6.22.3 Global Talent Management

• What does global talent management encompass in terms of workforce strategies and processes?

  Attract, develop, retain skilled workforce
• Compared to traditional HRM, global talent management focuses on cultural awareness and geographical diversity
• Global talent management focuses on global employment regulations rather than local labor laws.
• Match the key components of global talent management with their descriptions:

  Talent Acquisition ↔️ Recruiting top talent globally

  Learning and Development ↔️ Tailored training programs

  Performance Management ↔️ Evaluating employee performance

  Succession Planning ↔️ Developing future leaders
• Global talent management provides training programs tailored to global needs and cultural nuances
• What is the purpose of succession planning in global talent management?

  Develop future leadership roles
• Performance reviews in global talent management use 360-degree feedback to align employee goals with organizational objectives.
• Which platforms are commonly used for talent acquisition in global talent management?

  International job boards
• Regular performance reviews in global talent management are aligned with organizational objectives
• Steps involved in succession planning for global talent management

  1️⃣ Identify high-potential employees

  2️⃣ Provide specialized training

  3️⃣ Implement mentoring programs

  4️⃣ Support career advancement
• What is the primary focus of traditional HRM in terms of scope?

  Domestic
• Global talent management considers global employment regulations, while traditional HRM focuses on local labor laws.
• Match the differences between traditional HRM and global talent management with their corresponding aspects:

  Scope ↔️ Domestic vs. International

  Focus ↔️ Local vs. Global regulations

  Culture ↔️ Uniform vs. Diverse environments

  Strategy ↔️ Standardized vs. Adaptable
• In global talent management, talent acquisition involves attracting and recruiting top talent from diverse backgrounds
• What strategies are used in global talent management for learning and development?

  Virtual workshops
• Performance reviews in global talent management use 360-degree feedback to evaluate employees based on local standards.
• Global talent management emphasizes cultural awareness and geographical diversity
• One key component of global talent management is talent acquisition
• Global talent management focuses on cultural awareness and geographical diversity.
• Why is global talent management essential for multinational corporations?

  Competitive advantage
• Effective global talent management ensures the best talent is attracted and retained
• A diverse workforce in global talent management brings a variety of perspectives and skills to the organization.
• Rank the benefits of global talent management based on their importance:

  1️⃣ Competitive Advantage

  2️⃣ Diverse Workforce

  3️⃣ Consistency in Operations

  4️⃣ Employee Engagement

  5️⃣ Succession Planning
• What are the key elements of global talent management?

  Talent Acquisition, Learning, Performance, Succession
• Global talent management aligns with an organization's goals and cultural nuances
• Global talent management focuses on international rather than domestic scope.
• What is the focus of global talent management regarding employment laws?

  Global regulations
• Global talent management strategies are adaptable to regional differences
• Global talent management emphasizes cultural awareness and geographical diversity.
• List the key components of global talent management:

  1️⃣ Talent Acquisition

  2️⃣ Learning and Development

  3️⃣ Performance Management

  4️⃣ Succession Planning
• What are the benefits of global talent management for multinational corporations?

  Competitive advantage, diverse workforce
• One challenge of global talent management is dealing with cultural differences
• Navigating diverse labor laws across countries is a challenge for global talent management.
• What is one opportunity of global talent management?

  Access to wider talent pools
• Cultural differences in global talent management can lead to enhanced innovation
• Match the strategy for attracting global talent with its description:

  Strong Global Employer Brand ↔️ Highlights organizational values and employee experiences

  Competitive Compensation ↔️ Tailor salaries and benefits to local standards

  Flexible Work Arrangements ↔️ Accommodate diverse lifestyle needs
• Retaining global talent involves creating development and growth opportunities
• Fostering an inclusive culture is essential for retaining global talent.