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Emerging challenges in human resource management
Emerging challenges in human resource management
Emerging challenges in human resource management
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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, …show more content…
(Dickmann et al, 2008; p7 cited in Brewster et al, 2011; p23) The main difference between local HRM and International HRM is the knowledge and responsibility required by foreign operations which includes language, laws and regulations, currency exchange rates, career outlooks and company benefits. The most important knowledge is about the ethics of foreign business contracts. The members of International Human resource must understand the differences of culture and ethics in an organization and should be aware of it. There are various HR challenges of International Business. It is a complex job to deal with global staffing. In contrary, there is a huge competitive advantage of it if an organization is capable to such
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:
The advent of the multinational organization offers unique challenges for the human resources professional within the area of compensation and benefits. To effectively administer human resources programs brings challenges from which there is no clear historical path, and must address not only training and development for the multinational corporation employee, but in many cases for the family, which can be a costly endeavor because of the high rate of failure hinging on the expatriate’s worldview.
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.
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?
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 ...
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).
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.
The Importance of the Human Resource Function Human resources are the backbone of any business. It deals with the most important resource in the business – people. For any business to achieve its objectives they must plan their resources and one of their key resource is people. They need to get the right people and develop. them well in order to meet the organisation’s aims successfully.
There are many differences between International and Domestic Human Resource Management. Some of them were stated by Brewster and Bennet (2010). These include differences in laws and regulations, organizational structure, cultures, skills and performance management. Related to this, Harris, Brewster and Sparrow (2003+) has characterized three approaches of International Human Resource Management.
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)
Changing Roles. Traditionally, HR has been an administrative position-processing paperwork, benefits, hiring and firing, and compensation. However, recently HRM has moved from a traditional to a strategic role, the emphasis is on catering to the needs of consumers and workers. Before, HR was seen as the enemy and employees believed that HR’s main purpose was to protect management. Now, the position requires HRM to be more people oriented and protect their human capitol, the staff. In addition, human resource management has to be business savvy and think of themselves as strategic partners in the 21st century.
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.
Whether an organization consists of five or 25,000 employees, human resources management is vital to the success of the organization. HR is important to all managers because it provides managers with the resources – the employees – necessary to produce the work for the managers and the organization. Beyond this role, HR is capable of becoming a strong strategic partner when it comes to “establishing the overall direction and objectives of key areas of human resource management in order to ensure that they not only are consistent with but also support the achievement of business goals.” (Massey, 1994, p. 27)
International human resource management is that the method of using, developing and satisfying individuals in international or international organizations. It involves the worldwide management of individuals, not simply the management of expatriates. An international firm is one during which operations occur in subsidiaries overseas, which admit the business experience or producing capability of the parent company. International companies are also extremely centralized with tight controls. An international firm is one during which variety of companies in numerous countries area unit managed as a full from the center. The degree of autonomy they need can vary. Global companies provide merchandise or services that area unit rationalized and standardized