talent Doc

   

Added on  2020-09-17

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Human ResourceManagement and GlobalTalent
Human Resource Management and Global Talent Doc_1

Table of ContentsINTRODUCTION...........................................................................................................................11. Factors that drive global talent management..........................................................................12. Organisation's response towards the global talent management process ...............................3CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................6
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INTRODUCTIONIn an business organisation, the biggest challenge faced by them is creating andsustaining a team of strongly talented people. Business firm needs to acquire talented candidatesso that company can gain competitive advantage along with the effective work on achieving theobjectives (Scullion and Collings, 2011). Global talent management can be said as managingvarious things which requires firm confronts like resources mobilisation, planning andforecasting, staffing, training and development and evaluating staff members with the strategicmanagement. In this report, for the company Coca cola , it has been layout about the multidirectional global talent challenges and the ways by which the company will apply it. 1. Factors that drive global talent managementAs per above introduction it is very clear about the global talent. It is basically a processin which talent across the globe is being recruited and thus aims and objectives can be achievedin positive manner. There are major forces for the global talent management in thecontemporary, multinational firms and they are described below: Globalisation: there are number of factors which are responsible for the expanding of thebusiness firm into market and those factors are shortage of talent in developed countries,the low labour cost availability and consumers growth in the developed countries and thetechnological progress. There are other issue which will rise in the future like there willbe people who will get retire in future and thus shortage of global talent between thedemand and supply and thus demand will improve for highly skilled professionals(Schuler, Jackson and Tarique, 2011). This can provide benefits to a multinationalorganisation as they are flexible in nature and thus they can adopt various number ofmarket conditions which have the elements of attract, develop and retain staff memberswho have high skills to perform and succeed in competition which is global in nature.There are various features of globalisation and they are as follows: ◦Competition: There has been high competition in market place and thus toattain the higher position in the market place and this can be done with thehelp of effective and high skilled workers who can focus on attaining theaims and tasks which are being allocated to them. 1
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