How Is Globalization affecting HRM?

nged the business environment throughout the world drastically. Now a business firm does not need to rely in a single or a few limited markets, but it can go global in search of the customers who are demanding the products it want to sell. In addition a company can establish its factory anywhere around the world where the raw materials or any other resources will be the cheapest. But the brighter part does not cover the whole picture there is a darker side too. Will it be easy for small local producer to compete the huge multinational giants? No it won't. The globalization of markets and manufacturing has vastly increased the competition in the international market. Throughout the world, the forms who formerly competed with local firms will have to compete globally with large multinational organizations and this has made management and operation of these firms much more complex and difficult.
             What is the most important factor that these organizations are made up of? People, and since HRM is the set of activities which deals with the people factor present in any organization, this change has affected The Human Resources Management itself a lot. Human resources manager of today must ensure that the appropriate mix of employees in terms of knowledge, skills and cultural adaptability is available to handle the global assignments. This has made HRM a more complex and challenging job while compared with the case before globalization had became such a popular and necessary factor There is no doubt this role will keep on changing and it is absolutely sure that it will be more challenging and dynamic in the years to come.
             There is no doubt that globalization has made the business world of today a complex one, this fact has also changed how a business organization of the twenty- first should be managed. Since people are the most important factors that form any organization, the change in its environment has affected the set of activities...

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How Is Globalization affecting HRM?. (1969, December 31). In MegaEssays.com. Retrieved 07:56, March 29, 2024, from https://www.megaessays.com/viewpaper/79941.html