TALENT MANAGEMENT STRATEGIES OF MULTINATIONAL CORPORATIONS: ADAPTATIONS IN EMERGING ECONOMIES
Abstract
The strategic significance of talent management is increasing specifically in the emerging economies owing to their demographic dividend. Since the emerging economies have come to the forefront due to their participation in global knowledge economy, it is essential to revisit their human capital development and talent management particularly when dealt by the large MNCs of the world. Researches on talent management strategies have largely focused on the large developed economies and the practices thereof have been replicated in the rest of the world without much deliberation on their efficacy. This paper has three principal objectives: one to explore the factors that have led to the focus of talent management practitioners on emerging countries, two to explore the talent management practices of multinational corporations in their extensions located at emerging economies and finally after analysing the institutional norms in local subsidiaries of these MNCs, to find out strategies for translating the global strategies into local and provincial cases.
Downloads
References
Al Ariss, A., Cascio, W. F., & Paauwe, J. (2014). Talent management: Current theories and future research directions. Journal of World Business, 49: 173–179.
Bagla, G. (2008). Doing business in 21st-century India: How to Profit today in tomorrow‟s most exciting market. London, UK: Hachette.
Bhatnagar, J. (2007). Talent management strategy of employee engagement in Indian ITES employees: Key to retention. Employee Relations, 29(6): 640–663.
Bowman, C and Hird, M. (2013). Resource based view of Talent management, Strategic Talent Management, 73-86
Cappelli, P and Keller, J. (2014). Talent Management: Conceptual approaches and practical challenges, Annual Review of organizational psychology and organizational behaviour, 1:305 Chadee, D., & Raman, R. (2012). External knowledge and performance of offshore IT service providers in India: The mediating role of talent management. Asia Pacific Journal of Human Resources, 50: 459–482.
Chuai, X., Preece, D., & Illes, P. (2008). Is talent management just „„old wine in new bottles‟‟? The case of multinational companies in Beijing. Management Research News, 31(12): 901–911.
Cooke, F. L., Saini, D. S., & Wang, J. (2014). Talent management in China and India: A comparison of management perceptions and human resource practices. Journal of World Business, 49: 225–235.
Doh, J., Smith, R., Stumpf, S., & Tymon, W. G. (2014) Emerging markets and regional patterns in talent management: the challenge of India and China. Strategic Talent Management, 224–253. Elango, B. and C. Pattnaik (2007), „Building capabilities for international business operations through networks: a study of Indian firms‟, Journal of International Business Studies, 38, 541– 555
Farndale, E., Scullion, H., & Sparrow, P. (2010). The role of the corporate HR function in global talent management. Journal of World Business, 45: 161–168
Gallardo-Gallardo, E., Nijs, S., Dries, N., & Gallo, P. (2015). Towards an understanding of talent management as a phenomenon-driven field using bibliometric and content analysis. Human Resource Management Review, 25(3): 264–270.
Hofstede, G. (1980). Culture‟s consequences: International differences in work-related values. Beverly Hills, CA: Sage
Huselid, M. A., & Becker, B. E. (2011). Bridging micro and macro domains: Workforce differentiation and strategic human resource management. Journal of Management, 37(2): 421– 428.
Meyers, M. C., & van Woerkom, M. (2014). The influence of underlying philosophies on talent management: Theory, implications for practice, and research agenda. Journal of World Business, 49: 192–203.
Ramamurti, R. (2004). Developing countries and MNEs: Extending and enriching the research agenda. Journal of International Business Studies, 35(4): 277–283.
Tymon, W. G., Stumpf, S. A., & Doh, J. P. (2010). Exploring talent management in India: The neglected role of intrinsic rewards. Journal of World Business, 45(2): 109–121.
Vaiman, V., Sparrow, P., Schuler, R., & Collings, D. G. (Eds.). (2018). Macro talent management in emerging and emergent markets: A global perspective. Routledge.
Downloads
Published
How to Cite
Issue
Section
License
You are free to:
- Share — copy and redistribute the material in any medium or format for any purpose, even commercially.
- Adapt — remix, transform, and build upon the material for any purpose, even commercially.
- The licensor cannot revoke these freedoms as long as you follow the license terms.
Under the following terms:
- Attribution — You must give appropriate credit , provide a link to the license, and indicate if changes were made . You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
- No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.
Notices:
You do not have to comply with the license for elements of the material in the public domain or where your use is permitted by an applicable exception or limitation .
No warranties are given. The license may not give you all of the permissions necessary for your intended use. For example, other rights such as publicity, privacy, or moral rights may limit how you use the material.