HRM evolves by connecting markets across countries and utilizing technologies that enable individuals and businesses to collaborate. With the era of globalization reducing trade barriers, regulations on services, capital movement, as well as transportation and communication costs, companies can now enter foreign markets more easily than before.
International Human Resource Management (IHRM) has a Key Features like:
1. Managing a Diverse Global Workforce – Handling employees from various cultural backgrounds and promoting inclusivity.
2. International Recruitment and Selection – Attracting and selecting talent based on global market needs.
3. Expatriate Management – Selecting, training, and supporting employees on international assignments.
4. Global Training and Development – Creating training programs that adapt to different work environments.
5. Compliance with Laws – Adhering to labor laws, taxes, and regulations in different countries.
6. Global Compensation and Benefits – Designing competitive salary and benefits systems that match local standards.
7. Performance Management – Evaluating employee performance in diverse environments to meet strategic goals.