Managing Global Human Resources - 2493 Words

MANAGING GLOBAL HUMAN RESOURCES The environment in which business competes is rapidly becoming globalized. More and more companies are entering international markets by exporting their products overseas, building plants in other countries, and entering into alliances with foreign companies. Global competition is driving changes in organizations throughout the world. Companies are attempting to gain a competitive advantage, which can be provided by international expansion. Deciding whether to enter foreign markets and whether to develop plants or other facilities in other countries is no simple matter and many human resource issues surface. (Noe, Hollenbeck, Gerhart, and Wright; 534) Doing business globally requires that adaptations†¦show more content†¦National companies do not become global companies immediately. Involvement in international HRM depends greatly on a company s phase of globalization. Import-export firms. Firms in the first phase of globalization simply move products across national boundaries. The firm does not employ people in other countries, except a few managers responsible for negotiating business agreements. These agreements usually involve buying or selling complete products or services. Import-export firms need to understand their trading partners cultures and usually must overcome communication barriers to negotiate agreements. Negotiations are usually done by expatriate representatives, but expatriates are not employed as extensively by import-export firms as by multinational enterprises. HR policies and practices remain relatively unchanged from the company s traditional home-base practices. (HR Magazine,06-01-1995) Multinational enterprises (MNEs). Firms in the second phase of globalization have strategic corporate units located in foreign countries. Part of the firm s goods or services may be produced in one country, then possibly moved to another country for additional assembly, and ultimately distributed to other countries where they are sold by employees of the firm. MNEs typically make extensive use of expatriate managers who are sent from headquarters to oversee foreign operations. ExpatriateShow MoreRelated Managing Global Human Resources Essay2450 Words   |  10 Pagesbuilding plants in other countries, and entering into alliances with foreign companies. Global competition is driving changes in organizations throughout the world. Companies are attempting to gain a competitive advantage, which can be provided by international expansion. Deciding whether to enter foreign markets and whether to develop plants or other facilities in other countries is no simple matter and many human resou rce issues surface. (Noe, Hollenbeck, Gerhart, and Wright; 534) Doing business globallyRead MoreManaging The Global Workforce Final 1. As A Human Resource3674 Words   |  15 PagesManaging the Global Workforce Final 1 As a Human Resource Director, it is my duty to launch a performance management system. There are many different systems that would benefit this 5-year-old company but the one most beneficial has to be put in place. All factors have to be addressed when deciding on the system. The age of the company which is 5 years old. This is significant because the same performance management tool that a 50-year-old company would use may not be valuable to this company. AnotherRead MoreHuman Resource Management in the Global Environment984 Words   |  4 PagesHuman Resources Management in the Global Environment 1 Human Resources Management in the Global Environment Today’s job market is rapidly becoming globalized and more companies are entering into international markets in a variety of ways. 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There is a clear need to develop an understanding of how to compete successfully on the global playing field.Read MoreInternational Human Resource Management: More than Just Expatriate Management1246 Words   |  5 Pagesthink that International Human Resource Management (IHRM) is synonymous with expatriate management. However, IHRM covers more than just the management of expatriates. According to Laurent (1986, pp. 91-93), IHRM is a set of activities aimed managing organisational human resources at international level to achieve organisational goals and achieve competitive advantage over competitors at national and international level. IHRM includes typical HRM functions such as human resource planning, recruitmentRead MoreThe Global Economy Has Changed The Way The Corporations Do Business Today1622 Words   |  7 PagesLeadership in a globalizing world. The global economy has changed the way the corporations do business today. 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Diversity is the condition of having or being composed of differing elements : VARIETY; especially :Read MoreHow Globalization Effects Hrm Essay1733 Words   |  7 PagesHow Globalization effects HRM The term Globalization has invaded the mind of every successful businessman and the concept of Global Village is a common issue in the modern business world. What really the globalization is? The answer seems simple if a firm or an organization expands its sales or production beyond the national boundaries, then it is globalization, but it does not cover the real meaning of the term. Globalization actually means more, much more than that; it is realizing that thereRead MoreHuman Resource Department And The Human Resources Department1629 Words   |  7 PagesThe Human Resource Department is one of the essential divisions in an organization with a complete structure. Its function involves maximizing employee performance, improving the company policies, enhancing the skills of the employees through training, established system in the organization, managing people, give rewards and privileges, planning, implementing and a lot more. Why there is a need of this department? This is because people are the biggest asset of a company that no one can ever replicateRead MoreGlobal Financial Management690 Words   |  3 Pagesï » ¿ Global Financial Management In todays increasingly internationalized worldwide economic system, defined by the expansion of multinational corporate conglomerates into foreign shores, the necessity for effective and efficient global financial management has never been greater. Whereas autonomous countries once maintained clear authority over businesses which were built on their shores, through levying taxes, enforcing fiscal regulations, and instituting a lawful system of commerce, today the most