Multinationals and skills policy networks: HRM as a player in economic and social concerns

This paper uses an embeddedness framework to reconceptualise HRM agency over the external labour market, and in so doing bring into focus the societal implications of HRM. Drawing on qualitative data from 53 key informants in two English regions, we identify the ways in which the subsidiaries of for...

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Main Authors: Olga Tregaskis, Phil Almond
Format: Default Article
Published: 2017
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Online Access:https://hdl.handle.net/2134/27594
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spelling rr-article-94651852017-12-26T00:00:00Z Multinationals and skills policy networks: HRM as a player in economic and social concerns Olga Tregaskis (7178516) Phil Almond (4171915) Human Resource Management (HRM) International HRM Networks Skills This paper uses an embeddedness framework to reconceptualise HRM agency over the external labour market, and in so doing bring into focus the societal implications of HRM. Drawing on qualitative data from 53 key informants in two English regions, we identify the ways in which the subsidiaries of foreign multinationals (MNCs) engage with labour market skills actors. Our findings reveal how power structures are mobilised by local economic actors to align labour market skills with MNCs’ demand priorities. We show that multinationals may seek to partially endogenize the resources of local labour markets when their competitive value is redefined in social as well as economic terms, and demonstrate that the social structure of subnational institutional governance arrangements and firm strategic action on skills creates the conduit through which resource endogenization may occur. Such structures potentially provide a space for social as well as economic concerns to be addressed, although the social structure of institutional arrangements may not prevent social concerns being overridden by economic priorities impacting the quality and value of skills. 2017-12-26T00:00:00Z Text Journal contribution 2134/27594 https://figshare.com/articles/journal_contribution/Multinationals_and_skills_policy_networks_HRM_as_a_player_in_economic_and_social_concerns/9465185 CC BY-NC-ND 4.0
institution Loughborough University
collection Figshare
topic Human Resource Management (HRM)
International HRM
Networks
Skills
spellingShingle Human Resource Management (HRM)
International HRM
Networks
Skills
Olga Tregaskis
Phil Almond
Multinationals and skills policy networks: HRM as a player in economic and social concerns
description This paper uses an embeddedness framework to reconceptualise HRM agency over the external labour market, and in so doing bring into focus the societal implications of HRM. Drawing on qualitative data from 53 key informants in two English regions, we identify the ways in which the subsidiaries of foreign multinationals (MNCs) engage with labour market skills actors. Our findings reveal how power structures are mobilised by local economic actors to align labour market skills with MNCs’ demand priorities. We show that multinationals may seek to partially endogenize the resources of local labour markets when their competitive value is redefined in social as well as economic terms, and demonstrate that the social structure of subnational institutional governance arrangements and firm strategic action on skills creates the conduit through which resource endogenization may occur. Such structures potentially provide a space for social as well as economic concerns to be addressed, although the social structure of institutional arrangements may not prevent social concerns being overridden by economic priorities impacting the quality and value of skills.
format Default
Article
author Olga Tregaskis
Phil Almond
author_facet Olga Tregaskis
Phil Almond
author_sort Olga Tregaskis (7178516)
title Multinationals and skills policy networks: HRM as a player in economic and social concerns
title_short Multinationals and skills policy networks: HRM as a player in economic and social concerns
title_full Multinationals and skills policy networks: HRM as a player in economic and social concerns
title_fullStr Multinationals and skills policy networks: HRM as a player in economic and social concerns
title_full_unstemmed Multinationals and skills policy networks: HRM as a player in economic and social concerns
title_sort multinationals and skills policy networks: hrm as a player in economic and social concerns
publishDate 2017
url https://hdl.handle.net/2134/27594
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