Table of Content

Abstract ……………………………………………………………………………………………………………………. 4
Acknowledgment ………………………………………………………………………………………………………. 5
Chapter 1: Introduction ……………………………………………………………………………………………. 6
Chapter 2: Literature Review ……………………………………………………………………………………. 8
2.1 The Importance of HRP as a part of the Business Strategy ……………………………………… 8
2.2 HRP Process……………………………………………………………………………………………………… 9
2.3 HRP in MNCs …………………………………………………………………………………………………. 12
2.4 Main Challenges faced by MNCs when planning HR in Venezuela ……………………….. 16
2.4.1: Legal restrictions………………………………………………………………………………………. 19
2.4.1.1 The Venezuelan Organic Labor and Worker‟s Law …………………………………….. 19
2.4.1.2: Special Bar Against Dismissal …………………………………………………………………. 19
2.4.1.3: Exchange Control ………………………………………………………………………………….. 24
2.4.2: Socio-economic factors ……………………………………………………………………………… 25
2.4.2.1: Influence of social factors in recruitment ………………………………………………….. 25
2.4.2.2: Inflation ………………………………………………………………………………………………… 27
Chapter 3: Methodology………………………………………………………………………………………….. 29
3.1 Research Question …………………………………………………………………………………………… 29
3.2 Proposed Methodology …………………………………………………………………………………….. 29
3.2.1: Research philosophy …………………………………………………………………………………. 30
3.2.2: Research approach ……………………………………………………………………………………. 31
3.2.3: Research strategy ……………………………………………………………………………………… 31
3.2.4: Research Choice ………………………………………………………………………………………. 31
3.2.5: Time Horizon …………………………………………………………………………………………… 32
3.2.6: Qualitative ……………………………………………………………………………………………….. 33
3.2.7: Non-probability sample …………………………………………………………………………….. 33
3.2.8: Operationalization …………………………………………………………………………………….. 34
3.3 Ethics……………………………………………………………………………………………………………… 34
3.4 Limitation ……………………………………………………………………………………………………….. 35
Chapter 4: Data Analysis and Findings ……………………………………………………………………. 37
4.1 Data collection ……………………………………………………………………………………………….. 37
4.2 Sample…………………………………………………………………………………………………………… 37
4.3 Results from interviews …………………………………………………………………………………… 37
Chapter 5: Conclusions …………………………………………………………………………………………… 48
Chapter 6: Self-reflection on own learning & peformance ………………………………………… 50
6.1 Introduction ……………………………………………………………………………………………………. 50
6.2 Personality and experience ………………………………………………………………………………. 50
6.3 Learning process …………………………………………………………………………………………….. 50
6.4 Skills identified during the learning process ……………………………………………………….. 52
6.5 My learning style preference ……………………………………………………………………………. 53
6.6 How can I continue to become more effective learner …………………………………………. 53
6.7 Conclusions ……………………………………………………………………………………………………. 54
Bibliography ……………………………………………………………………………………………………………. 55
Appendix …………………………………………………………………………………………………………………. 58