Emerging Trends & Prospective Challenges in Global Human Resource Management within Multinational Enterprises

Abstract

International Human Resource Management (IHRM) praxis faces dynamic challenges in the rapidly evolving global landscape of many multinational corporations (MNCs). This article delves into current trends and future challenges shaping IHRM practices within MNCs. Through an analysis of scholarly research and industry reports, this study highlights key trends such as global talent management, diversity and inclusion, technology integration, remote work, and corporate social responsibility. Additionally, it identifies future challenges including managing cultural complexity, addressing skills shortages, ensuring ethical and legal compliance, promoting workforce well-being, and navigating sustainability imperatives amongst hurdles IHRM practitioners should anticipate combating in the long run. The review paper concludes that understanding and addressing these trends and challenges, MNCs can enhance their competitiveness and sustainability in the global marketplace.

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