An effort is made to study the HR challenges in global Companies and identify the pitfalls, which if corrected, would ensure improvement in organizational performance. This study falls under descriptive study mainly aimed at fact finding. Further, both primary and secondary data was used. The method of sampling used was multistage sampling. The statistical techniques like Mean percentages, Standard deviation, F-test and correlation analysis were used to analyze and interpret the data. The study revealed that the major HR issues that challenged global companies were Talent management, Effective leadership, Compensation management, succession planning and Quality of work life. The solution for this is that the companies should think and take steps that will give the benefits in the long run rather than those steps which focus on gaining short term objectives. It would be worthwhile to conduct a comprehensive study, taking a large sample from all the states of India, as it may throw new light to restructure the entire HR processes in turbulent times and thereby improve the organizational performance.