Due to the IMPACT of globalization, human resource management is also evolving to meet the challenges and opportunities of a globalized environment. Companies are able to access foreign markets more easily, but also face additional challenges. Internal challenges mainly include how to manage culturally diverse employees, and external challenges include political, economic, social and technological, and ecological aspects.
The main functions of global HRM are six core areas.
1. Planning for international human resource management
2. Global staffing, including recruitment, employee selection and placement.
3. Global employee training and development.
4. Global employee performance.
5. Global employee compensation and benefits.
6. Global employee employment relations.