Molex free essay sample

Molex is a global 1. 84 billion dollar company that manufactures electronic components; the company is based in Chicago and is the world’s second largest manufacturer of electronic components. Although the company started as a local company, the vision of Molex was much greater. Molex now generates about 61 percent of its business from outside of the United States. Molex has stayed true to its set goal, which is to build a truly global company that is at home wherever in the world it operates and that proactively shares valuable knowledge across operations in different countries. The company operates about 50 manufacturing plants in 21 countries and has more than 16,000 employees worldwide, with only one-third of them located in the United States. 2. Molex has confronted legal, cultural, and ethical challenges in a way that has made the company unique and set apart from their competitors. The human resource department of Molex has been instrumental in this process. We will write a custom essay sample on Molex or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Molex’s policy is to hire experienced human resource managers from other companies in the same country in which it has operations. The idea is to hire people who know the language, have credibility, know the law, and know how to recruit in that country. Since every country has a different legal system, managers from the operating country will have first hand insight on employment law policies, compensation norms, and the cultural attitude toward work in that particular country. This important because even though the company is the same, the legal polices varies from country to country. This strategy ensures a solid legal foundation and sets the tone for the company. Molex is really successful because it treats all expatriates the same no matter where they are or where they are working. Molex believes this lays the foundation for a common corporate culture and provides the sharing of useful knowledge among teams. Not only do they send expatriates to foreign countries to work, Molex makes sure that employees stay in touch with their home office on a regular basis so that they do not become distant or feel alone on their journey. Communication is the key to their success. As an experienced manager working in manufacturing for the past 16 years, a majority of companies do not provide this type of learning opportunity and do not take advantage of the sharing of knowledge across companies and cultures that can be gained to provide a competitive advantage. Most employees stay 2-5 years because there are no opportunities or there are no programs to put employees on a path to management levels. 4. The HRM function helps build Molex’s strategy of globally trained individuals through a management development program. They make sure they have employees who are looking for longevity with the company and who are looking to advance themselves across all functions of the business. This knowledge is used to solve problems and make improvements through the use of teams. These individuals become very knowledgeable and see things differently across cultures and can provide different vantage points for others who are having issues. The programs that Molex has in place provide the corporation with the success it has had for over 70 years.