Human Resources Planning has been in consider a key factor for the development of companies
and its success is highly reflected in the markets nowadays. Such planning may varies from
country to country and therefore, the aim of this research paper is to explore whether Human
Resources Planning can still be consider of relevance within Multinational companies in
Venezuela given the main challenges faced when planning its operations in this country.
The influence of external factors prevailing in Venezuela, such as legal restrictions and socioeconomic
problems in the Human Resources Planning has been analyzed in detail through this
paper in both the academic and the field perspective. As a result, this study lead us to understand
that even though planning plays an important role for Multinational companies, the skill of
improvising and being flexible with said planning has an important role in particular
environments such as the ones currently present in Venezuela.
It is shown that due to the existence of those particular challenges, global policies and practices
should be adapted in order to fulfill the reality of this country. In addition, it was evidenced that
recruiting and retaining the right people has become a hard task in Venezuela as a consequence
of the increasing brain drain that affects the country.