Participate in an internal review of your worldwide organization’s Human Resource Management strategy as an HR manager. As a consequence, you will be asked to provide a report to the HR Director along with your recommendations.
Please choose a suitable (Multinational Corporation) MNC and a Host country. Your audit is from a ‘HR’ standpoint because it is likely that the company will establish a joint venture in the new market, which will necessitate some local hiring as well as the relocation of some expatriate employees from within your organization to manage the new venture alongside those of your joint venture partner.
Your report will discuss and analyse the following 3 HR functions including realistic recommendations:
1. Recruitment and Selection 2. Training and Development 3. Reward Management
Internal assessment refers to the process of identifying and assessing a company’s present workers for the goals of reassignment, training, promotion, or termination. The evaluation also considers which employees’ talents are required to carry out their company strategy and evaluates their workforce to see whether or not their skills align with the demands of the firm. If this practice is repeated on a regular basis, the company’s staff will improve and its skills will be more closely linked with its business plan.
Goals for Internal Assessment
Finding the position that best fits the criteria of the company’s other roles is one of the objectives of an internal evaluation process.
When an employee wants to take on responsibilities in higher positions, they are compared to other candidates based on how well they meet the company’s values and job criteria. A corporation must plan for and get its existing workforce ready for future demands as it gets ready for future business. The objectives of this exercise consist of,
assessing a worker’s suitability for additional employment
enhancing the strategic capabilities of the organization
gathering data for choices about restructuring or downsizing
rationalizing and maximizing the fit of the present workforce
Increasing the company’s return on investment and staffing investments
using supportive stakeholder responses
supporting the talent mindset and HR strategy
enhancing the company’s reputation
Identifying the needs for staff development