“New Normal” implications for global talent in the wake of economic nationalism and slowdown

As a result of global economies' protectionist policies, followed by economic nationalism and a downturn, there is a shortage of talent with the requisite skills, knowledge, and abilities to meet the contingencies amid COVID‐19. The recent developments have necessitated multinational businesses...

Full description

Saved in:
Bibliographic Details
Published in:Thunderbird international business review 2023-01, Vol.65 (1), p.161-175
Main Authors: Showkat, Saloome, Wani, Tahir, Kaur, Jaspreet
Format: Article
Language:English
Subjects:
Ability
COVID-19
Economic nationalism
Experiments
global talent
International business
Mental health
Multinational corporations
Nationalism
New Normal
Qualitative research
remote learning
talent exchange
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:As a result of global economies' protectionist policies, followed by economic nationalism and a downturn, there is a shortage of talent with the requisite skills, knowledge, and abilities to meet the contingencies amid COVID‐19. The recent developments have necessitated multinational businesses to manage their talent in a new international business context. Therefore, the purpose of this paper is to explore the implications of the “New Normal” for global talent which is manifested by economic nationalism and slowdown. This study used an inductive method to qualitative research, conducted in‐depth interviews with 28 top executives from multinational corporations. The implications for the global talent emerged from the current study as skill enhancement based on the emerged business model; training and development pertinent to new responsibilities and activities; adaptability to changes in the macroenvironment; emphasis on employee proactivity, experimentation, and risk‐taking; emphasis on hyperspecialization to take on contract positions; global talent needs to participate in remote learning; global talent must emphasize on mental health issues; and registering in talent exchange programs to fill talent skill shortages.
ISSN:1096-4762
1520-6874
DOI:10.1002/tie.22270