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Human Resource Management (HRM)
Human Resource Management (HRM)
People are the most valued asset of the organizations, who contribute individually or collectively to achieve the organizational goals. The strategic and coherent approach of managing people is defined as HRM (Armstrong, 2014).
Globalization
Al-Rodhan (2006) defines “Globalization as a process that encompasses the causes and consequences of transnational and transcultural integration of human and non-human activities.”
Globalization and HRM
In the current era customers are having high expectations for quality, performance and cost. Globalization influences organizations to compete in attracting and retaining the customers. At the same time, it exerts pressure on HRM function to adopt to changing organizational needs and add greater value (Freidman, 2007).
Global
HRM Issues
The
global HRM challenges include globalization and immigration, skills shortage,
talent management, shifting demographics and it’s impact on diversity and
labour availability, increasing healthcare cost, work life balance,
managing inter-generational and inter-cultural work groups, Influence of new
technologies and greater reliance on metrics to asses human capital and the
effectiveness of human resource departments.
Effects of Globalization on HRM
1. Diversity Recruitment
– Recruitment is done from diverse
backgrounds, since they are interacting with customers and stakeholders from
diverse cultures, languages and social backgrounds.
2. Professional Development and Training
– Since professional development creates a win- win situation for both the
employees and organizations most organizations encourage the employee to be
qualified in the relevant field through degrees and various professional studies.
Training focuses on professional competencies of groups of employees within the
organization.
3. Management of Laws -
Organizations should understand and act according to operating laws of each
country. Each country sets a number of labour laws that business must comply
with.
Global Example
At HSBC
to conquer full commitment from employees they use different HRM policies and
practice. Conversely organizations need to be conscious of cultural diversity
of people as it has circulated branch network among number of countries with
different culture backgrounds. Hence their practices are supposed to be
different from region to region.
References
Armstrong, M., 2014. Armstrong's Hand of Human Resource Management
Practice. 13th ed. Philadelphia: Kogan Page.
Al-Rodhan, R. F., 2006. Definitions of
Globalization: A Comprehensive Overview and a Proposed Definition.. [Online]
Available at: http://hr.fas.harvard.edu/files/fas-hr/files/recruiting_for_diversity.pdf Accessed on 19th June 2018.
[Accessed 19 June 2018].
Available at: http://hr.fas.harvard.edu/files/fas-hr/files/recruiting_for_diversity.pdf Accessed on 19th June 2018.
[Accessed 19 June 2018].
Freidman, B. A., n.d. Globalization Implications
for Human Resource Management Roles. [Online]
Available at: https://www.academia.edu/7650842/Globalization_Implications_for_Human_Resource_Management_Roles
[Accessed 19 June 2018].
Available at: https://www.academia.edu/7650842/Globalization_Implications_for_Human_Resource_Management_Roles
[Accessed 19 June 2018].
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You have started highlighting the issues in HRM. Hope to see detail of each issues in your future blogs. Good start.
ReplyDeleteSmall suggestion to include some relevant figures in order reader to understand easily. You have referred considerable references. Good start. Good Luck!
ReplyDeleteThanks Upul
ReplyDeleteI THINK , WELL-MANAGED FROM THE IDEA POINT OF VIEW
ReplyDeleteThanks Nishantha
ReplyDeleteGood start, but i think better to include some details in the next reports.
ReplyDeleteThanks sachie
ReplyDeleteGood start. Further if u can explain the HSBC recruitment policy that would be great
ReplyDeleteGood start Siva, Precise writing and reference, some relevant figures or diagrams would have given more colours to your blog.
ReplyDeleteThanks chris
ReplyDeleteGood write well structure essay but will not accept any of the references other than Armstrong. Therefore need two more references intext citation and Harvard Style Referencing please and at least two examples
ReplyDeleteAll of below is not acceptable
https://www.ukessays.com/essays/business/the-issues-of-global-human-resource-management-business-essay.php accessed on 16th April 2018 at 9.30pm
https://www.igi-global.com/chapter/global-issues-human-resource-management/41299 accessed on 16th April 2018 at 9.45pm.
https://link.springer.com/article/10.1007/s10672-007-9043-1 accessed on 16th April 2018 at 8.01pm.
http://smallbusiness.chron.com/effects-globalization-human-resources-management-61611.html accessed on 16th April 2018 at 8.30pm.
https://www.slideshare.net/sanjailalgs7/hsbc-30457767 accessed on 16th April 2018 at 10.10pm.
Thanks Dr.Jaldeen for your valuable comments. I Will follow your guidance.
ReplyDeleteDear Dr.Jaldeen,
ReplyDeleteAs instructed I have updated new references
Hi,
ReplyDeleteI Will follow your guidance.
Thanks
Overseas Recruitment Agency in Mumbai