Discuss the Challenges and Opportunities of Ihrm When...

International human resource management is about the worldwide or global management of human resources. (Schuler et al., 2009). It can be referred to as the activities undertaken by an organization to effectively utilize its human resources. (Dowling, et al. 2008). Many organisations now compete on a worldwide scale. The vast range of technological developments available to business in modern times has changed the interface of business. As we move towards a more knowledge-based global economy, the importance on human resources has increased significantly in order to survive in an unstable economy. To operate in an international environment, human resources departments engage in a number of activities that would not be necessary in a†¦show more content†¦The advantages include mutual learning so that effective practices learnt in one location can be spread across the world, without the costly and often ineffective need for each subsidiary to reinvent the wheel. The alignme nt of global systems will facilitate an internal labour market and make expatriation and other forms of cross border movement of personnel easier. (Harzing 2011). During the global financial crisis (GFC), many companies were forced to downsize. However, some companies were able to share good news with their employees such as giving pay rises and bonuses. To boost staff morale, Cathay Pacific Airways increased salaries by an average of 2 per cent in 2009 despite the airline industry being hit the hardest during the GFC. Downturns such as this can provide an opportunity for companies to review and reflect on efficiency levels and other cost saving measures (aside from dismissing employees). (Schermerhorn et al. 2010. pp. 110 - 111). Teleworking presents advantages in terms of efficiency. Hewlett Packard and American Express researched their call centres and discovered their work-at-home staff got through 20 per cent more calls, plus they experienced an increase in customer satisfaction as employees working at home are typically more focussed on the task at hand (Sheedy, 2010). Teleworking can be a useful tool during economic recession as emp loyees retain their jobs, while gaining greater work satisfaction by workingShow MoreRelatedDirected Study6575 Words   |  27 PagesDirected Study #2 International Management - Managing Across Borders and Cultures Chapter 2 Managing Interdependence -Social Responsibility and Ethics Discussion Questions 3.  What does moral universalism mean?  Discuss your perspective on this concept.  Do you think the goal of moral universalism is possible?  Is it advisable? Moral universalism is a moral standard toward social responsibility accepted by all cultures. My opinion is that what is morally correct in my culture may not be in anotherRead MoreArticle: Performance Appraisal and Performance Management35812 Words   |  144 Pagesmerit rating in which an individual is rated as better or worse in comparison to others. This is one of the oldest and most universal practices of management (Tripathi 2005). This is a process which reveals that how well employees perform their jobs when the performance compared with the predetermine set of standards (L Mathis John H. Jackson). Merit rating is used basically for promotion of employees. However performance appraisal is more comprehensive term for such activities, because its use extendsRead MoreStrategic Management: HM and Zara14590 Words   |  59 Pagesretailing of fashion apparel and accessories. The company offers a range of apparel, cosmetics, footwear and accessories for men, women, children and teenagers. HM primarily operates in Europe, North America and Asia, and has a presence in over 38 countries. The company is headquartered in Stockholm, Sweden and employs approximately 87,000 people on a full-time basis. This thesis focused on the strategic management of HM company. The main research problem was to make an in-depth analysis of its marketingRead MoreManagement Course: Mba−10 General Management215330 Words   |  862 Pagesthis course. The instructor is solely responsible for the editorial content of such materials. 111 MANGGEN ISBN: 0−390−58539−4 Management Contents Feigenbaum−Feigenbaum †¢ The Power of Management Capital 1. New Management for Business Growth in a Demanding Economy 1 1 Text Jones−George †¢ Contemporary Management, Fourth Edition I. Management 17 17 2. The Evolution of Management Thought Hughes−Ginnett−Curphy †¢ Leadership, Fifth Edition I. Leadership is a Process, Not a Position