Abstract

Global Talent Management (GTM) in Multinational Corporations (MNCs) is a critical aspect of contemporary business strategies, playing a pivotal role in sustaining competitive advantages in the global marketplace. This review presents a systematic review that synthesizes the challenges and strategies associated with GTM in MNCs. The review identifies a plethora of challenges faced by MNCs in managing talent on a global scale. These challenges encompass cultural diversity, varying legal frameworks, language barriers, and the complexities of aligning HR practices with diverse local contexts. Additionally, the rapid pace of technological advancements introduces challenges related to the identification and retention of top talent with the necessary skills for the digital age. The findings emphasize the need for a nuanced understanding of the contextual factors influencing GTM challenges to formulate effective strategies. In response to these challenges, the review explores a range of strategies adopted by MNCs to enhance their global talent management practices. These strategies include the development of cross-cultural training programs, the establishment of global leadership pipelines, the use of advanced technologies for talent analytics, and the creation of flexible HR policies that can be adapted to diverse local conditions. Furthermore, the review highlights the significance of fostering a global mindset among employees and leaders to navigate the complexities of international talent management successfully. The synthesis of literature presented in this review contributes to a comprehensive understanding of the dynamics surrounding GTM in MNCs. The identified challenges and strategies offer valuable insights for practitioners and scholars alike, providing a foundation for informed decision-making and the development of effective global talent management frameworks in the ever-evolving landscape of multinational business operations.