Which term refers to the attraction, selection, development, and retention of talented employees in MNEs?

The correct term that refers to the attraction, selection, development, and retention of talented employees in multinational enterprises (MNEs) is global talent management. This encompasses a comprehensive approach to managing the workforce on an international scale, recognizing that MNEs operate within diverse markets and cultures.

Global talent management involves strategic practices aimed at identifying high-potential employees across different regions, ensuring that the right individuals are recruited and developed in alignment with the organization's goals. It includes creating development programs that enhance their skills and preparing them for leadership roles within the MNE. Retention strategies, such as competitive benefits and career advancement opportunities, are also crucial components of global talent management, ensuring that talented employees remain engaged and committed to the organization.

Workforce planning, while related, concentrates more on the forecasting and planning aspects of staffing needs, rather than the comprehensive strategy of managing and nurturing talent. Human capital development is a valuable concept that focuses specifically on the growth and improvement of employee skills, but it does not explicitly capture the full scope of global talent management. Competency mapping is a process to identify and define the skills required for positions within the organization, but it is more narrowly focused and does not encompass all aspects of talent management such as attraction and retention. Thus,