HOW GLOBALIZATION HAS AFFECTED HRM

Prepared By:-

Tamanna

WHAT IS GLOBALIZATION?

• Process of interaction and integration among the people, companies, and governments of different nations,

• a process driven by international trade and investment and aided by information technology.

HRM

• The effective use of people to achieve both individual and organizational goals .

• People dimension in management . • Policies and practices you need to

carry out the people or human aspects of a management position .

HRM-CHALLENGES IN GLOBAL MARAKETS

• Culture • Economic System• Political System-the legal framework

and • Human capital

• Dealing with the “big boys”, the fund managers

• Concerns over possibility of fraud in E-commerce

• Implementing prescriptions for recovery and growth taking in to consideration the development agenda and unique circumstances of individual country.

STRATEGIC HRM

• HRM should be fully integrated with the strategy and the strategic needs of the firm

• HR policies should cohere both across policy areas and across hierarchies;

• HR practices should be adjusted, accepted, and used by line managers and employees as part of their everyday work.

IMPLICATIONS OF HRM PRACTICES

• internal career opportunity • formal training systems • appraisal measures • profit sharing • employment security • voice mechanisms • job analysis

THANK YOU