International HR Management - Essay Example

International human resource management builds on the tenets of human resource management by having a consideration on what the human resource concepts mean in different nations of the world. This has been necessitated by the fact that as companies and organizations become international in nature, the issues touching on national culture, institutions and systems can hinder a seamless or functioning human resource and employment relations that are present across the national boundaries (Edwards and Rees 2006, p.45). Therefore, it can be stated that the need for people involved in human resource management to adopt an increasingly international approach cannot be gainsaid.

This is important not just to people involved in the big multinational enterprises but also to those running small and medium-sized enterprises that are present across national boundaries. . India In 2009, India had the second largest population in the world with a population of 1.2 billion and it is the tenth largest economy world-wide in terms of the Gross Development Product (GDP) with the fourth largest purchasing power parity (Kohli and Singh 2013, p. 189). According to the International Monetary Fund (IMF), India is ranked at number 141 in terms of per-capita- revenue basis based on the GDP and 130 in purchasing power parity in the year 2012.

Being the third largest economy in the world when measured in terms of the purchasing power parity, India is a preferred destination for foreign direct investment (FDI) attracting inflows of U.S. $ 36.5 billion in the year 2011 alone. Soon after independence in 1947, India’s economy was based on both features of capitalism and socialism that entailed interventionist policies and other policies aimed at substituting imports that was to blame for the corruption and failure in the implementation of the policies.

However, from 1991 India’s economy has been based on liberal and free-market economy policies that have led to the increases in per-capita incomes of India. It is important to note that the taker-off of the economy of India has been largely due to the infrastructural projects taken by successive regimes since 1991. The labour force in India is made of about 500 million people employed in the major industries such as agriculture made up of 52%, industries taking up 14% and services made up of 34% of those employed according to the estimates in 2009.

Most Indians are employed in the major industries mainly in textiles, chemicals, food processing, cement, mining and petroleum while