Question

(15 marks) As there is no any effective medicine for the treatment for Covid-19, quarantine, isolation and social distancing are the bulwarks to prevent the prevention of the virus. However, vaccines being developed by a number of companies around the world have offered a ray of hope. Under such circumstances, Bangladesh has announced to join the production of vaccines. Bangladesh will work with the UK and China if everything goes right, said sources at the Directorate General of Drug Administration (DGDA). In this regard, Incepta Vaccine Ltd has got the permission to produce the vaccine for Covid-19. Incepta Vaccine Ltd is a sister company of Incepta Pharmaceuticals Ltd, is the first human vaccines manufacturing company in Bangladesh in compliance with WHO GMP requirements. Its large production capacity, will allow the company to produce Covid-9 vaccine. Previously, this company used only 30% of its production capacity but currently they need to go for huge production of this vaccine that requires more work force in the production process including professionals, technicians and workers. Incepta Vaccine Ltd even need to bring people from abroad to produce the vaccine more effectively having the collaboration with the UK and China. In this situation, CEO of Incepta Vaccine Ltd requests HR manager to prepare a report to design the compensation package (considering different compensable factors) for the pharmacist and technicians so that company can attract more intellectual and efficient people in this plant not only from national but also from abroad with the possible strategic impact of the proposed pay structure. As an HR manager of this company, how would you make the compensation package that can be attractive for new hiring? Should the compensable factors for national and international hiring be same? Justify your answer.

Note: You can make logical assumptions to make your best answer.

Please answer the question according to Human Resource Management logics.

Answer 1

Staffing global organisation requires methods like Social Media Hiring, Referral Hiring, and Thid Party Consulting based Hiring which gives quality candidates.

Social media hiring is best for cultural fitments however can be skeptical which is disadvantage as it doesnt give an holistic view.

Referral hiring is another effective way because of trust and Recommendations shown. However it can be disadvantageous if referrences are unchecked and unverified.

Consulting based hiring gives top level candidates based on requirements and expectations. However disadvantages being cost of hiring is very high.

Organisinations must check for quality and skills as well as qualification like global experience, overall countries travelled, cross border cross domain management skills, Leadership skills, International relations management, Team building.

Predeparting on boarding opportunity is very critical for global success and hence candidates must b egiven training in global countries and should be given sufficient time to adapt to its culture and way of doing business and then should be expatriated. Here entire family expenses are taken care of and sufficient financial and administrative support is offered for ease if transition to new nation.

Ongoung training will incorporate learning through peers, transition counselling through past expatriates, reverse mentoring and case studies and collaborative approach like on job training with senuor leaders. Here expatriates are offered regular support to understand working culture, management style and organisation structure and systems.

Repatriation policies like attractive remuneration and total rewards package, career development plan for next 5 years, family health and insurance, children schooling and education support, long term stock options and bonsues, flatter hierarchy along with intrinsic motivators like appreciation z support, coaching and mentoring can be part of compensation or total rewards package.

Compensable factors should be standardised and uniform for both national international to avoid discrimination and bring equality.

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