Expats and talent management
While the demographics and economic context differ in each state, the ambition is broadly the same: to increase the number of citizens in the workforce and, where possible, reduce dependence on expat labor.
Talent management is one of the foremost concerns. In HR, you must make sure you are getting the talent you need while meeting the company’s commitment to the nationalisation agenda. And when you do succeed in attracting the best, you must take steps to keep these employees with the company and continue to perform to the best of their ability.
To help you manage talent effectively, it’s useful to look at the approaches other organisations are taking to analyse the needs of employees in much the same way they assess the needs of their customers. Although businesses in all industries have long known that they can gain competitive advantage through effective talent management, it is dominated by one-dimensional and process-driven approaches.
The companies that have the greatest success are the ones that can differentiate their offer for different groups of employees – including their nationals. By understanding that different groups of employees have different needs, you can give each group the incentives they are looking for.