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Hurconomics for Talent Management: The Creation of a Business-driven HRD Missionary by T. V. Rao

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11

HRD Audit

The Benefits of HRD Audits: An Example

An MNC that did not have operations in the world’s largest democracy—India—felt that it should have at least a minimal presence. It set up the company’s manufacturing operations in India in the mid-1990s. Being an American company, it recruited American nationals who never stayed beyond a couple of years. Finally, to save costs, the company decided to appoint an Indian CEO. As the managing director of the company, the CEO established great HR systems. He had a workforce that was young in age and was paid a salary that was at least 20 per cent to 30 per cent above the prevailing market standard.

Five years after it was set up and two years after the Indian CEO took over; the company touched ...

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