Impact of Training and Development in Context of IHRM

This study aims to study and analyze the training and developmental practices in MNC’s (Multi National Corporations) and understand to what extent these trainings are effective in bringing out effective employee adjustment and performance in lieu of return on investment (ROI). Objectives are to study (i) importance of IHRM towards training and development in MNC’s (ii) importance and relationship between qualities of international training with that of expats performance, (iii) effectiveness of pre-departure training in expats, (iv) effect of expatriate's personality and social network on culture adjustment and (v) how to measure benefits of training (ROI). Research study is completely based on review and analysis of past literature. Analysis of the review indicates that emphasis is put on the importance of training both in general and training imparted by MNC’s to their employees before they are recruited from third countries to join overseas establishment. Importance of pre-departure training is to avoid any failures at host country level. In regards to issues like cost, time and difficulty, research studies are limited. It is viewed that cross-cultural training provided by most multinationals is insufficient, incomplete or simply non-existent. Further ROI evaluation specifies mostly on the descriptive evaluation but does not specify techniques for quantitative evaluation of training and developmental programs even at business impact level. This can be considered as one of the major drawback of the model. In contrast there are many models, techniques, tools etc. to evaluate ROI but to what extent all these models are accurate is not transparent.