Sunday, January 6, 2019

MN7181-The Global Context for HRM


" Globalization and Human Resources Management”


As a result of globalization, many firms have begun to compete on a worldwide basis. This situation has led Human Resources Management to gain more importance in the global arena and international Human Resource Management field. Over the past few decades, international Human Resource Management has become an important segment of Human Resource Management. The increasing globalization of business has required organisations to manage their workforce effectively. Managing a foreign workforce can differ drastically from managing a domestic one. Human Resource Management in the international context requires managing diverse workforce originating from different nationalities with various cultures. Therefore, workforce diversity has become increasingly important for organisations that plan to expand into global markets and target different consumer groups.

Organisations can adopt different approaches for managing their workforce and every function of HRM systems should be designed consistent to the workforce diversity of the organisation.

The preliminary function of global Human Resource Management is that the organisation carries a local appeal in the host country despite maintaining an international feel. To exemplify, any multinational / international company would not like to be called as local, however the same wants a domestic touch in the host country and there lies the challenge.

Global HRM therefore is a very challenging front in HRM. If one is able to strike the right chord in designing structures and controls, the job is half done. Subsidiaries are held together by global HRM, different subsidiaries can function operate coherently only when it is enabled by efficient structures and controls.

The main reason for the growth of the internationalization with respect to employment is the cultural differences in terms of national values and attitudes. Thus a lot of care must be taken to adopt, improve and standardize culturally suitable human resource management plan, policy and performance (Sparrow, 2006).

Reference:

Adonoo, S. (2011). Human Resource Management in the context of a global company. [ebook] Available at: https://www.grin.com/document/196467 [Accessed 6 Jan. 2019].

(Sparrow, 2006) cited at UKEssays. November 2013. HRM in an international context. [online]. Available from: https://www.ukessays.com/essays/management/hrm-in-an-international-context-management-essay.php?vref=1 [Accessed 6 January 2019].

4 comments:

MN7181-The Global Context for HRM

" Globalization and Human Resources Management” As a result of globalization, many firms have begun to compete on a worldw...