Hr Managers Challenges

Powerful Essays
TABLE OF CONTENTS
Introduction.1
MNCs Overview1 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 conclusion6 Reference…………………….………………………………………………………………………..7

Introduction.
(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



References: Anonymous. (2003) Employers must adapt to meet the needs of Generation Y, or risk losing serious talent. Career Development International. Bradford: 2003. Vol. 8 Cunningham, Sharon. (March, 2007). Managing The Millennials. Best 's Review. Oldwick. Vol. 107, Fitchew, Jonathan. (June 26, 2007). Give Graduates their Rites of Passage. Personnel Today. Sutton. United Kingdom. Rorholm, Janet. (Sept 24, 2007). Generational gap changes roles for employees. Knight Ridder Tribune Business News. Washington D. C. Solomon, Rachel. (March 15, 2008). Running a Business: Learning to Manage Millennials; Online edition. Wall Street Journal (Eastern edition). New York, NY. http://www.redfusionmedia.com/arc_managing_generation_Y_millennia http://globaljournals.org/GJHSS_Volume11/2-Employee-Retention-as-a-Challenge-in-Leather-Industry.pdf

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