Human resource and human resource management concept.1 Multinational companies in Tanzania..2
Challenges facing HR managers in managing HRs in MNCs in Tanzania.3 The Challenges of Workplace Diversity 3
Retention challenge 4
Loyalty challenge facing HR managers 5
Challenge of employees high Expectations5
(Sharon, 2005) views Multinational Corporation as an enterprise operating in several countries but managed from one (home) country. Generally, any company or group that derives a quarter of its revenue from operations outside of its home country is considered a multinational corporation. (Mullins, 2007) defines Multinational Corporation as a corporation that has its facilities and other assets in at least one country other than its home country. Such companies have offices and/or factories in different countries and usually have a centralized head office where they co-ordinate global management. Sometimes referred to as a "transnational corporation" There are four categories of multinational corporations: (1) a multinational, decentralized corporation with strong home country presence, (2) a global, centralized corporation that acquires cost advantage through centralized production wherever cheaper resources are available, (3) an international company that builds on the parent corporation's technology or R&D, or (4) a transnational enterprise that combines the previous three approaches. According to UN data, some 35,000 companies have direct investment in foreign countries, and the largest 100 of them control about 40 percent of world trade. As general overview Tanzania has been an attractive target for many Multination companies (MNCs) given its size, natural resources, long-term stable democracy and proven macroeconomic indicators. It is also strategically located to service most of its neighbors, bordering eight countries and with a coastline of over 1,400 km. already, the capital city Dar es Salaam is one of East Africa’s most important ports, and continues to improve its efficiency. Additionally, there is still a huge potential for growth opportunities in Tanzania’s service sectors such as tourism, communication, education and healthcare. Human resource and human resource management concept.
William R. Tracey, in The Human Resources Glossary defines Human Resources as: The people that staff and operate an organization as contrasted with the financial and material resources of an organization. The organizational function that deals with the people. Human Resources evolved from personnel as the field moved beyond paying employees and managing employee benefits. The evolution made verbal the fact that people are an organization's most important resource. People are an asset that must be hired, satisfied, developed, and retained. Human resource management HRM can be defined differently as the Process of analyzing and managing an organizations human resources needs to ensure satisfaction of its strategic objectives.( Sharon, 2007). The policies and practices involved in carrying out the ‘people’ or human resources aspects of a management position, including recruiting, screening, training and appraising.(Gray Dessler, 1990). The business approach for the definition of human resource management refers to a model of personnel management that focuses on the individual rather than taking a collective approach. Responsibility for human resource management is often devolved to line management. It is characterized by an emphasis on strategic integration, employee commitment, workforce flexibility, and quality of goods and services. Also, it has defined as all methods and functions concerning the mobilization and development of personnel as human resources, with the objective of efficiency and greater productivity in a company, government administration, or other organization....