HRM & Globalization of Business

 GLOBALIZATION MAINLY IMPACT

ON
A. INDUSTRIES
B. EMPLOYERS
C. EMPLOYEES
 Globalization and changing
face of HRM
D E M O C RAT IZ AT ION AND PR ES S U RE F OR
M OR E L AB OR R IGHT S IN C O U NT R Y
W H ER E SU C H R IGHT H AS B EE N
R E ST RI C T E D
M O RE L IB E RAL I ZAT ION AND
D E RE GU L AT IO N
C O M P ET IT IO N F O R I NVE ST M E NT
INC REASE E C O NO M IC I ND E P END E NC E
OF NAT ION
INC REASE C APIT AL , IN F O R MAT IO N,
TEC HNO L O GY F L OW
INTERNATIONALIZATION OF
ENTERPRISES AND CREATION OF
MERGERS AND ALLIANCES
CUSTOMER DRIVEN NOT PRODUCT
DRIVEN
COMPETITIVENESS INCREASINGLY
BASED ON KNOWLEDGE, INNOVATION,
SKILLS AND PRODUCTIVITY
SUCCESS OF GLOBAL COMPANY IS TO
A LARGE EXTENT DEPEND ON THEIR
ABILITY TO ORGANIZE ACROSS
NATIONAL BOUNDARIES
INFORMATION, MONEY, PEOPLE AND
OTHER RESOURCE
 Employer response to globalization
MOVING PRODUCTION OVERSEAS TO
REDUCE COST AND FACILITATE
OPERATION
CONTRACTING OUT AND OUT
SOURCING
IT IS IMPORTANT ON ONE HAND
COMPANY CONCENTRATE ON ITS
COMPETENCIES OTHER HAND
SERVICE BECOME MORE PRODUCTIVE
M O RE PA RT TI M E A N D T EM PO RA RY WO RK
E SP EC IA LL Y A M O NG WO ME N A N D
S TU D E NT
GRE A T ER E M PLO YE E IN VO LV E ME N T I N
D E S I GN A ND EX E CU T I ON O F WORK
S H IF TI N G TH E F OC U S O F C OL LE CT IV E
BA RGA IN I NG F RO M NA TI ON LE VE L TO
E NTE RPRIS E L EV EL
PU SH I NG F O R M O RE D E RE GU L A TI O N A ND
FL E X I BLE M A RK ET
E M PLO YE R HA V E RE D U CE D EM PL OY M EN T
TH RO U G H C O NC ES S I O N BA RGA I N IN G
WHE N FI RM HA VE BE E N I N F IN A N CI A L
D I F FI C U LT IE S
IMPACTS OF GLOBALIZATION
a) INVOLVEMENT OF WORKER
b) EXECUTION AND CONTROL OF WORK
c) GREATLY FOCUS ON WORK PLACE
RELATION AND POLICIES
d) MOTIVATION
e) PERFORMANCE
f) INFORMATION SHARING AND TWO
WAY COMMUNICATION
g) MORE INVESTMENT IN SKILLS AND
TRAINING
INCREASE IN NUMBER OF PEOPLE WHO WILL
NOT BE WORKING IN ORGANIZATION THOUGH
THEY WILL WORK FOR ORGANIZATION. EX
OUTSOURCING
DECREASING NUMBER OF PEOPLE WORKING
UNDER PERMANENT CONTRACT AND
PROLIFERATION OF OTHER TYPE OF WORK
ARRANGEMENT SUCH AS PART TIME TEMPORARY
HOMEWORK AND CONTRACT WORK.
THUS TRADITIONAL HRM HAS BEEN
CHALLENGED DUE TO THE DEFERENT TYPE OF
EMPLOYMENT CONTRACT AND PAY SYSTEM TO
REWARD PERFORMANCE AND SKILLS
Q/A