Global Human capital (case study) Essay Example | Topics and Well Written Essays - 500 words

Global Human capital (case study) - Essay Example As part of business strategy in the early 2000s, the company had to reduce the number of employees at its Tokyo based headquarters. The worker force was reduced above 5000 to the current number of 4,222. This is excludes all the employees on overseas assignments and those working for subsidiaries and offices abroad. A major success factor for the ITOCHU Company is the sound management, the robust organisational structure adopted and as well as the vast international network (Kishita, 2006). Management strategy gives ITOCHU a competitive edge as the company is able to achieve operational efficiency post impressive financials. Guided by the mid-term management plan known as Frontier-2006 the company aimed at increasing profitability in a manner that is stable. It then moved on to implement another mid-term management plan dubbed, Frontier, 2008 who goals were enhancing corporate value on the international arena and increase investor confidence through aggressive management policies. This saw the company post a net income of  ¥218.6 billion in the financial period ending March 2008 and mark the fourth year of record earnings. These are fruits of the growth strategies and hikes in natural resources prices (Rowley & Benson, 2002). In the recent economic restructuring ITOCHU has implemented a number of changes in the area of employee resourcing. Taking advantage of the shukko and haken schemes introduced by government a number of employees have been relocated subsidiaries paving way for the company to externally higher people who are more capable and experienced under the new mid-career professional recruitment system. The company’s HR retention policies have also been redesigned especially on the aspects of job allocation and training. A lot of focus currently is directed at specialisation as opposed to multi-tasking and job rotation (Ballo, 2002). Additionally ITOCHU has moved to attract young talents and foster