Identify a company in your community and describe the human resources challenges facing it.

 Human resource management challenges that will continue to evolve for years to come as the business landscape is transforming and changing rapidly. HR departments need to be adding real business value to their organizations through an increased emphasis on training and engagement programs or by investing in areas that will optimize expenditure. An integrated technology systems or improved candidate attraction schemes would be helpful. As the business world changes, so does the role of HR professionals. Since human resources is a business-driven function, effectiveness depends on the ability to influence key policies and decisions. 

According to TSMC's HR policy, TSMC emphasizes "Right People with Shared Vision and Values". Through a variety of human resources practices, our employees can bring all their potential into full play in the right position, which contributes to a win-win situation for both our company and employees. However, some challenges are inherently ignoring TSMC.

Taiwan Semiconductor Manufacturing Company, also called Taiwan Semiconductor, is a Taiwanese multinational semiconductor contract manufacturing and design company. It is the world's most valuable semiconductor company, the world's largest dedicated independent semiconductor foundry, and one of Taiwan's largest companies, with its headquarters and main operations located in the Hsinchu Science Park in Hsinchu. It is majority owned by foreign investors.

However, Taiwan is beefing up efforts to protect what may be the island’s most important resources from being poached by China. In earlier 2022, Taiwan’s cabinet proposed strengthening the country’s National Security Act. The proposals also target Chinese companies that circumvent restrictions on investing and hiring, two common methods of acquiring Taiwanese technology and experience. The reason that is so important for Taiwan and it leading to concerns about leakage of some very important intellectual property. There is a very big fear that if these top engineers are being lured away to China, they will take some trade secrets with them and that could damage the competitiveness of the Taiwanese economy. Despite its success in advanced manufacturing, Taiwan has long struggled with brain drain to China, where students and professionals can access better scholarships, salaries, and benefits than on the island, where wages have largely stagnated over the last 20 years.

Reference

Hale, E. (2022, May 4). Taiwan cracks down on China Poaching Tech Talent. Technology | Al Jazeera. Retrieved May 23, 2022, from https://www.aljazeera.com/economy/2022/5/4/taiwan-is-trying-to-thwart-chinas-efforts-to-poach-tech-talent 

Training Skills, by E. Garner, pages 41-43.

What HR People Do, by T. Greener, pages 57-70.