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Managing global human resources
Role of HR in Globalization
Role of HR in Globalization
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The severe competition happening nowadays as a result of pronounced globalization did not only spawn technological innovations, managerial field as well is not left out of these radical changes that influenced the way in which products are being made as well as service delivery systems has changed. Not only this, related and unrelated collaboration is pronounced. Similarly, competitions among firms within and outside the same industry are as well pronounced in present economy. This globalization has influenced HR practices worldwide making it to be more imperative than it was in the past for firms to be engaged in HR practices on international standard. To meet up with the global competition, organizations needs to improve the knowledge and …show more content…
During this time the colonial masters recruit and educate the Nigerians colonized then through the creation of university in 1948 the university which is then known as University College Ibadan. Ever since then, human resource practices has developed and evolved to what it is being practiced in present day (Olufemi, 2009). Nigeria being one of the most populous countries in Africa attracts foreign investors to set up their business. With this, the presence of both local and foreign business cannot be neglected (Fajana, Owoyemi, Elegbede, & Gbajumo-Sheriff, 2011). The critical success of doing business doing successful business in Nigeria will therefore rely on the knowledge of factors that influence HR practices with the inclusion of customs and traditions in the country (Fajana et al., 2011). In the study of Fajana et al (2011 pg. 59) HR practices is known to be one of the most neglected department in organizations making it to lack funding. While (Olofin & Folawewo, 2006) noted that the freedom of HR policies in Nigeria contributes to this issues face especially on behalf of MNCs. This is because HR policies allow MNCs to import human personnel as well as machineries that can be of help. Noting that in a situation where the MNCs have no option instead of recruiting, MNCs’ opt for temporary contract to consultants. This practices in a nut shell, it can be argued that HR practices in Nigeria is till at its infancy stage as argued by Kane
HRM in any company is a weighty issue that needs much attention where business performance is linked to a HR strategy (Caldwell 2008; Ulrich et al. 2008). In the recent past, competition has become stiff, such that organizations need to come up with other means to compete in the extremely dynamic market world. Thus, companies have shifted their emphasis to Strategic Human Resource Management (SHRM) where they enhance and empower their personnel in order to increase the productivity and the services offered into the market (Mello 2006). This goes against the traditional ways of increasing the means of competition where organizations place emphasis on tangible resources. In the past, organizations competed in terms of machinery and acquisitions. This has changed greatly due to the changing customer tastes and the diversity of the market in the present (Delery & Doty 1996; Lengnick-Hall et al. 2009).
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:
Organizations’ other resources can be hired, retained and discarded at any time but human resources needs special treatment. It needs to be carefully hired, deserve an extra effort to retain it and requires training & development to upgrade and improve its capabilities. Other resources depreciate with the passage of time but when the human resource gains more and more experience, it becomes more beneficial for the organizations. These characteristics have brought human resources to be the central element for the success of an organization. (Mohammed, Bhatti, Jariko, and Zehri, 2013, pg. 129, para. 2)
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.
Umo, A. (2013, November 22). Nigerian Women in the Workplace. (A. A. II, Interviewer) YouTube, Inc. Richmond. Retrieved from http://youtu.be/3R1q4czkeiM
...ganizations and different sectors will develop in varied ways, each requiring an approach to international human resource management that best reflects their industry or organization practice. The future of international human resource management does; however, appear to be developing around a number of common themes and determinants, each of which may be applied to different organizations in away which suits them best. These common themes include:
Cultivating a taste for failure and chaos Schmidt encourages it: “Please fail very quickly—so that you can try again.. he had praised an executive who made a several-million-dollar blunder: “‘I’m so glad you made this mistake. Because I want to run a company where we are moving too quickly and doing too much, not being too cautious and doing too little. If we don’t have any of these mistakes, we’re just not taking enough risk.’”
According to our textbook Human Resource Management (HRM) is the policies, practices, and systems that influence employees’ behavior, attitudes, and performance. “The human resources management process involves planning for, attracting, developing, and retaining employees as the HRM planning provides the rights kinds of people, in the right quantity, with the right skills, at the right time (Lussier, 2012, p. 240).” According to our textbook the typical responsibilities of the Human Resources department fall into three categories, and they are administrative services and transaction, which handle hiring employees. The second involves business partner services that focus on attracting, evolving, retaining employees by having a clear understanding
Human Resources Management (HRM) Interventions relates to the idea of improving an organizations overall performance and efficiency by improving the members (individuals and groups) performances, commitment, and flexibility. According to Beer et al. (1984), this is often a relevant intervention technique when organizations are facing increased international competition. They see the value of HR investments as a way to improve organizations competitive advantages. Further, they establish that HRM policies have long-term consequences and immediate organizational outcomes. These policies should include the overall competence of employees, the commitment of employees, the cost effectiveness of HRM practices,
The success of a business depends on the capability of its employees. A businesses success is anchored on the input of his manpower separate from the technological needs. Capital and technology can be generated, however, it is human resources that are necessary for the success of and propelling through the challenges an organization might face. Essentially, nowadays cautious administration of employees’ vital asset requires a key Spotlight on Human Resources Management in a firm. Past exploration on HRM acknowledged that workers make a vital wellspring of upper hand for companies.
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
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).
Lewis, Clive (2007) Human resource management international digest. Bradford: 2007. Vol 15, Iss.4: pg. 3.
Noe, Raymond A., John R. Hollenbeck, Barry Gerhart, and Patrick M. Wright. Human Resource Management: Gaining a Competitive Advantage. 7th ed. Boston: McGraw-Hill Irwin, 2010. Print.
The assignment discusses key periods and movements in this field and expands on their contribution to modern Human Resource Management. In discussing the history of Human Resources Management it is important to offer a definition of the subject. Human Resource Management can be described as "The comprehensive set of managerial activities and tasks concerned with developing and maintaining a qualified workforce - human resources - in ways that contribute to organisational effectiveness." (DeNisi and Griffin, 2004)