Effects of Globalization on Human Resources Management
Today, human resource managers have to devise strategies that are ‘glocal’ – global yet local.
01.Recruitment
Today’s
workforce is a mix of on-site/off-site teams and remote/virtual teams across
different locations, genders, age and ethics.
02.Compensation
Employees
always want more – whether it is the basic salary, perks or benefits.
Compensation is the primary motivator for any person.
03. Training
Every
newly hired candidate has to be taken through training regarding the company’s
policies and procedures as well as his or her job role.
04.Labour Laws
Obviously,
labour laws vary from one country to another. The human resource managers are
required to have a thorough knowledge of international and domestic labour laws
or else the company may find itself in a legal soup.
05.Attracting
Talent
Today’s
employees want to join organizations on their terms. The right employees are
those who can fit into the culture of the organization.
06.Communication
The world
never sleeps! If one country is closing its office, the other may be just
opening or in full swing business hours.
07.Succession
Planning
What if an
employee quits or is transferred or promoted? Is there someone who can fill the
position quickly? Such dilemmas can be avoided by succession planning and
leadership development programs.
08.Change
Management
Change is
the only constant in life. Unfortunately, organizations face a major employee
resistance when a change is implemented.
09.Privacy and
Security
Human
resources department is responsible for employee privacy as well as company
information security. Any leakage can have devastating effects on the
organization.
Conclusion
Globalization has a most important implication for human resource management practice in general. For some, globalization creates pressures for taking best, a transferable set of HRM practices that can spread around the world. It is a force that touches the lives of people living in all countries of the world. In the age of globalization, there is an opportunity to enter new markets, to improved job opportunities and higher remuneration for skilled employees. The challenges are equally numerous. Organizations need to deal with a mature workforce; and they must attract, integrate and maintain multicultural employment pools; human rights and business practices to be successful.
References
Albrow,
Martin; King, Elizabeth (1990). Globalization, knowledge, and society: readings
from International sociology. Sage Publications. ISBN 978-0-8039-8323-6.
Slaughter,
M. J. (2007). Globalization and Declining Unionization in the United States,
Industrial Relations, 46(2):329-346 DOI: https://doi.org/10.1111/j.1468-232X.2007.00470.x
Globalization is the importance for HRM Practices, HRM Practices that can spread around the world, HRM have to devise strategies, you explained it clearly,
ReplyDelete“The increasing prevalence of globalization is driven by a number of factors, including shortage of talent in developing countries, global market forces, technological forces, global cost forces. Also, this paper examines the various issues in Human Resources Management and challenges in the global market also this paper look into the roles and responsibilities of Human Resources in this globalization era” (Saranya & Ashok, 2019).
ReplyDeleteGlobalization has a huge impact on human resource development and management when a company expands its operations into other countries. Companies must consider a wide range of practical changes in order to hire, train, retain, and support a workforce that is frequently dispersed across multiple nations, each with its own cultural identity. Human Resources departments must adjust their ideas and methods to account for cultural variances, foreign rules, and technological advances (Natter, 2020)
ReplyDeleteAs part of the human resources role in globalization, the HR department will need to increase support of its current staff as they transfer overseas to new positions. Assistance with visas, work permits, and housing will be required, as well as training in cultural issues and perhaps language acquisition. New local talent must be acquired and developed, as well. A company's ability to move into new markets, will depend on its ability to fill needs with skilled workers.
ReplyDeleteAs all the sections of society focus on the process of globalization,human aspirations change and needs change.Therefore,many aspects of the human resource management process are inevitably affected.
ReplyDeleteGlobalization also exerts pleasure on the HRM function to adapt to changing organizational needs and add greater value.
ReplyDeleteGlobalization has a most important implication for human resource management practice in general. For some, globalization creates pressures for taking best, a transferable set of HRM practices that can spread around the world.
ReplyDelete