International HR Management Of Molex

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International HR Management 1. 2 5
Westermann, Maarten. 2 Jun. 3.

According to an article by Maarten Westermann in The Monroe Street Journal, some of the other challenges facing international organizations include: . There are a number of challenges facing multinational or international organizations. A third challenge is to find local managers willing to accept the need for this level of involvement and oversight by a foreign parent company. Like many other companies, Molex has made a commitment to maintaining and encouraging frequent and active communications between subsidiaries, and between subsidiaries and the parent company. Unlike some multi-national companies, Molex has made a substantial financial commitment to ensuring that it is able to communicate effectively with its subsidiaries so that managers have a common understanding of corporate goals, the company's financial performance, how they are expected to manage employees, and how to improve service to customers. One of the most difficult of these challengesinvolves the need to respect individual cultures in the countries in which Molex operates while maintaining Molex's minimum standards for its Management function. Different taxation rules that require companies to carefully plan where and how they do business internationally. Another challenge is communicating its HR commitments to managers of its foreign subsidiaries, and accepting the fact that in some countries local customs or regulations may prevent them from implementing Molex corporate HR policy in the same way it would be done in the United States. There are several human resources related challenges facing Molex as a global organization. Molex places an emphasis on spreading the company culture to every employee in every country in which it operates. The special challenges to multinational companies resulting from the creation of the European Union. "Business Challenges of EU Expansion." The Monroe Street Journal (2 3). According to the

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