Topic > The benefits of outsourcing for a company

What are the costs and benefits of hiring home, host and third-country nationals for assignments abroad? “Many multinational corporations outsource aspects of their global operations and, in doing so, hire temporary or contingent employees” (Luthans & Doh, p. 498). The costs and benefits of hiring a citizen of the host country are that they are familiar with the culture and language and are the ones who often earn lower wages than a citizen of the home country. Multinationals want to hire local talent and are also found at the middle and lower levels. The costs and benefits of hiring a third-country national are that they have the experience and skills needed for the job and that the salary and benefits package is usually lower than that of a home country national. origin, while host country and third-country nationals realize the need for diversity in the home office. Citizens of the home country are also used to help set up operations and provide technical advice. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't 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 usually based and influenced by the experience of multinationals and in most cases are culture-based. Important skills for international assignments and general criteria include ability to adapt to cultural change, physical and emotional health, age, experience, education, knowledge of the country's language, motivation, family support and leadership. Employees can prepare for such assignments by taking a number of different steps 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 tasks that should be completed before a person is selected… The third phase consists of activities to be completed after being selected for an overseas assignment...” (Luthans & Doh, Pg. 508). What are the implications of offshore outsourcing for human resource management globally and in India in particular? Please note: this is just a sample. Get a custom paper from our expert writers now. Get a Custom Essay The implications of offshore outsourcing for global human resource management are that it will provide managers of multinational corporations with the opportunity to find the right talent in a large global or local market. Talent is available to multinationals and is at a more competitive cost, which will provide multinationals with the opportunity to save on labor costs. It also provides companies with flexibility and responsiveness to that country's culture. Offshore outsourcing can also present challenges for multinationals such as coordination, integration and quality management terms. “India was once seen as an inexhaustible source of talent. Today, India poses some of the same challenges in attracting, hiring and retaining talent as do many developed countries...” (Luthans & Doh, Pg. 494)