GENERAL KNOWLEDGE

Detailed explanation-1: -When a company adopts the strategy of limiting recruitment to the nationals of the host country (local people), it is called a polycentric approach. The purpose of adopting this approach is to reduce the cost of foreign operations gradually.

Detailed explanation-2: -Ethnocentric approach is used in MNC’s having international strategic orientation while polycentric approach maintains employees from the same area, ethnocentric involves sending employees from the home or parent countries to the host country.

Detailed explanation-3: -The polycentric approach to recruitment means that we hire locals to fill our positions in a host country. For example, we could advertise on local job boards or create a contract with a local recruitment agency.

Detailed explanation-4: -The polycentric approach is a hiring and staffing method in which international subsidiaries of a country find team members from the host country, rather than from the parent company’s location. This can help subsidiaries better understand local needs and operate within a particular community.