Application of Human Resource Management in Global Environment

[Name of the Instructor]

[Date of submission]

Table of Contents

Introduction1

Globalization and Human Resource Management2

General overview of working environment in Scandinavian countries3

Skills and qualifications required for overseas assignment, particularly in Scandinavian division3

International Staffing, Training and Development4

Communication skills5

Traits/Characteristics a hiring candidate must possess5

Political Conditions6

Willingness to move6

Technical Ability6

Cross cultural suitability7

Challenging issues and prospects of doing business abroad7

Development of new concepts and skills to manage people9

Adjustment10

Establishment of an effective human resource strategy10

Culture11

Promotion of a learning organization11

Design of Remuneration packages12

Conclusion12

References14

Application of Human Resource Management in Global Environment

Introduction

The world economy in present scenario is to great extent shaped by the globalization of businesses. The concept has its basis from late 1800s, but the present changes brought about by globalization are consider being more rapid, has wider scope and are also characterized with much greater business, social and economic impact. Globalization brings about a structural change in the world having characteristics of free flow of technology and human resources across national boundaries, thus presenting more competitive business environment. Each of the nations is marked with specific culture and the national culture has become an increasingly strategic issue as a result of globalization. The human resource managers at the time hiring people for the overseas assignment have to take extra care as the task can only be effectively performed if a right person is hired for a right position. Many aspects of HRM are influenced because of the difference in culture and require that the HRM team must prepare to balance the global trends in human resource management. The basic theme of this essay is to highlight the application of human resource management in global environment. A manager is to be hired for the Scandinavian division of company and the essay will bring to light the skills and qualifications that are considered to be essential for performing oversees assignment specifically in these countries. One important section of the essay deals with the details of the challenging issues and prospects of doing business abroad (that is in global environment). The scholarly sources are used in the essay to offer support to the provided details.

Globalization and Human Resource Management

Globalization is not only confined to conducting business across national boundaries but also have to deal with the expanded nature of competition presenting a challenge to the management to operate effectively and competitively in diverse cultural settings (Edwards & Rees, 2006). The global economy has stressed a point that the only competitive dimension which could provide lasting competitive advantage to an organization is the effective exploitation of human resources. Organizational success has been significantly related to the human resource factor.

Globalization does have an influence on the worldwide pattern of employment. It has made a great contribution to the outsourcing of workforce for international assignments that change the way in which a business operates (Drucker, 1998). As a result of the dictation of the business climate, globalization has also influenced the organizational structure of businesses (Garr, 2001). The reward system, migration and on job security also get ...