Impact Of Globalization On The Business Industry

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Globalization encompasses new challenges to the business industry. Nowadays an organization may face changes and must adapt strategically in order to stay on top of its competitors (Nielsen & Montemari, 2012). An organization’s competitive advantage is based on its employees (Noe, Hollenbeck, Gerhart & Wright, 2015). Studies have shown that an employee is an asset that will not be imitated by competitors and cannot be substituted easily (Phillips & Gully, 2015). Therefore, having skilled employees will create a competitive advantage and contribute to an organization’s success. Talent management helps an organization to attract, develop, retain and manage people in order to meet the organization’s objectives (Phillips & Gully, 2015).…show more content…
Process Goals Process goals must be aligned with the organizational objectives as well. These goals are related to the different aspects of the staffing process (Phillips & Gully, 2015). For example, attracting a certain number of applicants with specific skills, or meeting deadlines regarding the hiring process. Outcome Goals Outcome goals are related to the result obtained from the hiring process and involve quality and quantity of new hires, return on staffing investment and improvement of organizational effectiveness (Phillips & Gully, 2015). For instance, if an organization has a high turnover rate, an outcome goal may be the reduction of this rate. Meaning that, once the staffing process is completed, the turnover rate must be reduced. Changes and Staffing According to Phillips and Gully (2015), an organization’s life cycle will generate changes and trigger different strategic approaches depending on the context or stage. This means that new strategies emerge in order to stay competitive. As this changes appear, employees with the required skills will become necessary in order to stay fit to the organization.. Thus, the staffing effort must be able to hire people who will ensure and support the new strategy that will ultimately contribute to the organization’s success (Phillips & Gully, 2015). For instance, imagine
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