Global Human Resourses Management Essay Example | Topics and Well Written Essays - 1750 words

Global Human Resourses Management - Essay Example Thus considering both the costs and benefits of an organization, human resources are vital for the continued existence, performance and achievements of the enterprise (Brewster et al, 2011). With businesses going global, there are significant benefits associated with the economy of the world as a whole and the overall success of the companies. However, with respect to the management of human resources, it has been obtained that international businesses do pose certain challenges and difficulties (Dessler and Varkkey, 2009). The present study focuses on international business and its impact on human resources management trying to have an understanding on how the growth in international business affects HRM and how such challenges encountered by global HRM may be dealt with effectively. International Business and HRM: The need and importance of human resources management have been realized in both multinational companies as well as for small and medium sized enterprises. When business at an international level is considered, it can be realized that the HRM of the company is subject to the impact of â€Å"multi-country, regional and global change and dynamism than managers in a single-country operation† (Brewster et al, 2011). ... This includes learning about the laws, trade unions, labor market, and expectations of the country; Understand the impact of local cultural standards on the company’s natural ways of working and whether all of these can be utilized in other countries; Decide on whether to choose expatriates or local employees; Determine ways to deal with international moves if the company chose to send some employees out from their original base; and Determine ways to manage knowledge across geographical and cultural remoteness. It can thus be realized that the HRM plays a significant role in the selection of the right people for the right tasks to be accomplished at the right times, and hence they are encountered with highly essential responsibilities and challenges when a local company moves abroad for international business. Impact of the Growth of International Business on HRM: With the growth of international business, it is evident that the workforce of an organization comprises of emplo yees from different countries having different backgrounds and cultural knowledge and experiences. These employees can be expected to different sets of mind and skills and hence the management of such diverse workforce becomes a complicated responsibility for the HRM. It has been studied that in order to successfully achieve the goals of an organization in the international context, the working employees need to have interpersonal skills, influencing and negotiating skills, analytical and conceptual abilities, as well as strategic thinking capabilities. Moreover it is essential that the international workforce have greater knowledge on international business, international finance, international labor legislation, local labor