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CFZ18 International Human Resource Management - Essay Example

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The inevitably growing competition within the world economy is leading business enterprises into adopting more and more market-oriented methods of human resource management. Regardless of the method that firms use to suit their competitive needs, there are factors like national…
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CFZ18 International Human Resource Management
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"CFZ18 International Human Resource Management"

Download file to see previous pages A good example is the Nanjing university school of business which offers Masters of Science in Human Resource Management. In its portfolio, the institution describes the MSc Human Resource Management program as a program aimed at raising high-caliber fellows in order to meet the growing competitive needs in the global business environment (Bas & Zhao, 2012).
Next, governments that decide to construct or re-construct states that function as per the rule of the law always lead to two contrasting movements. The first move constitutes nations involved in rebuilding their government institutions or building their government institutions from scratch. Examples of nations that have experienced this include Libya and South Sudan that have experienced internal conflicts and wars that have brought about state collapse (Natsios, 2012; LeRiche & Arnold, 2012). The second move constitutes of nations that have resorted to economic and political changes. A typical example of this measure is the action of the Eastern European nations to transform from a centrally planned economy to a market economy. In either case, a national government will only accept IHRM practices that are compliant with its bid to accomplish the restructuring endeavors.
Another way in which a government can affect the effectiveness of implementation of HRM policies and practices is through issuance of guidance on the wages that employees should be receiving and simplification of the steps involved in forming labor unions. For example, the move by the Bangladesh government to appoint the tripartite minimum wage board whose duty is to significantly raise the lowest pay rendered to factory workers (Eyraud & Saget, 2005). To this end, the cabinet has approved a host of amendments to the labor laws therein in order to improve benefits in addition to simplifying the process of ...Download file to see next pagesRead More
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International Human Resource Management
This trend requires strategic management considering numerous variables to be confronted within an unpredictable business climate. In such phenomenon of uncertainty, innovation is required (Beinhocker, 1997). As such, human resource management should be strategized with sensitivity to uncertain future, of variegated change processes, and of competition inherent to this type of business (Manning, 1998).
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