Discuss The Impact Of Globalization On Human Resource Management

1181 Words3 Pages
bulb-icon

Recommended: Human resource management globalization

Introduction We now live in a global pattern of flows of skills and human capital and those flows are no longer defined by narrow definitions of skills they are defined instead by talent, they are defined instead by entrepreneurship abilities and attitudes and they are defined instead by ability to innovate and even an interest to pursue innovation. This age of change, this movement to the human centric economy where human resources becomes the most important function of production, is a new age and yet the process of change is not that new for us. We lived through it as a humanity before not in our memory as human beings but as collective humanity. We had the age of land which lasted tens of millennia – when the main productive factor in the …show more content…

This aspect of globalization has also affected the HRM in the business world of today. HR managers today not need to rely in a small limited market to find the right employees needed to meet the global challenge, but today they can recruit the employees from around the world. Besides that the effective data based which is being used globally today also has made HRM a simple but effective task. Thus due to globalization to some extent HRM has become more efficient and effective, but relatively a simple task. The most important factor that these organizations are made up of People, and since HRM is the set of activities which deals with the people factor present in any organization, this change has affected The Human Resources Management itself a lot. Human resources manager of today must ensure that the appropriate mix of employees in terms of knowledge, skills and culture. Global HRM refers to Human Resource Management practices that deal with managing a diversity of workforce from all around the world. Therefore Globalization demands new HRM …show more content…

Expect employees to have a say in how the organization is run. Information - Driven Environments – Information can be obtained, shared and disseminated almost instantaneously. New employees need to understand how to use this access to information to help them in their jobs. You may find the job descriptions are affected by this trend and you cannot afford to ignore it’s implications specially when recruiting, hiring and training. Smaller Companies – The trend towards smaller companies has also accelerated the trend to solo HR practitioners. The solo HR practitioner is unique and he is charged with overall responsibilities for a firm between 50-150 employees. This means that HR professional in a smaller firm becomes a jack of all trades. HE is involved in hiring, compensation, benefits, compliance with laws affecting employees in the workplace and health and safety issues. This multiplicity of tasks requires individuals with strong organisation skills who can quickly shift from project to project and topic to topic without becoming

Show More
Related

  • International Human Resource Management Case Study

    1264 Words  | 3 Pages

    While there are many various global issues that affect the International Human Resource Management to run efficiently, there are two key concepts that play a major role in understanding how to approach them with cohesive and a well coherent strategy; they are the International Human Recourse Management Strategy and Understanding the Cultural Environment. In the International Resource Management strategy, many companies will do their research in finding companies that offer the following:

    Read More

  • Global Human Resource Management

    943 Words  | 2 Pages

    What are the HR Strategies that management must undertake and support to create a successful global presence to insure the success of an organization in meeting its goals and mission?

    Read More

  • Globalization Of Human Capital Case Study

    1522 Words  | 4 Pages

    Globalization of human capital is where, human resources are sook after by companies from all over the world. Due to the increased demand for skills at a lower cost, companies will tend to look for employees to work in their premises from all over the world (Webforum, 2015). In this regard, since companies are extending their operations the entire world over, human capital globalization is inevitable since they will need to work with people from these countries for them to successfully exploit global markets.

    Read More

  • Human Resources at Proctor and Gamble

    1821 Words  | 4 Pages

    Human resource management (HRM) encompasses the activities of acquiring, maintaining, and developing the organization's employees (human resources). "The traditional view of these activities focuses on planning for staffing needs, recruiting and selecting of employees, orienting and training staff, appraising their performance, providing compensations and benefits, and making their career movement and development." HRM involves two aspects:...

    Read More

  • Repatriation Essay

    1920 Words  | 4 Pages

    International human resource management (IHRM) refers to “an extension of human resource that relates to having people working in a foreign country.” Peltonen (2006) defines international human resource management (IHRM) as a branch of ...

    Read More

  • Human Resource Management Practices In Nigeria Case Study

    895 Words  | 2 Pages

    Modern types of technical know-how and competence would have need for HR specialists in coming years that have the flexibility and willingness to handle the fast speed and regularly uncertain shifts in the global workplace (Mayrhofer and Brewster, 2005). The human resource field has to analyse the consequences of a movement into a stage of decentralization, which if performed well, could lead to independence. The stage will have need for a modern type of organization, formed on a criterion that merges the contributions of self-governed employees in a humanly feasible way. It is therefore apparent that a different way to manage HR as a standard is surfacing; likewise how managers should manage themselves (Limerick et al, 2002). The key target for managers of this era is the pressure to manage change quickly and appropriately in a HRM context with efficient

    Read More

  • International Management Challenges

    2709 Words  | 6 Pages

    ...e located and the human resource management to effectively manage the global workforce diversity. Furthermore, management practices across nations should be more focused in terms of enhancing expatriates’ experience with cross-cultural training. It is also highlighted that executives of international firms must efficiently devise the best strategies and plans to increase the business positive performance and for controlling resources of their foreign subsidiaries. As a consequence, global managers play a very important role in the development and success of multinational corporations in the current competitive international market since there are numerous issues that they have to deal with in the operating process. If the enterprises could overcome the management challenges, they would gain great opportunities in the global economy and achieve favorable outcomes.

