How HRM Evolves in a Global Context
Trade restrictions, regulations on services and capital movements, and reductions in transport and communication costs have facilitated globalisation, enabling companies to enter foreign markets more easily. Previously, HRM only needed to manage domestic operations, but with companies expanding overseas and the rise of globalisation, HRM must now handle both internal and international operations.
What are the Key Features Described about Global HRM
Key characteristics can be outlined for both internal and external responses. Internally, it is crucial to bridge cultural differences and create a cohesive work environment by managing the staffing and recruitment of employees and their families. Externally, HRM must address Political, Economic, Social, Technological, Legal, and Ecological factors.