Global HRM is a process through which the international presence of a company increases, while a local company extends its activities to foreign country or markets, and establishes new units in other countries that increases its ability to produce added values.
Key features in Global HRM:
1. Global HRM calls for a complete understanding of the occupational methods required in each region or country, an assessment of the skill levels and availability required to carry out the job tasks, and the physical and educational abilities of the local workforce.
2. Development of long-term HR plan to make sure of effective alignment of HR strategies with corporate objectives.
3. Diversified range of skills for employees, especially for those who need to work beyond national boundaries.
4. Necessary compensation from parent, host and third country nationals on the basis of country specific factors. Things as minimum wage and discrimination policies.
5. Centralized reporting relationship around world for faster information system and information sharing.