Human Resource Management Practices & Talent Management in Response Towards Globalisation: A Comparative study on Telecommunication Company within BIMP-EAGA region

Abstract

The unprecedented pace of globalisation, coupled with trade liberalisation, and capital movement has posed a serious challenge for organisations within BIMB-EAGA region to compete and excel in an open market. Talent management is a fundamental factor in responding towards globalization. Retaining and training good employees is important, especially organization within BIMP-EAGA due to brain drain in pursuit to better opportunities. The industry trend of competitiveness enhances the importance of talent management in developing human capital with good leadership and Human Resource Management (HRM) practice for organisations to survive in current globalized economy. The establishment of BIMB-EAGA is indeed a progressive effort to enhance cooperation and to accelerate the socioeconomic development of less developed, marginalized and geographically in the four countries, Brunei, Indonesia, Malaysia and Philippines. However, globalization and inefficient HRM practices pose threat to the achievement of BIMB-EAGA objective. As a results, organization within this region lack competitive advantages. A comparative study on telecommunication companies within BIMP-EAGA highlights the importance of talent management by incorporating good HRM practice. Strategy and approach embarked by the organisations within the same industry gives a clearer picture. The purpose of this paper is to analyse the HRM practices and leadership issues by focusing on talent management approach amongst telecommunication companies within BIMB-EAGA region to face the threat of globalization.

Introduction
BIMP-EAGA which was formally launched on March 24, 1994, in Davao City, Mindanao, the Philippines, literally an