Impact of Globalization on Human
Resource Management
What is Globalization….
It’s a process of integration
& interaction in between human , various types of companies , state of different kind of nations & the
process will be work out through information technology, international trade
& investment. It directly effects on cultural behaviors, environment,
economy, political systems on countries & physical fitness or well being on
human in nationals all over the world.
What is Globalization in HRM....
We can clearly identify , If an
organization extends their business operation to a foreign shore & the
effects of globalization on HR development & management procedures will
extend to both current workers & same to new employees . HR people have to
change their practices & thinking pattern accordingly to face cultural
differences , foreign regulations & information technology developments.
How ever HR dept. need to assist the current staff if they transfers to
overseas for new job positions.
Globalization & Human Resource challenges
·
Diversity
Recruitment
All kinds of
organizations are connecting with customers & stakeholders from various types of cultures , social
backgrounds & languages. So the organization should recognize the value of
having people on staff that their customers can relate to & to absorb the
range of ideas & influences within the organization.
·
Professional
Development
To create a win –
win situation professional development is very important to globalization. On
the other hand the organizations benefits from the added skills & the
employees take advantages of professional development programms.
·
Training
By focusing global market & diversified business units, the
employees within the organization should have a good training , knowledge about the
competitors & their customers.
·
Language
capabilities
Existing staff
should have to learn new language or else they have to hire foreign employee to
the staff. It will increase the cost of business.
·
Cultural
Difference
Within the
competition in the market , a diversified employees have capability to attract
& retain a huge & strong customer base with increasing the globalization.
Employees to be very familiar with & understand the other cultural background
to promote organizational diversity
When facing globalization we can identified
following strategic relevant to HR
·
Gathering more knowledge of various &
diverse cultures.
·
Developing compensation programs & identifying
local needs.
·
Studying & understanding the impact of labour
laws & other national regulations.
·
Creating a learning culture of different
management practices.
·
Building strategic developments to enhance
business volumes.
References :
The main impact of the globalization on HRM is huge competition for the talent. The HRM practices have to be optimized to retain the talented employees. There shouldn’t be a large gap between the best practice. With the merging of the economies development of universal HRM practices cannot be prevented. The global mega trends have to be entertained by the leadership for sustainable organization.
ReplyDeleteWith the technological revolution the firms are in a highly competitive business environment. Globalization make people get closer than they are beyond any geographical boundaries. So nowadays it has been really easy to handle the resources including human resources worldwide.
ReplyDeleteWell explained impact of globalization on HRM.
ReplyDeleteglobalization is the influence that competes for performance, quality and cost.and the globalization impact to the HRM functions to adapt to changing organizational needs and improvements.and also globalization impacted to the business expanding into other countries
ReplyDeleteAll the sectors have to face the globalization and adjust accordingly. It is same for HR as well. Nice points.
ReplyDeleteGlobalization represents the structural making of the world characterized by the free flow of technology and human resources across national boundaries as well as the spread of Information Technology and mass media presenting an ever-changing and competitive business environment.
ReplyDeleteWell explained impact of globalization on HRM. Good article.
ReplyDelete