This is the same in the case of employee retention. However it is very difficult for any organisation to take the necessary steps to retain its workforce and ensure that they remain loyal and engaged, and when this has to be carried out by an organisation with many different cultural dimensions the strategies that need to be adopted become even more difficult and complex.
The author believes that through this study, she will be able to gain sufficient information on the specific steps that can be taken by a transnational organisations with regard to managing and retaining employees while remaining profitable and ensuring that they remain loyal and engaged and highly productive, thus making the organisation even more profitable.
THE DIFFERENT MANAGEMENT STRATEGIES THAT CAN BE ADOPTED BY AN ORGANISATION WITH A DIVERSE WORKFORCE TO RETAIN ITS WORKFORCE, ENSURE EMPLOYEE LOYALTY AND ENGAGEMENT AND CONTINUE TO STAY PROFITABLE IN BOOM AND BUST CONDITIONS
In this document the author proposes the methods and the type of research study that she will undertake in fulfillment of her degree requirement. The author is currently interested in studying how Multinational Companies such as Microsoft, IBM, Toyota, Honda, General Electric, Coke Cola, Unilevers, General Motors, Hewlett Packard and Sony can do to retain its employees, keep them engaged and loyal to the organisation, while ensuring that the organisation remains profitable through boom and bust conditions.
In this proposal the author discusses the research objectives, the research topic, the methodology that she wishes to adopt, the limitations of the study, and finally the dissertation structure and the time line for the study. The author has carried out a brief literature review into the subject area and has presented it in this research to give the proposal more background and to justify the reason for the choice.
Here the author will give a brief overview of the objectives of the research study that she will evaluate for completion at the end of the research.
Gain an in-depth understanding of the importance of employee retention for a multi-national organisation.
Gain an in-depth understanding of the importance of employee engagement for a multi-national organisation.
Gain an understanding of the co-relationship between the profitability of the organisation, employee retention, employee engageme
The objective of this research study is for the author to gain an in depth understanding of how diverse workforces should be managed and what the optimal management method is to ensure employee loyalty, engagement, employee retention. It is also author's objective to gain an understanding of the differences between employee engagement, employee loyalty and how the organisation can remain profitable while paying attention to the above.
Multi, in this context, may mean more than one and national may mean countries or nations.There are a number of famous companies which we deal with. These companies are famous around the world rather than just operating in their host countries.
All interview notes are included as Appendix A, B and C. How Performance and pay rise is managed Appraisal System Through the interview, it was established that all three companies used an Appraisal System. However they all have a slightly different approach in applying this system.
According to the paper multinational companies have been confronted with stiff competition for the past few decades. Forces of globalization such a use of e-marketing, linearization of international trade, product integration and marketing research have all posed profound impact on the way companies may improve their business performance.
In doing so, various factors have been considered such as language barrier, geographical distance, HRM practices. References to various previous studies on the subject have been provided to further affirm the aforementioned argument.
Global business is constantly evolving and competition across businesses has led to a surge in companies expanding across domestic borders.
The company may be forced to employ managers from in the host company who may take control of the company against their will, political influence and pressure may also influence in the host country the running and control of the company.
Other conditions may be put in place such that in order for the company to run it has to sell its some of its share to the public in the host company, bearing in mind that the share holders are the decision makers this makes the multinational company loose full control of the company.
First and foremost in the consideration is that no countries have the same currency denominations. For example, an American firm operating in Japan will expect that its sales income is in terms of yen for that certain country. Companies from the United Kingdom operating in China will expect that their payments for locally sourced supplies and other logistics will be in Chinese Yuan.
In such environment, the overall strategy of managing financial affairs of the firm differ too because at one hand, international organizations enjoy different opportunities offered by new and untapped markets however, on the other hand, they also have to
The author of the paper states that both the companies place high value in their people. A company is its people. This shows the significance which the Korean based company attaches with its people. Similarly, according to, GE’s people are its greatest asset. This highlights the worth of employees in GE.
Traditional economies is characterized by production for localized consumption within a family or a as mall area. It is a market system, which encourage small-scale production of goods using simple methods and limited resources. This
2 pages (500 words)Essay
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