Functions of global career management
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Copyright (c) 2020 CROSS-SECTIONS -Social Science Journal
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Abstract
Maintaining competitiveness is one of the long-term strategic goals for companies. Beside
tangible and intangible assets, the value of human capital is continuously growing, due to
changes in the labour market. A loyal, highly skilled employee makes a significant contribution
to organizational success through competencies, experience, and skills. The career management
system of multinational companies became more attractive by the possibility of international
assignments, which is a very complicated process requiring complex planning. This system is
considered global for several reasons: its transnational nature, international experience gained
by the employees and the achievable career on a global scale for the individual (as a part of a
successful process).
Creating a global career management system thus involves a number of HR functions.
Emphasis should be placed on finding suitable employees, selecting, onboarding, mentoring, on
methods and the evaluators in the performance appraisal process, providing feedback on a
regular basis and in an appropriate manner, achieving and maintaining motivation, developing
competencies and supporting the balance in mental health.