INFLUENCE OF GLOBALIZATION IN HUMAN RESOURCE MANAGEMENT

 

INFLUENCE OF GLOBALIZATION IN HUMAN RESOURCE MANAGEMENT

 



 

Globalization has brought about significant improvements in operating an organization and how the organization manage their human resources. Human Resource Management (HRM) practices are affected by globalization in various ways and has resulted the need to adapt their policies and procedures to fulfil the needs of a diverse of workforce with different laws and regulations for organizations depending on different organizational structures.

 







1.       Cultural Diversity

One of the significant influences of globalization on HRM is the cultural diversity. Globalization has led to an increase in cultural diversity in the organization. This has affected HRM practices to adapt to fulfil the needs of their workforce. This includes implementing policies to promote diversity, as well as training programs to enhance cross-cultural communication skills and lifestyles. In today's globalized world, companies have workforce from different cultural backgrounds, and this diversity has become an asset. A diverse workforce brings a range of viewpoints and experiences, which can help organizations to innovate, solve problems, and create new products and services that meet the needs of a global customer base.

 

2.      Talent Management

Globalization has created new opportunities for talent acquisition. This helps organizations to access to a larger pool of candidates from different parts of the world. HRM through effective recruitment strategies. Since the competition for talented workforce is very higher, the organizations must attract and keep the best employees to achieve success. In addition to recruitment, HRM practices must also focus on employee retaining strategies by providing opportunities for career advancement, offering competitive rewards and benefits packages, and creating a healthy work environment.

 

3.      Training & Development

With globalization, employees are increasingly required to work in cross-cultural teams. Therefore, HRM strategies must provide suitable training and development opportunities to facilitate this. This includes developing cross-cultural training programs to enhance employees' ability to work effectively in diverse teams. Training and development also play a critical role in employee retention by providing employees with opportunities for career advancement and skill development. Therefore, organizations must invest in training and development programs that fulfil the needs of a diverse workforce and support the strategic objectives of the organization.

 




In conclusion, HRM must adapt to the globalization strategies to fulfil the needs of a diverse workforce. HRM practices must also consider about cultural diversity, talent management, training and development and many other to attract and retain top talent in today's globalized world.

 






References

1.      

https://smallbusiness.chron.com/effects-globalization-human-resources-management-61611.html

2.      

https://studyonline.port.ac.uk/blog/what-is-the-impact-of-globalisation-on-human-resource-management

3.   

https://www.usemultiplier.com/blog/globalization-in-human-resource-management#:~:text=Expatriation,%2C%20retaining%2C%20and%20motivating%20expats.

 

 

 



Comments

  1. Tharanga Jayasundara18 April 2023 at 00:07

    There has been a positive impact on this topic for an organization, and this feature of globalization has also had an impact on HRM in the modern business environment. HR managers no longer have to rely on a narrow, constrained market to obtain the qualified workers they need to tackle the globe's challenges; instead, they can hire people from all over the world.

    Well Done !

    ReplyDelete
  2. Gayantha Costa19 April 2023 at 00:36

    Globalization has led to a more interconnected world, with businesses expanding their operations across borders. This has had a significant impact on HRM, requiring it to adapt to the challenges posed by operating in a globalized environment. The relationship between globalization and HRM can be seen in the need to attract and manage talent from diverse backgrounds, comply with different labour laws and regulations, and develop a global perspective on human resource strategy. Good work!

    ReplyDelete
  3. Iresha Udari19 April 2023 at 09:05

    Yes, globalization has impacted HRM by increasing the need for cross- cultural understanding and management diversity and HR professionals to adapt to new employment laws and regulations. Good article.

    ReplyDelete
  4. Dhanushka Jayanath 19 April 2023 at 10:45

    Yes, retaining top talent globalization is a key point, An interesting article and you have provided the required materials, well done brother.

    ReplyDelete
  5. Tharanga Wanigasundara20 April 2023 at 02:05

    Globalization has had a significant impact on HRM practices. HR managers must adapt their strategies to attract and retain global talent, provide cross-cultural training, develop competitive compensation and benefits packages, foster diversity and inclusion, and manage legal and regulatory compliance. Well done.

    ReplyDelete
  6. Tharanga Wanigasundara20 April 2023 at 02:05

    This comment has been removed by the author.

    ReplyDelete
  7. W.J. Chrishan Fernando.20 April 2023 at 08:26

    This article highlights the positive impacts of globalization on human resource management practices, specifically the benefits of cultural diversity, talent acquisition, and training and development. It emphasizes the need for organizations to adapt their HRM policies and procedures to cater to the needs of a diverse workforce. The article provides useful insights for organizations seeking to maximize the benefits of globalization and build a strong HRM strategy. Well done..!!

    ReplyDelete
  8. Asanka Devagiri22 April 2023 at 04:39

    Agree with you Arjuna ! This feature of globalization has also had an impact on HRM in today's business sector. HR managers no longer have to rely on a small, constrained market to find the suitable people to meet the global challenge; instead, they may recruit employees from all over the world.

    ReplyDelete
  9. Saraj Kahingala22 April 2023 at 06:31

    Good article , Arjuna. Well done.
    The HRM in the modern business world has also been impacted by this feature of globalization. HR managers no longer have to rely on a narrow, constrained market to obtain the qualified workers they need to tackle the globe's challenges; instead, they can hire people from all over the world.

    ReplyDelete

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