Introduction In Sri Lanka, HR practices have traditionally been shaped by cultural values like respect for hierarchy, seniority, and loyalty. Promotions were often based on years of service rather than performance. But as global competition intensifies and multinational companies expand into the region, local businesses are under pressure to modernize. This post explores why updating HR practices is no longer optional — and how Sri Lanka can balance modernization with cultural heritage. 1. A Business Landscape in Transition Global Investment and MNC Influence: With Sri Lanka attracting foreign direct investment (FDI), multinational companies bring international HR systems with them — from cloud-based hiring tools to structured performance reviews. Local firms must now compete not just on products, but also on workplace practices. Regional Competition Is Growing : Neighbouring economies are evolving fast, especially in tech, outsourcing, and talent acquisition. Outdated HR systems...
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