Is Human Resource Management different for a multinational company operating in many countries compared to a company whose business is just confined to the U.S.? Using the relevant literature in your textbook, what kind of recruitment policy would you recommend (hint: polycentric? geocentric? etc.) and why? Use examples in your answer.
Is Human Resource Management different for a multinational company operating in many countries compared to a company whose business is just confined to the U.S.? Using the relevant literature in your textbook, what kind of recruitment policy would you recommend (hint: polycentric? geocentric? etc.) and why? Use examples in your answer.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Is Human Resource Management different for a multinational company operating in many countries compared to a company whose business is just confined to the U.S.? Using the relevant literature in your textbook, what kind of recruitment policy would you recommend (hint: polycentric? geocentric? etc.) and why? Use examples in your answer.
Expert Solution
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Step 1: Define key term:
Geocentric Approach:
The geocentric approach is a global human resource management strategy that prioritizes hiring and promoting employees based on their skills and qualifications, irrespective of their nationality.
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