Published January 22, 2024 | Version v1
Journal article Open

A STUDY ON HR STRATEGIES FOR MANAGING TALENTS IN GLOBAL PERSPECTIVE

Description

Organisations are realising the significance of Human Resource (HR) strategies for managing talents from a worldwide viewpoint as a result of the rising competition for talent brought on by the global economy. When managing talent abroad, HR managers encounter a number of difficulties, such as linguistic boundaries, cultural differences, and a shortage of experienced personnel in some areas. The study focuses on HR approaches to managing talent inside an organisation to meet business goals and gain an edge over competitors on a global scale. This report examines the possibilities and problems HR managers face when managing personnel globally, as well as the approaches they might take to meet these challenges. The study used a qualitative research methodology that includes a survey of the literature and semi-structured interviews with multinational business HR managers. The findings identify cultural differences, language barriers, and a shortage of skilled workers as the challenges of managing talent in a global context, and they draw the conclusion that HR managers need a deep understanding of these factors in order to manage talent effectively, adopt cutting-edge strategies like technology-enabled talent management, and cultivate top talent in a global context. Future research is advised to concentrate on examining the efficiency of various HR practises in managing talent globally, according to the study.

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