Globalization refers to the increasing interconnectedness and interdependence of the world's economies, cultures, and populations, driven by advances in communication, transportation, and technology. It has had a significant impact on human resource development (HRD) in several ways.
First, globalization has led to the expansion of multinational corporations and the creation of a global job market. This has increased the mobility of workers and made it easier for individuals to seek employment opportunities abroad. It has also increased the competition for skilled labor and led to the need for continuous learning and development to stay competitive in the global job market. HRD programs and initiatives, such as training, education, and professional development, have become increasingly important for workers to acquire the skills and knowledge necessary to succeed in this global environment.
Second, globalization has led to an increase in cultural diversity in the workplace. As companies expand into new markets and countries, they often hire a diverse workforce with different cultural backgrounds and experiences. This can create challenges for HRD professionals, who must find ways to effectively manage and develop a diverse workforce. HRD initiatives such as cultural sensitivity training and diversity and inclusion programs can help to ensure that all employees feel valued and supported in the workplace.
Third, globalization has had an impact on the nature of work itself. The advancement of technology and the increasing use of outsourcing and offshoring have led to changes in the structure and organization of work. For example, the rise of telecommuting and remote work has made it possible for individuals to work from anywhere in the world. HRD professionals must be prepared to adapt to these changes and help workers develop the skills and knowledge necessary to thrive in a global, technology-driven economy.
In conclusion, globalization has had a significant impact on human resource development. It has expanded the global job market, increased cultural diversity in the workplace, and changed the nature of work itself. HRD professionals must be prepared to meet the challenges and opportunities presented by globalization in order to effectively develop and manage the workforce in this rapidly changing global environment.
Impact of globalization on human resource management pdf
In this case, the willingness of workers to become mobile could be a key factor to productivity. The recruitment, training, motivation and retention of expats call for an exclusive human resource strategy. International Journal of Business Studies, 18 1 , 101 … The Effects of Globalization in the Workplace What Are the Five Main Functions of Global Human Resource Management? It has led to homogenization and convergence in organization strategies, structures and processes as well as in consumer choice. If one country is closing its office, the other may be just opening or in full swing Also Read : Expatriation Preparing home country employees to work in a different country or vice-a-versa is quite challenging. First, the downward pressures on the cost of high-skilled labour is breaking the link between the investment in education and training and higher levels of income. Following are some of the measures adopted by the organizations: Flexi-Hours: Internationalization of the banking industry has given entrance to people from varying geographical locations and mixed gender with also dominance of women in the workforce.
The effects of Globalization on Human Resources Management
However, the homogeneity that results from globalization has had a major effect in developing countries because of brain drain. Personnel actions linked to corporate strategy: In the banking industry where banks are operating in the global market place interacting with international customers, dealing in global financial instruments and providing services to its customers irrespective of their geographical location, need to understand the fact that its valuable customers are closely in contact with the employees for their ease and convenience Joseph, McClure, and Joseph, 1999. The Digital Era supports the process of Globalization to make it easier to accomplish, which makes it all easy to communicate with anyone and anytime, accessing data and information easily and quickly wherever we are especially supported by the tools of modern softwares and hardwares. Incorporating Global HR Process Furthermore, with globalization, the focus has also shifted on building a diverse and differentiated workforce which involves investing more in strategy rather than people. The paper will be revised until you are satisfied.
Effects of Globalization on Human Resources Management
Controlling and measuring employee performance: If employees are provided with real time feedback, it is more likely that their efficiency will increase and will improve to a considerable extend for future performance. Performance Management More often than not, a greater percentage of the workforce ends up being unhappy after the appraisal process is over. Order custom essay Impact of Globalization on Development with free plagiarism report Free trade offers several benefits to countries, especially those in the developing stage. In other words, the various aspects of globalization mentioned above are supportive of global business and thus, they are supportive of firms operating in the global market. Those are just a tip of the iceberg.
Globalization on human resource management
The impact of globalization and the challenges arising from the performance evaluation of the education system, the first national conference on the globalization of education, Tehran University. This section summarizes the chapters in this topic and outlines the consequences of global change for human resource development including the benefits of progress for global and sustainable development. Instead of conducting yearly evaluation, shift the focus to continuous and constructive feedback. He is the founder of the Centre for Labour Market Studies at the University of Leicester and an international researcher in the field of workplace learning, high performance work organisations, the analysis of national systems of workforce development and training, and the skill strategies of global corporations. There are several advantages to developing countries that participate in free trade. Thus the concept of globalization is controversial to some extent but nevertheless it has transformed the way business operations are conducted specifically in the area of managing people and taking care for their growth and development under the domain of human resource management Lansbury, Kitay, and Wailes, 2003. Widening Disparity in Incomes While an influx of foreign companies and foreign capital creates a reduction in overall unemployment and poverty, it can also increase the wage gap between those who are educated and those who are not.
