Globalization mainly impact on A. Industries B. EmployersC. employees

GLOBALIZATION AND CHANGING FACE OF HRM

Democratization and pressure for more labor rights in country where such right has been restrictedMore liberalization and deregulationCompetition for investmentIncrease economic independence of nationIncrease capital,information,technology flow

Internationalization of enterprises and creation of mergers and alliancesCustomer driven not product drivenCompetitiveness increasingly based on knowledge ,inovation,skills andproductivitySuccess of global company is to alarge extent depend on their ability to organise across national boundaries information,money,people and other resource

EMPLOYER RESPONSE TO GLOBALIZATION

Moving production overseas to reduce cost and facilitate operation Contracting out and out sourcingIt is important on one hand company concentrate on its competencies other hand service become more productive

More part time and temporary work especially among women and studentGreater employee involvement in design and execution of workShifting the focus of collective bargaining from nation level to enterprise levelPushing for more deregulation and flexible marketEmployer have reduced employment through concession bargaining when firm have been in financial difficulties

Increase in a) Involvement of workerb) Execution and control of workc) Greatly focus on work place relation and

policiesd) Motivatione) Performancef) Information sharing and two way

communicationg) More investment in skills and training

Increasing in number of people who will not working in organization though they will work for organization ex outsourcingDecreasing number of people working under permanent contract and proliferation of other type of work arrangement such as part time temporary homework and contract workThus traditional HRMhas been challengedDue to that deferent type of employment contract and pay system to reward performance and skills