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WRITTEN ASSIGNMENT        2
WRITTEN ASSIGNMENT
Table of contents
Introduction    3
Multi-Level Talent Management    3
Strategies for Recruitment, Selection, Succession Planning, and Retention    5
Impact of Talent Shortages    5
Availability of Low-Cost Labor    6
Conclusion    6
References    8
Introduction
The success of an organisation now heavily depends on the efficient management of talent in the globalised commercial environment of today. Businesses that grow globally have new possibilities and difficulties in managing a staff that is varied and rich in cultural diversity. A multi-level talent management strategy designed especially for Mexico, a nation with a developing economy and unique cultural background, is presented in this study. North America's Mexico provides a strategic location, a vibrant labour force, and a rich cultural legacy. For businesses to be successful in Mexico, they must comprehend the subtleties of personnel management in this country. This strategy includes talent management tactics for three groups of people: workers from the parent nation (the United States), local talent in Mexico, and citizens of third countries. The capacity to negotiate the complexity of the Mexican labour market, take into account cultural variations, and adjust to the local regulatory environment are all necessary for the success of talent management strategies in Mexico. In-depth information on recruiting, selection, succession planning, and retention tactics will be included in this study. Additionally, it will investigate the ways in which labour shortages and the availability of inexpensive labour affect talent management strategies, ultimately assisting in the creation of a multi-level talent management strategy that works for Mexico.
Multi-Level Talent Management
Organisations have a difficulty in managing a diversified and culturally rich workforce across numerous geographies in today's globalised business context. An important strategy for handling the complexities of managing workers from various cultural origins and organisational levels is multi-level talent management. This strategy is especially important for businesses that operate globally, including those that are growing into foreign nations like Mexico. Three essential aspects of multi-level talent management include managing talent from the parent country, the overseas host country, and third-country nationals.
· Managing Talent from the Parent Country (United States): From the home office, effective talent management is initiated. In order to guarantee conformity...