The Impact Of Human Resources Management Globally

1137 Words3 Pages
bulb-icon

Recommended: International hrm case study spanning the globe

In dynamic, global competitive markets, successful organizations are likely to be staffed with managers capable of adapting to constantly evolving roles, and with the capacity to achieve and sustain optimal levels of performance. The global market place has currently impacted the practice of human resources management in the United States and will continue in the next ten years. Labor laws, wage disparities, intense competition and fluctuating currency values are the challenges that are making organizations worldwide to compete in marketplace with products requiring a great deal of labor, and it is now getting harder for some of these organizations to maintain employees abroad. As Mello (p. 610) mentioned that a greater percentage of United States workforces are moving their operations abroad to developing nations like China and leaving an increasing number of United States domestic workers without employment. The foreign markets for the products and services are not the only things enticing these organizations to enter these global marketplaces. There are other reasons these companies are joining the global market arenas. For example, the foreign labor markets, this has attracted interest in many organizations to expand globally (Gersten, 1991). The labor force growth rates in developing nations alone will continue expanding by approximately 700 million people by the year 2010, while the United States labor force will continue to grow by only 25 million. This shows that United States’ growth rate will drop and the opportunities for productivity growth rate will increase in developing countries. The other factors which are driving to these labor force numbers are the current workforce in United S... ... middle of paper ... ...days. All human resources professionals must be aware of the trends in their field and need to plan a head to meet the future requirements in this world of globalization. Reference: Crossley, M. & Vulliamy, G. (1997). Reference Books in International Education Qualitative Educational Research in Developing Countries: Current Perspectives., Vol. 35. Deardorff, A.V., (2003). World Economy, What Might Globalization’s Critics Believe? May2003, Vol. 26 Issue 5, p639-658, 20p; Gertsen, (2000). Intercultural Competence and Expatriates. International Journal of Human Resource Management 341-362. 20 Mello, J.A. (2006). Strategic Human Resource Management (2nd Ed.). Mason, Ohio: South-Western. Schermerhorn JR, (2001). Management Update 2001, 6th Edition, New York, John Wiley and Sons, Inc.

Show More
Related

  • Human Resources Management at REI, Inc.

    2489 Words  | 5 Pages

    Noe, Raymond A., et al. Human Resource Management: Gaining a Competitive Advantage. 7th ed. New York: McGraw-Hill/Irwin, 2010. Print.

    Read More

  • Case Analysis: RL Wolfe

    3133 Words  | 7 Pages

    Lengnick-Hall M.L.; Lengnick-Hall, C.A.; Andrade, L.S.; Drake, B. 2009. “Strategic human resource management: The evolution of the field.” Human Resource Management Review, 19, pp. 64-85.

    Read More

  • 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

  • Charles Schwab Strategic Analysis

    1987 Words  | 4 Pages

    Demographic: It is very likely that a decline in the ratio of the working population in wealthier countries will take place in the near future. And in order for developed countries to continue their functionality and stay competitive, they will have to seek employees from the outside. This shortage of skilled labor in wealthier countries can be covered by external resources located abroad. India and other developing countries have a younger workforce with the levels of skills and education required to fill the likely scarcity of high skilled employees in the developed world. India produces over 2 million graduates each year for example; this gives companies sufficient options to select from, when they recruit workers for their offshore operations.

    Read More

  • Case Study Of The Rio Tinto Company

    855 Words  | 2 Pages

    This paper is about leading people through a management system called Human Resource (HR), that does more than payroll, design training, and avoiding lawsuits. It provides essential components that will ensure that human talent is used effectively and efficiently to accomplish organizational goals. It is a case study of the Rio Tinto company 's Human Resources global approach after a significant downsizing in 2008.

    Read More

  • Service based economy in the U.S.

    354 Words  | 1 Pages

    We say that we are heading toward a more global economy because of the fact that competition in today’s markets is global. This means that corporations in the United States can compete in foreign markets and vice versa, therefore U.S. corporations and foreign corporations become interdependent and thrive off each other. This can have a good impact on the United States because it allows U.S. corporations to seek materials and labor outside of the U.S. in countries such as China, India, and Mexico, where workers are paid a lot less money than U.S. workers, thus allowing them to sell their products for significantly cheaper than if they were produced in the U.S.; however, the tradeoff is that many American workers in the industrial sector lose jobs due to this shift of labor to overseas. In the long run this will be beneficial for the U.S. and although some percentage of workers are losing work, new jobs in the services sector, in fields such as computer technology, telecommunications, and language skills are opening up and experiencing growth because of this change.

