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Essay / The benefits of outsourcing for a business
What are the costs and benefits of hiring nationals from home, host and third countries for assignments abroad? “Many multinationals outsource aspects of their global operations and, in doing so, hire temporary or casual employees” (Luthans & Doh, p. 498). The costs and benefits of hiring a host country national are that they are familiar with the culture and language and they are the ones who often receive lower salaries than a home country national . MNCs want to hire local talent and they are also at the mid and lower levels. The costs and benefits of hiring a third country national are that they have the expertise and skills needed for the job and that the salary and benefits are generally lower than those of a home country national, while host country and third country nationals realize the need for diversity in the home office. Nationals of the country of origin are also called upon to help start operations and provide technical expertise. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an original essay What skills are important for international assignments and how can employees be prepared for such assignments? Selections for international assignments are generally based and influenced by the experience of multinationals and are mostly culture based. Skills that are important for international assignments and general criteria include the ability to adapt to cultural change, physical and emotional health, age, experience, education, knowledge of the language of that country , motivation, family support and leadership. Employees can prepare for such assignments by completing a number of different phases suggested by Tu and Sullivan. For example: “In the first phase, they suggest focusing on self-assessment and general awareness... The second phase is characterized by a focus on activities that need to be completed before a person is selected ... The third phase consists of activities to be carried out. completed after being selected for a mission abroad..." (Luthans & Doh, p. 508). What are the implications of offshore outsourcing for human resource management globally and in India in particular? Keep in mind: This is just a sample.Get a custom paper from our expert writers now.Get a Custom EssayThe implications of offshore outsourcing for global human resource management are that it will provide opportunities for multinational executives to find the right talent in a large global or local market. Talent is available to multinationals and at a more competitive cost, which will enable multinationals to save on labor costs. This also offers businesses flexibility and responsiveness to the culture of that country. Offshore outsourcing can also present challenges for multinationals, such as coordination, integration and quality management terms. “In the past, India was considered an inexhaustible source of talent. Today, India faces the same challenges as many developed countries in attracting, hiring and retaining talent…” (Luthans & Doh, p.. 494)