A comparative study of Recruitment & Selection policies in Indian and Foreign MNCs

This research paper deals with the comparative study of recruitment and selection process in INDIAN MNCs and FOREIGN MNCs. This research paper highlights the differences and similarities of the policies being followed in MNCs. This research depends upon secondary data collected from internet and online journals, research papers. Companies change their HR practices according to the culture and PEST (Political, Economic, Social, and Technological) environment of the countries in which they operate. Globalization has changed the way business houses used to work in the traditional market place. With advancement in technology, the role and functions of HR manager has totally changed. New concept like E-HRM is developed to cope with the scenario in which company is operating. The main aim of all the companies is to earn PROFIT but now the concept is little bit changed as HRM has taken an important place in working of all the companies, it may be national or multinational. Human resources are now considered as an ASSET instead of LIABILITY. Now companies are focusing on retaining talents instead of searching for low cost employees with lesser qualifications. Good Human resource management is now considered as one factor which adds competitive advantage to the company. HUMAN RESOURCE DEPARTMENT, in all the companies is now in lime light instead of back seat and it is learnt that “HR cannot function in cabins” Good human resource strategies and practices are the backbone of all the companies. Good human resource management is the life blood of the companies.