    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

  • Importance of Cultural Differences in International Business

    1761 Words  | 4 Pages

    Our economic development will forever be defined as our ability to succeed internationally. PwC forecasts India’s real annual GDP growth until 2050 at 8.9 percent, Vietnam’s at 8.8 percent, and China’s at 5.9 percent. The list of fast-growing emerging markets goes on and on. The U.S. forecast is a meager 2.4 percent, comparable with most Western economies. The domestic companies that are likely to see incremental growth in the coming decades are those that are not only doing business internationally, but that are developing the strategic skill set to master doing business across cultures. Cross-cultural core competence is at the crux of today’s sustainable competitive advantage. For example, political environment will tell us, as to how and why political leaders control, whether and how of international business. Legal environment, both national and international will tell us about many kinds of laws by which business firms must work. The cultural environment will tell us about attitudes, beliefs and opinions important to business people. Economic environment will tell us about the economic system being followed by the host country, which may or may not be different from home country. It will also explain the variables such as level of development, human resources, Gross Domestic Per Capita and consumption patterns that determine a firm’s ability to do business. Geography will tell us about location, quantity, and quality of the world’s resources.

    Read More

  • Compare And Contrast Human Resource Management In Different Countries

    1488 Words  | 3 Pages

    Human Resource Management is different in different countries. In some countries it is according to what the employees want and in some places it is based on what the government or the company wants. Different cultures have different ideologies. This report will compare the Human resource management in two very similar but different countries of Asia (China and Japan)

    Read More

  • International Human Resource Management In Mnc Case Study

    1982 Words  | 4 Pages

    Globalization has changed business scenario, has increased competition among companies and countries. Globalisation has helped industries to grow and also helped in the economic development of many countries. Globalisation stimulated the growth of Multi-National Companies (MNCs) and helped them to spread their operations without any boundaries. This resulted in large number of MNCs, which in turn made Human Resource Management (HRM) as one of the most sought functions in all MNCs.

    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

  • Globalization and Diversity in the Workplace

    667 Words  | 2 Pages

    With the advent of the Internet, decreased shipping costs, and the removal of trade barriers, the world market has shrunk in such a way that everyone can be a player. While many businesses thrive solely on serving a small local area, a globalized company has the benefits of increased customer markets, gross production, and brand awareness. Take for example Coca-Cola; this multi-national corporation offers products in countries all over the world, operates in over 200 of those countries with the help of its franchisees, and is the most well-known beverage companies. It is interesting to note however, that as positive as globalization may seem, there are many negative ramifications and a large population of detractors to this movement. While increased product availability is good for profits, if a local market is inundated with imported products, locally grown or manufactured items may be squeezed out, to the detriment of the local economy. Although it is cost effective to have your product produced in another country with low wages, you are essentially taking away jobs from the people of your own country, negatively impacting your national economy. However, if you manufacture your products in a country with higher wages, you must increase your products’ prices which may be harmful to your profits. While maximizing your companies profits is always of great importance, it is essential that you weigh the pros and cons of globalization and its effects on not only your company, but the areas in which you wish to spread.

    Read More

  • Examples Of Human Resource Management Interventions

    1357 Words  | 3 Pages

    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,

    Read More

  • The Emerging Challenges in Human Resource Management

    907 Words  | 2 Pages

    The first challenge Human resource management is facing is globalization. Globalization is international integration arising ...

    Read More

  • The Importance Of International Human Resource Management

    892 Words  | 2 Pages

    anaging people is a difficult task. In every organization, Human resource management is the toughest job as humans are contradicts with their attitude, assumption, aspiration and psychology. Therefore, they face most of the challenges, frustrations, and opportunities that are directly related to the people. In this era, members in managerial level must have plenty of strategic and conceptual skills. HR managers should be able to contribute harmony in the work place as it promotes proactive work atmosphere. Similarly, Managers should have an ability to empower the employees as it enables them to devote their maximum effort to their job. Now, the world is becoming more international. Due to globalization, resources of various countries are being used for producing goods and services and most of them are able to do it efficiently. In contrary,

    Read More

More about The Impact Of Human Resources Management Globally

Open Document