Strategic HRM Practices in MNCs: Career Development and Analysis

This report provides a comprehensive analysis of Human Resource Management (HRM) within Multinational Corporations (MNCs). It begins by differentiating between domestic and international HRM, highlighting the strategic importance of the latter in achieving global business objectives. The report then delves into specific HR practices within an MNC, using TESCO as a case study, and examines dimensions such as recruitment, employee relations, workplace development, conflict management, reward systems, and performance management. The importance of primary and secondary research methodologies in business research is also discussed. Furthermore, the report emphasizes the crucial role of HR practices in shaping and supporting the overall business strategy of an MNC, focusing on business development, employee management, productivity enhancement, and potential development. Finally, it includes a reflective essay on career development and management, incorporating personal work experience and relevant theories.

Human resource
management

Contents
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................4
A brief discussion on differences of managing HR in foreign environments.............................4
In context of an MNC, differences between domestic and international HRM..........................4
TASK 2............................................................................................................................................5
HR practices in a MNC and its dimensions.................................................................................5
Research methodology in order to conduct systematic business research..................................7
Importance of HR practices to the business strategy of MNC....................................................7
TASK 3............................................................................................................................................8
Reflection on career development and management works within the business entity...............8
Personal work experience reflection..........................................................................................10
Career management practices and performance management (relevant theories)....................11
CONCLUSION..............................................................................................................................13
REFERENCES..............................................................................................................................14

INTRODUCTION
The human resource management is an important organisational body which is mainly
helpful in managing large number of employees. In the recent times the importance of human
resource management is increasing day by day (Chowhan, Pries, and Mann, 2017). It is also
important for a company to manage the employees in a well-defined manner in order to increase
their productivity and performance. In the recent times, it is important to develop HR
management of a company in order to gain desired success at the marketplace. In this report,
consideration of MNC failure is taken into consideration for better understanding major
functions of HR. This project also concludes the importance of HR practices in order to develop
a business strategy for a particular MNC company. This report also includes reflective essay on
career management works and its development in a life of an individual along with personal
work experience.

TASK 1

Notes-The domestic companies also have normal workers in the human resource management
with limited eligibility and experience.
International HRM includes the development of systematic and precise strategy for business
growth. The practices related to domestic human resource management include development of
normal strategy for management of limited HR functions. All the companies in the international

marketplace also focus on development of short and long term goals in global HRM. Domestic
HRM generally focus on medium term goals for the achievement of major objectives
(Emeagwal, and Ogbonmwan, 2018). The companies also focus on development of domestic and
international HRM practices on the basis of size and nature of a business. It is also the key
responsibility of management of a company to develop short and long term goals of the business
in order to effectively develop a good approach in the global marketplace. The domestic HRM
also hires less number of employees as compared to international human resource management.
Also in the international HRM the human resource management related practices are different
which put a major emphasis on company’s goals and objectives. In the international HRM, the
key function of human resource management is to focus on main goals and objectives of each
and individual employees. In the domestic HRM it is not important to focus on individual
employee goals but important to focus on mutual goals of organisation. The effectiveness of
HRM is on key goals and functions that are effective in development of whole business in a short
period of time. Also the international HRM involves role of managing people by taking support
of strategic and top level management.

Notes: In the domestic HRM it is not important to focus on individual employee goals but
important to focus on mutual goals of organization. The effectiveness of HRM is on key goals
and functions that are effective in development of whole business in a short period of time. Also
the international HRM involves role of managing people by taking support of strategic and top
level management.

Notes-
Primary research- In this approach fresh research is conducted with the involvement of new
collection of data. It is also majorly important to develop primary research in order to develop a
competitive advantage.
Secondary research- The secondary research is less effective way of doing research which
includes application of developing content from a used source. The secondary research is a major
way of collecting quick information related to a project.

TASK 2
HR practices in a MNC and its dimensions
The human resource practices are related to development of key goals and objectives that are
essential for development of a company. It is also related to the different ways which are
effective in development of overall strength of company. In order to understand human resource
management based practices, the example of TESCO company is taken into consideration. The
TESCO is a major multinational company based in London, United Kingdom which sells retail
items all across the country (Hee, and Jing, 2018). The different practices related to human
resource in context of TESCO are mentioned below:
 Recruitment and selection: The recruitment and selection are two major pillars and function
of human resource management in order to hire right people for employees. In the corporate
world, this is considered as a major function of HR to hire eligible and experienced
employees for the business. This decides the competency of a company in marketplace in
order to increase the capacity of a company. At TESCO, the human resource management is
dedicated to provide key responsibility to practices of recruitment and selection to grow at
the marketplace. All major practices related to recruitment and selection performed at
TESCO includes professionalism. The human resource management also develops a major
approach in order to hire right type of employee for the organisation with help of personality
test and interviews.
 Management of employee relationship: The employment relationship is managed by
human resource management with the help of ethical approaches. Strategic HR management
of TESCO is dedicated to provide effective and strategic solutions to a company by
managing employee relationship. The HR management should also develop effective training
and development to the employees. Managing relationship between employees is a crucial
function of HR management which brings stability in company. Also with the help of
maintaining employee relationship, a company can also achieve development of employees.
 Workplace development: The development of work place is an important task or function
of human resource management (Nieves, and Quintana, 2018). This will help the company to
develop a good and significant workplace improvement. The development of workplace
helps a company to create effective and internal environment for employees. This leads to

increase in performance of employees in a desired manner for long term development of a
company. All major aspects of workplace development are covered with effective role of
human resource management in order to lead the marketplace. The improvement of
workplace based conditions is important for developing a major business strategy for overall
development of a business. Workplace development is a major HRM based practice which is
helpful in increasing the strength of a business.
 Conflict management: It is the major function of HR management to focus on conflicts in a
well-defined manner. The conflicts which are managed by human resource management are
helpful in increasing faith of employees towards the organisations. In TESCO, conflict
management is considered as major approach which is helpful in increasing satisfaction by
resolving different conflicts on a major basis. The conflict management is a better approach
which is helpful in increasing strength of the company by finding optimum solutions to the
problems
 Reward and compensation: The HR management of a company also provides suitable
reward and compensation to several employees. Human resource management of TESCO,
provides monetary and non-monetary rewards to employees for development of the
company. These rewards are provided on the basis of performance of different employees.
HR management of TESCO also provides other facilities like accommodation, holidays
leave, sick leave and tours in order to attract the employees. The TESCO company also
formulates various policies and plans in order to survive at the marketplace in a major sense.
In order to gain competitive advantage, company also focus on goals and objectives which
are of regular nature (Oluwatayo, and Adetoro, 2020). The companies also provide rewards
and compensation using strategies of other companies in international marketplace.
 Performance management: The performance management is also one of the major
functions of a company to manage output of the employees. In order to increase the
performance of every employee, it is essential to focus on their current dedication towards
the organisation. In order to develop and manage performance of a person, it is also essential
to focus on key aspects of goal delivery. The major function of HRM makes a company more
competitive at the marketplace and also makes it more productive in the business world.
Performance of employees is also managed by a dedicated team in the company with support
of human resource management. In order to increase the performance of employees, it is