finance and people.Understanding Globalization. then it is ´globalizationµ. capital.. technologies. ideas. services. ‡ ¶Globalization· means integration of economies and societies through cross country flows of information. ‡ ´IF a firmµ or an organization expands its sales or production beyond the national boundaries. . goods.

‡Globalization is a process that is drawing people together from all nations of the world into a single community linked by the vast network of communication. ‡Global HRM refers to Human Resource Management practices that deal with managing a diversity of workforce from all over the world. an organization has to reconsider the following factors Employment Laws Culture Terminology Corporate Social Responsibility.Globalization and Human Resource Management (HRM) ‡ When going global. .

and cost. . ‡Globalization also exerts pressure on the Human Resource Management (HRM) function to adapt to changing organizational needs and add greater value.Effects on HRM ‡Recruit the employees from around the world. quality. ‡Globalization influences organizations that compete for customers with high expectations for performance. ‡Effective database used globally makes HRM a simple but effective task.

. ‡ Toyota Motor Corporation makes cars in USA and India. ‡ Organizations are venturing beyond national boundaries in the pursuit of business opportunities.Globalization Of Business ‡ The world has become a global village and business has become global in character. and Marks and Spencer's sells products in India. Mc Donald's sells burgers in India and hamburgers in China.

Human Resource Challenges ‡ Managing a global workforce. ‡ Focusing increasingly on employee productivity to ensure competitiveness. ‡ Ensuring legal compliance when conducting business abroad. . ‡ Ensuring availability of employees who have the skills for global assignments.

‡ Differences in the language. . ‡ Cultural differences.Human Resource Challenges ‡ Political and legal differences. ‡ Differences in the currency unit. ‡ Economic differences.

‡ High costs of distance. ‡ Differences in trade practices.Human Resource Challenges ‡ Differences in the business infrastructure. ‡ Trade restrictions. .

Group No. 4 Group Members Manashni H Nargolwala ² 25 Nishant Jain ² 26 Eshita Jatakia ² 27 S Kruthika ² 28 Viraj Dhamdhere ² 29 Binay Pradhan ² 30 Narendra Tiwari ² 31 Vishal Kakkad ² 32 .

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