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Nestle Problems and Challenges

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Nestlé’s Major Challenges: Here are some the common challenges which all the organizations face around the world and Nestle Bangladesh Ltd is also facing all of these challenges more or less. ✓ Aging workforce and retirements As most of the upper level positions are filled with aged personnel and each year some of them are going to retirement, Nestle has to go for continuous recruitment process to fill those positions when succession is not possible and finding the right person is also a challenge as well. ✓ Less experienced and smaller younger generations Our current job market is filled with new graduates who lack experience which Nestle seeks to maintain the standard in their workplace. ✓ Lack …show more content…

For this, candidates for managerial positions are clearly demonstrated earlier and reviewed their willingness and ability to apply the Nestlé Management and Leadership Principles. The Nestlé Management and Leadership Principles include the guidelines inspiring all the Nestlé employees in their action and in their dealings with others. Even when promoting employees intensively from within the organization, it is the role of management and HR to keep an eye on valuable candidates from outside and to benchmark internal skills with external offers. Consideration taken by Nestle Bangladesh To comply with the changed business world, Nestle Bangladesh has been considered some of the factors to emphasize in their Talent Acquisition policy: ❑ Human capital: Human capital is the major concern for Nestle Bangladesh. To be more productive and efficient in operation, Nestle Bangladesh concentrates on their human resource. They thoroughly analyse the performance of their employees and act accordingly whenever there is lacking. ❑ Globalisation: Nestle Bangladesh itself is an entity of globalization. Nestle has been operating in many subsidiaries. To cope up with international business barriers, they most likely follow a

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