Efective HRM strategies must be well integrated both horizontally and vertically. This study aims at exploring the role of HR in the multinational context. The study will examine the changing role in HRM to identify the challenges faced in HRM as well as organizational behaviour. …
Download full paperFile format: .doc, available for editing
Download file to see previous pages
M: has been used to refer to human resource management and in other contexts to refer to human resource managers IHRM: refers to international human resource management ISHRM: refers to international strategic human resource management MNCs: refers to multinational corporations HR role in driving effectiveness in the company Alignment of HRM strategy in MNCs is of important when it comes to strategic implementation (Chew & Horwitz 2004, p. 33). This is the alignment of HHRM systems and policies with the organizational goals and policies in order to achieve the established operational goal and competitive strategy of the firm. HRM system must be deemed as a source of the firm’s competitive advantage in any multination for it to be successful (Sparrow et al 1994, p. 268). IHR function constitutes of corporate HRM group managing the various roles and practices of personnel management. This HRM group has about 500 level managers who carry out the global service program. In line with the company’s philosophy, the HRM group manages the various subsidiaries in line with the markets they operate in, for instance, the company applies varying HR standards in different market operations. Salary standards are applied differently in different market and the aim is to ensure that their salary scale remains competitive in the markets. Multinationals like Coca Cola staffs its operations from the local personnel and only engages expatriates where the system demands. According to Caligiuri et al (2010, p. 3), successful MNC companies manage their global staff in ways that match their strategic needs as well as the demands of their markets. Global market offers different external environments and varying skills and capabilities in the global labour market HR plays a critically...
As the report stresses business today is no longer limited to the countries’ national boundaries. Large multinationals do significant percentage of their business activities outside their home market and country; this has resulted from continued establishment and strengthening of business in the overseas by multinationals. Competitiveness in these corporations has largely been determined by their effectiveness in the international market, this is in turn determined by effectiveness of global managers particularly the international human resource managers who can function effectively in the international business activities. IHR practices are critically important in determining the effectiveness of multinationals.
According to the research findings HRM system must be deemed as a source of the firm’s competitive advantage in any multination for it to be successful. IHR function constitutes of corporate HRM group managing the various roles and practices of personnel management. Salary standards are applied differently in different market and the aim is to ensure that their salary scale remains competitive in the markets. Multinationals like Coca Cola staffs its operations from the local personnel and only engages expatriates where the system demands. IHRM policies and practices play important role in strengthening interunit linkages in various ways including staffing policies, comprehensive planning of human resource, compensation policies, performance appraisals, and development and training of staff.
...Download file to see next pagesRead More
Cite this document
(“HRM in the Multinational Context Essay Example | Topics and Well Written Essays - 3000 words”, n.d.)
Retrieved from https://studentshare.org/management/1444661-as-hr-specialist-in-a-multinational-company-what
(HRM in the Multinational Context Essay Example | Topics and Well Written Essays - 3000 Words)
“HRM in the Multinational Context Essay Example | Topics and Well Written Essays - 3000 Words”, n.d. https://studentshare.org/management/1444661-as-hr-specialist-in-a-multinational-company-what.
This study endeavors to explore the challenges the human resource management or HRM faced. These challenges include strategic integration (i.e., vertical and horizontal integration), internal, and external pressures. The strategic integration focus on the features of each integration as well as the existing links between the HRM unit, corporate management, and other business units.
Human Resource (HR) department has been viewed as an administration constituent of an organisation for many years and the employees of this department were considered to be the individuals who impose the practices appropriate for the entire staff of the organisation (Lengnick-Hall et al., 2009).
The study leads to the conclusion that there must be a proper planning phase before adapting the HR strategies and all the top hierarchal leadership must be taken on board. If the hiring decision is to be made then it must be made sure that the company’s requirements are being set as the main and primary goal to achieve.
The European countries view the multinationals as the source of ‘European integration’. Increasing Mergers and acquisitions, with ongoing joint ventures have increased ‘multinational penetration’ and integrate the productions of the different member states.
6 Is there a model of East Asian employment relations? 8 Employment relations in Japan 9 Employment relations in China 10 Specific issues of International HRM for MNCs operating across borders 10 Role of ILO in improving international employment standards 11 Is ILO more effective than national governments and NGOs?
Conclusion 9 References 10 Appendix 12 Executive Summary The success of organizational practices is usually related to their effects on the organizational performance. However, the content of these practices cannot be ignored even if their contribution in business growth is important.
anagement 14 Attendance 15 Disciplinary Action 15 Conclusion 16 References 17 Introduction Human resource (HR) management is one of the major management functions in an organisation. Without the proper management and implementation of HR process, it becomes impossible for a company to sustain and survive.
Porter’s Five Forces The five forces that affect the industry are the existing competition, the threat from new entrants, barriers to entry or exist, the bargaining power of the buyers and the suppliers. This section analyses these forces. Poor demand in the markets for furniture due to the global slowdown for the last 12 months would have an effect on the sales of the company.
The system emphasizes the protection of the workers’ rights where they are given full statutory right to representation though this was criticized by some activists and academics for suppressing industrial
ging their diverse workforces because they operate within different contextual factors unique to the different cultural backgrounds in different countries. Transfer of best HR practices to host countries is often problematic due to the varying environmental factors between host
12 Pages(3000 words)Assignment
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"HRM in the Multinational Context"
with a personal 20% discount.