In the world of rapid industrialisation and economic development, we are able to witness the evolution, advancement and integration of multinational countries of varying markets and technology. In short “Globalisation Happened”. The reduction of trading restrictions, regulations of services, capital investment and transport and communication cost reduction among some have also facilitated towards the globalisation efforts.
As a result there are growing number of multinational
cooperation’s (MNCs) and adapting to Global HRM (GHRM) helps manage the increasingly
complex and dynamic field for the success of the organisation operating globally
The management of human resources in a global organisation context is the core characterisation of Global HRM. It’s key features includes the following:
1. Recruitment and Onboarding Process
2. Training & Professional Development
3. Benefits & Compensation
4. Legal Compliance
5. Performance Appraisal
6. Cultural Diversity