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International HRM - Essay Example

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Running Head: International HRM International HRM Table of Contents Table of Contents 2 Introduction 3 What is Human Resource Management? 3 What is International Human Resource Management? 4 Functional Difference between HRM and IHRM 6 Benefits and Drawbacks of IHRM 7 IHRM in a Global Context 8 Impacts of IHRM on Relationships 9 Social Impact 10 Economic and Political Impact 11 Institutional Impact 12 Cultural Impact 12 Conclusion 14 References 15 Introduction The world and the entire human race today are experiencing a technological boom with a rapid increase in globalisation as well…
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International HRM
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Download file to see previous pages Therefore, in order to expand and grow, corporations are now emerging themselves into the global market. Within the organisations, the most importantly considered assets are its people. Where the organisation requires managing its operational activities, likewise the people within the organisation needs to come under supervision. The administration of the people is the sole responsibility of Human Resource Management department, thus, it has become significantly important for any organisation to have HRM in their organisation. What is Human Resource Management? Human Resource Management (HRM) is one of the departments that exclusively deals with and take care of the company’s assets known as ‘people’. The rising drifts in the international market and its situations have given a boost to Human Resource Management and raised its importance for the organisation and its owners. The history of HRM states that Personal Management was the term that came under use before the terminology Human Resource Management emerged. The emergence of HRM reveals the fact of the success of the organisations that was due to the behavioral change of employees for their contributions through their hard work (Jackson & Mathis, pp. 2-20, 2007). The principal functions of any Human Resource Management in a broad perspective focus on the recruitment of the people, administer them, and endow with guidance for the right path or track to them. Supporting and handling all the matters of concern of employees, such as “performance management and appraisals, compensation and benefits, training and development, hiring and firing of management level and junior level people, organisational development, employee motivation, and overall administration” (Jackson & Mathis, pp. 2-20, 2007) are the primary job functions of any HRM. HRM is not only administering the company’s employees, rather it also controls the culture of the enterprise and its internal atmosphere. HRM is a leading and motivational aspect that facilitates the employee to give their maximum output in an efficient and fruitful way so that the company can accomplish its mission and visions that helps growing its prosperity. With the passage of time, the role of HRM has extensively modified and increased and now it has shifted from the conventional role of administration of the employees to the added-value strategic approach and method that affects the business revenues in a reckonable way (Jackson & Mathis, pp. 2-20, 2007). What is International Human Resource Management? The globalisation and increasing global market trends and environment has given rise to the concept of Human Resource Management in an international context, which is International Human Resource Management (IHRM). IHRM focuses on the administration of the employees on a global basis in order to accomplish the goals, objectives mission and visions of the enterprise, in order to get an edge over the competitors present not only on local level but ...Download file to see next pagesRead More
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