Challenges of Globalization and while managing resources in IHRM.
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International human Resources management The document discusses the challenges of managing human resources internationally in the context of globalization. It begins with defining key terms like globalization and international human resources management. It then discusses some of the specific challenges of IHRM like diversity recruitment, the need for professional development and training, developing language capabilities, and managing cultural differences that arise from operating across borders. The conclusion states that while globalization presents opportunities, governments must implement policies to ensure it benefits rather than harms domestic industries.
Challenges of Globalization and while managing resources in IHRM.
- 1. International human Resources management Presented by, Harshitha.M 2nd M.com GFGCFW Holenarasipura Under the guidance of Sundar B. N. Asst. Prof. & Course Co-ordinator GFGCW, PG Studies in Commerce Holenarasipura
- 2. Challenges of Globalization and while managing resources in IHRM. • Introduction • Meaning • Definition • Globalisation in india • Challenges of Globalization amanaginging resources in IHRM. Topic:-
- 4. Now a days almost everyone is aware of the process of globalisation. It is a world wide process that includes the exchange of things, and human beings. Introduction:-
- 5. Meaning of Globalisation • The word globalization has been derived from the word globalize. Which means the emergence of an international network system of economy. It simply means the act of being globalized.
- 6. Definition of Globalization • Globalisation can be defined as the process of give and take where an exchange of technologies, information, goods, etc. Takes place across the entire world. Simply we can say that globalisation is a world trade organization.
- 8. Globalization in India In India, Globalization took place during the reign of the honorable Finance minister Dr. Manmohan Singh in the 1990s.It was a golden era for India, during this time india slowly and gradually became one of the most prominent economic countries in the world. We cannot doubt the fact that India is one of the fastest- growing economiesin the world.
- 10. Challenges of Globalization • 1.Core economic meaning: The increased openess of economies to international trade, financial flows, and foreign direct investment. 2.Concerns with Globalization centre around the uneveness of the process and risk. 3. Globalization provides opportunitiesfor business to invest inforeign markets and to gain access to new capital. 4. Increases in cross boardertrade,Investment and migration. 5. Opened economies domestically and internationally. 6. Technology has been principles driver of Globalisation.
- 11. Challenges managing resources 1. Diversity recruitment 2. Push for Professional development 3. Creater emphasision Training 4. Workplace flexibility 5. Language capabilities 6. Global business 7. Cultural differences
- 12. 1.Companies of sizes are now interacting with Customers and stakeholders from diverse culture language and Social background.
- 13. Push for professional development • Professional development is concerned with Providing Employees Opportunities to Achieve career related Goals. • Professional development Is important to Globalization because it’s creats a Win-win situation.
- 14. Creater emphasison training • Tends to be focused on needs an professional compitencies of groups of employees With in the organisation.
- 15. Workplace flexibility • “Virtual office” is characterised by creative and flexible work arrangements. • There will be increase of emphasis on performance and results as opposed to the number of hours worked.
- 16. Language capabilities • In order recruit employees from other cultures, HR manager all either have to learn new language or else they will certainly have foreign speakers on staff
- 17. Global business • Concept world trade knew a major growth during the last years. • They will be required to develop and manage an international workforce.
- 18. Cultural differences • Organization must take in to account cultural differences that shape managerial attitudes, when developing multinational management programs.
- 19. Conclusion • The effects of Globalization on HR environment are proved to be positive as well as negative. The government of India must try to make such economic policies with regard to indian industry’s Globalization that are beneficial and not harmful