The Adaption of Post COVID-19 in IHRM to Mitigate Changes in Employee Welfare Affecting Cross-Cultural Employment
2020
SARS-CoV-2 (COVID-19) has impacted global business financially and increased the levels of unemployment. Increased unemployment and financial volatility have had a direct effect on retained employee confidence as they return to altered work environments. Multinational companies (MNCs) face the need to adapt International Human Resources (IHRM) strategies due to a reduction in cross- cultural expatriate assignments. This paper looks at the interaction between a down-turn in trade and higher unemployment rates, resulting in a decrease in remaining employee confidence. This uncertainty of travel and trade restrictions has highlighted an opportunity to review existing research to offer a multidisciplinary approach that can be applied to IHRM strategies to compensate for any perceived increase risk.
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