    Read More

  • Human Resource Management Case Study

    1297 Words  | 3 Pages

    The main purpose of Human Resource Management is to increase the effectiveness and contribution of employee’s attainment of organizational goals and objective (Youssef, C.). Many areas of HRM have been discussed in this course. Those areas are EEO and Affirmative action, Human resource planning, recruitment, and selection, Human resource development, compensation and benefits, safety and health, and employee and labor relations. All these categories have an impact on how an organization is managed. Although there are many things that impact a business, the most important thing about managing a business is selecting the right people to help the company succeed.

    Read More

  • Internal And External Factors Affecting Human Resource Management Essay

    2237 Words  | 5 Pages

    The work of HR specialist is not only affected by the internal factors, there are also external environmental factors that influence how HR specialist operates. In this section, I am going to discuss factors that influence the Practice of HR in organizations, from outside the scope of the organization. The factors include Political, Legislation and Regulations, Actions of Competitors and Economy of the country

    Read More

  • Equity in Human Resource Management

    2507 Words  | 6 Pages

    The importance of Human Resource management is associated with the beginning of mankind. As the knowledge of survival had begun including safety, health, hunting and gathering, tribal leaders passed on the knowledge to their youth. However more advanced HRM functions were developed as early as 1000 B.C and 2000 B.C. Since the modern management theory took over, the working environment was transformed into a more friendly and safe work place. The workers were termed as most valuable resources. While some companies took the human side of employment seriously, there were others who did not find it mandatory. Hence they faced huge labor unions and factory shut downs (Henning, 2001).

    Read More

  • Globalization and Human Resource Management

    1375 Words  | 3 Pages

    With the proliferation of the internet international Business transactions are more common today than ever. Globalization is now a key factor when creating a business strategy for most companies whether they are small family own businesses or huge corporations. Globalization however does not just involve selling a product in other countries. There are legal and cultural concerns that must be addressed. The legal aspects are fairly simple because in most places the laws are spelled out. It's the local customs, and regional way of doing things that can be tricky. Research on globalization has shown that it is not an omnipotent, unidirectional force leveling everything in its path. Because a global culture does not exist, any search for it would be futile. It is more fruitful to instead focus on particular aspects of life that are indeed affected by the globalizing process. (1). In this new economy, as it has been in the past, it will be the people not the machines who will determine a company's success. Having an effective Human Resource Management team that effectively analyze your company's current and future personnel needs is key in any business organization.

    Read More

  • Human Resource Management In The Workplace

    796 Words  | 2 Pages

    Human Resource Management (HRM) can be defined as “the set of programs, functions, and activities designed and performed in order to capitalize on both employee as well as organizational effectiveness. It is a management function that helps organization in recruiting, selecting, and training, developing and managing

    Read More

  • History Of Human Resource Management

    1379 Words  | 3 Pages

    Human resource management is the strategic and coherent approach to the management of an organization's most valued assets - the people working there who individually and collectively contribute to the achievement of the objectives of the business. The terms "human resource management" and "human resources" (HR) have largely replaced the term "personnel management" as a description of the processes involved in managing people in organizations. Human Resource management is evolving rapidly. Human resource management is both an academic theory and a business practice that addresses the theoretical and practical techniques of managing a workforce. (1)

    Read More

  • Globalization In Hrm

    1295 Words  | 3 Pages

    ...cludes marketing, sales, and operations have made an abundant of progression in adjusting to the globalization of HRM. However, the HR task typically lagged in areas such as policies and structures that boost globalization. The top challenges HRM faces in the globalization compromises of: comprehending the constant change of the global environment; building cognizance of global HRM and creating multicultural teams (Rioux, Bernthal , & Wellins ).

    Read More

  • History Of Human Resource Management

    1796 Words  | 4 Pages

    Human Resource Management (HRM) is fundamentally another name for personnel management. It is the process of making sure the employees are as creative as they can be. HRM is a way of grouping the range of activities associated with managing people that are variously categorised under employee relations, industrial/labour relations, personnel management and organisational behaviour. Many academic departments where research and teaching in all these areas take place have adopted the title department of human resources management. HRM is a coordinated approach to managing people that seeks to integrate the various personnel activates so that they are compatible with each other. Therefore the key areas of employee resourcing, employee development, employee reward and employee involvement are considered to be interrelated. Policy-making and procedures in one of these areas will have an impact on other areas, therefore human resources management is an approach that takes a holistic view and considers how various areas can be integrated.

    Read More

More about Discuss The Impact Of Globalization On Human Resource Management

Open Document