Globalisation And Hr
...who not only foresees challenges he faces today but who can envisage them for tomorrow and know solutions to combat them. The world today is changing frighteningly fast and organizations which are going to survive and prosper are those which have a Human Resources Management (HRM) that understands better and thinks ahead of their rivals and get ahead of the competitive wave rather than getting drowned by it. But an organization can only be as good as its people—it takes the best people, often from many walks of life, working as a motivated team, to produce world-class products or services.
With so much diversities found in varied cultures, the job of Human Resource Management is like “dipping into a worldwide labor pool”. The effectiveness of diversity-based management enables organizations to harness the talent of its people.
HR managers have been proving consistently that their contribution to the international business development process is equally valuable to those of finance and marketing executives. The HR industry is going through revolution where HR managers are being assured their “place at the table”.
The contributions summarized and commented upon here are an attempt to explain how this can be achieved with Input-Throughput –Output model through HRM concepts such as cross-national comparisons, human capital, globalization, people-management, globalization v/s localization, performance management, prevention of frauds, employee engagement all of which are vital to be a global leader. Today mergers and acquisitions have become commonality and HR has been the primary guiding force for its success. Outsourcing is the latest buzzword in HR to reduce costs. Virtual corporations, strategic HRM and organizational development have been riding high owing to globalization.
Index
1. Introduction 4
2. Role of HR 4
3. Key...
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