Earl Conteh-Morgan Introduction The end of the 20th Century and the transition to the 21st is characterized by two simultaneous trends:
Globalization today is a representative of how the world is today that is characterized by free movement of human resource, flow of information technology and mass media.
Globalization comes with it new challenges in regards to introduction of competitive environment for doing business. This paper attempts to focus on how globalization affects global human resource management with business organization going global.
The Key Elements of Globalization and Human Resource With the onset of globalization in the 21st century, there have been some challenges that the human resource management has faced, especially in business organizations that operate as multinational corporations or as global enterprises.
These trade blocs have been instrumental in opening up new markets more that has ever been experienced in the past.
With the opening up of new markets across the globe, it has accentuated the importance of effective human resource management so that a company has a better competitive advantage in the global business arena.
In order to achieve this, it is crucial for a company to understand the important factors that work in determining how effective certain human resource approaches and practices are.
Nations where the company is doing business will differ in a number of aspects which act as influencers of direct investment from foreign nations for every country. The different aspects have an impact on how a company shall build an operation in a foreign country, and this will also have a direct impact on human resource management in that company.
A workforce of a nation that is competent will provide the competitive advantage to a company, as the company will be able deliver quality and efficient products and services. Strategic human resource management is a practice that is proactive, has a macro orientation, as well as a long term focus.
This strategy will view the human resource as an investment or an asset. They also need to upgrade their business competency, as well as workforce development to meet the international demands.
Creation of distinct competencies among the labor force and important business partnerships with other nations is crucial. A nation also has to keep up with the changes in technology as far as human resource is concerned, as well as implementation on prescriptions necessary for recovery and economic development of the host country.
Globalization is a representation of a business environment that is better characterized with the flow of technology and human resources across boundaries. It also involves encounters with diverse information technology, as well as interaction with foreign media that presents the changes in the environment, as well as a new competitive environment for any business.
The challenge to a business is balancing the human resource management with cultural aspects present in a given nation. Some of the key elements as far as managing human resource in a globalization environment include management of a workforce that is very diverse.
A global company hires staff from very diverse nationalities, as well as backgrounds, thus, managing all this diversity may be a challenge to the human resource management.
Other factors are also important in a global business environment, including managing strategy, human resource planning and ethics across borders.
The expansion of organizations across borders will require the organizations human resource department to perform strategic partnership with their companies Sparrow, Brewster and Harris, The human resource has to ensure that they overcome the barriers that may arise with the growth of the organization in new geographical boundaries; these may include differences in culture.
The human resource management has to ensure that they achieve the strategy of the organization by having the right people undertaking important responsibilities.
In addition, human resource management has to ensure that staffs are well trained to enable them to better understand the organization in all aspects. An organization to reap from the global business environment cannot have to learn how to venture into new markets.Impact of Globalization on Human Resource Management Keywords: Human Resource Management, Globalization, Data Analytics, Data Warehouse, Online Analytical Processing, Data Mining, Key Performance Indicators, Dashboards, Scorecards.
international migrants in the world in , and fifty-seven per cent of .
Global Human Resource Management - Meaning and Objectives With the advent of globalization, organizations - big or small have ceased to be local, they have become global!
This has increased the workforce diversity and cultural sensitivities have emerged like never before. TOPICAL RESEARCH DIGEST: HUMAN RIGHTS AND HUMAN TRAFFICKING Globalization and Human Trafficking.
By Devin Brewer “International cruise line seeks attractive and adventuresome hostess to greet passengers. Effects of Globalization on Human Resource Management by Sue-Lynn Carty - Updated September 26, The human resources management of any company is an integral party of its success.
The Key Elements of Globalization and Human Resource With the onset of globalization in the 21 st century, there have been some challenges that the human resource management has faced, especially in business organizations that operate as multinational corporations or as global enterprises.
Globalization can have far reaching implications for human resource management (HRM) and management practice in general.