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Human Resources Management - HRM Issues – Global Scenario

MNCS - HRM Issues – Global Scenario

   Posted On :  13.06.2018 12:49 am

Globalization has given genesis to the Multinational Corporations (MNCs).

MNCS
 
Globalization has given genesis to the Multinational Corporations (MNCs). The MNCs are characterized by their cultural diversities, intensified competition, and variations in business practices. The bottom line is that the growing integration of the world economy into a single, huge market place is increasing the intensity of competition in a wide range of manufacturing and service industries. Given these conditions, from tapping the global labour force to formulating selection, training and compensation policies for expatriate employees are major challenges for HRM in the organizations or international organizations separately.
 
Organizational restructuring is used to make the organization competitive. From this point of view, mergers and acquisitions of firms have become common forms of restructuring to ensure organizational competitiveness. The mega mergers in the banking, telecommunications and petroleum companies have been visible in our country. Downsizing is yet another form of restructuring. As a part of the organizational changes, many organizations have “right sized” themselves by various ways like eliminating layers of managers, closing facilities, merging with other organizations, or out-placing workers. There is also a practice to flatten organizations by removing several layers of management and to improve productivity, quality and service while also reducing costs. Whatever is the form of restructuring, jobs are redesigned and people get affected. One of the challenges that HRM faces with organizational restructuring is dealing with human consequences of change.
 
HRM activities are widening. Particularly the world scenario of globalization along with modern technological explosion and fastness of information technology have made lot of change both in selection and needed skill of personnel.
 
HRM has to give coaching. Coaching need not be construed as training. Coaching is needed to employees to deal with and to adjust the culture and requirements of people of different countries. Mentoring is standing a model organization should develop leadership qualities, tolerance and adjustment to cross-country cultures.   
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