Globalization is the
trend of growing interaction between people or industries on a global level
with the development of transportation and communication technology. In other
terms, if a corporation or entity extends its revenue or output outside
national borders, it is globalization.
Globalization means the processes that reduce barriers
among countries (Frenkel & Peetz, 1998)
According to Onday
(2016),through globalization, people are part of the global market through
competition from every region. Because of this, profits and non-profits
organation need diversity to be creative and open to change in order to
maintain global competitiveness
How HRM connect with Globalisation
Nowadays HR managers
don't not need to rely on a limited market to find the right employees that are
needed to fight with the global challenge, rather they can recruit the
employees from all around the world.Becouse of this HRM has became more efficient, effective and
simple .
The most significant
factor is that these organisations are made up of people, and as HRM is the set
of functions which dealing with people in any organisation, that transition has
greatly affected the management of human capital itself.
Furthermore ,Bamber (2004) stated
that best practices are not universal & adaptations required to use them
effectively. Customizing the HRM techniques is the responsibility of the
management body
Some of the
challenges that HR managers are facing in terms of globalization are,
Managing diversity of workforce
Managing pressures for more labor rights in
third world countries
Flexible working hours, more part-time and
flexible jobs
Productivity management and Quality management
References
Bamber,G.
Ryan,S, & Wailes,N. (2004). Globalization, employment relations and human
resources indicators in ten developed market economies
Onday,O.
(2016). Global Journal of Human Resource Management
Frenkel, S. J., and D. Peetz. (1998). Globalization
and Industrial Relations in East Asia: A Three-country Comparison, Industrial
Relations, 37(3):282-310.
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ReplyDeleteGlobalization has effected every area. Nicely summarized it with HRM.
ReplyDeleteGlobalization has effected every area. Nicely summarized it with HRM.
ReplyDeleteDiscussing about Globalization very difficult & connect it to HR is not easy. How ever you have find the details regarding to globalization & HR with good references. And also you have talk about challenges as well. But I think there has to be discuss positive & negative impacts as well.
ReplyDeleteYou have explained well about the Globalization linking with HRM. We can discuss globalization in broad level in every areas.You have linked It with HRM and clearly explained.
ReplyDeleteWhen companies expand abroad to countries with a lower standard of living, they pick up to get to items and services at a much lower fetched. Since of this, an expanding number of companies outsource. In spite of the fact that great for businesses, this will result in lower wages for employees
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.
ReplyDelete