True.
A labor shortage is not enough qualified candidates available to fill jobs. One way to deal with that is to hang on to the qualified people you already have by making them happier so they won't leave.
The most effective long-range solution to a situation where a foreign government is demanding local participation in a multinational corporation's business activities in the host country is planned domestication.
Any company that is registered and conducts business in more than one nation at once is referred to as a multinational corporation (MNC), sometimes known as a transnational corporation. The corporation typically operates totally or partially owned subsidiaries in other nations while having its headquarters in one particular nation.
MNCs provide their goods and services in many different nations, necessitating global management. Multinational companies have many assets, a high rate of turnover, and aggressive marketing. The Multinational companies in India include LTI, TCS, Tech Mahindra, Deloitte, and Capgemini, to name a few.
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