Understanding the Role of Global Human Resource
With the increase in competition, locally and globally, organizations have become more adaptable, resilient, agile, and customer-focused to succeed. They continually expand across an increasingly global business environment; they strive to find new and ever more effective ways through which they can improve their competitive positions. As human resource management evolves into an ever-increasing means of competitive advantage for multinational corporations there is a greater importance on an organization’s capacity to manage and share human resource innovations.HR professionals have evolved to become a strategic partner in the running of an organization.
The need for global human resource management
As global human resource management has become a business driven function, it is necessary to have a comprehensive understanding of the organization’s objectives, and also be able to influence the key decisions and policies of the organization. It is necessary for global human resource management to focus on strategic personnel retention and talents development. The main objective of a global HRM is to create a local appeal without making any concessions on the global identity of the organization. It also generates awareness of cross cultural sensitivities among managers globally and hiring of staff across geographic boundaries.
The Role of Global HRM
Human Resource management approaches vary from company to company depending on their individual stage of internationalization. Ideally the strategic role of human resource management is to make certain that those HRM policies are in tandem with and in support of the firm’s strategy, structure and controls. It is necessary for the management to recognize the role of the human resources department, in order to successfully steer any organization towards profitability. HR must constantly show value and an understanding of the business objectives of the firm as this way HR is positioned to anticipate and forecast business needs and position recruiting and selection activities to fulfill these needs. HR activities play a vital role in combating the crisis of high attrition rates, shortage of skilled employees and poaching strategies. With the expertise of a global HR, all the workforce related activities at all levels of management can be tackled effortlessly. HR professionals need to become coaches, counselors, mentors, and succession planners to help motivate organizations members and their loyalty.
Many multinational companies are making endeavors to harness the value of diversity to give them a truly global culture. It is no doubt that human capital is a company’s most expensive asset. It is therefore very necessary for HR that it provides the best employee benefit services that work well for both the employer and employees.
Processing your request, Please wait....
