Globalization and HRM Strategies

Globalization and HRM Strategies

Introduction to the Organization

Barclay's bank is the bank situated in UK serving all around the world as a global bank. Barclays offers its customers an extensive variety of financial services in more than 56 countries. The bank also provides retail banking to its customers and business clients. The financial services include current accounts, savings accounts and general insurances to its customer base. The communication designs of Barclays in UK are one of the best designs to cater customer services and customers.

Impact of Globalization, Cultures, and Labor Markets on the Human Resource Management Function of Barclays

In association with changes, analysts view organizational culture as a process of adaptation, which assists an organization to continue to exist in a changing market conditions. During the time of the organizational change in Barclays, it has observed that employees' attitudes influenced from the clear objectives and values that attached to the new implementation of the communication system. The goals of the organizations is to make the organization more profitable irrespective of the crises and offer the most secure products to the clients and customers along with the complete security and stability of the financial systems. The organization currently is going good, as Barclays' is expected to do well because there has been a gradual shift in the perception of people about the use of banking products. There is a group of customer who are sustainability conscious and they now prefer to opt for services and product that provide them a sense of social and cultural responsibility (Day, 1994). In other words, they do not explicitly recognize subjective and natural human processes such as cognitions mental processes of perceiving, recognizing, conceiving, judging, and reasoning - as processes that employees go through before reacting to those practices. Thus, the cognitive paradigm, which focuses on how people structure their experiences and how they make sense of them, may inform strategic HRM research further (Turban, Greening, 1996).

International Business Strategy of Barclays

International management is a reality in today's business environment. When a firm decides to expand business across the border, it faces many challenges including management of diversity, language barriers, diverse regulations, diverse norms and traditions, and so on.

International management goes along with international strategy of a firm. Extent of diversity is based on multi-currency revenues, number of subsidiaries, and number of foreign assets and so on. Management must also be diverse. It is perceived better to employ ...