Global HRM has been a remarkable and consistent increase in the numbers of organizations that are internationalizing their operations. As more and more markets are internationalizing, more numbers of countries and their firms are integrating into the global economy. The expansion of these markets allows for wider reach and higher potential generated globally.
The primary features are
- HR Planning across the boundaries to ensure strategic resource implementation
- Recruiting and selecting the right talent in line with the organization’s policies
- Training and developing the selected talent with the required skills of working across boundaries to adapt into cross cultural environments
- Designing expatriate wage structures appropriately to ensure conflict-free workflow
- Appraising expatriate performance with geocentric involvement of home and host country managers
- Repatriating expatriate employees upon completion of project while taking care of reverse culture shock and rehabilitation requirements
The primary components of IHRM include
- HR Planning across the boundaries to ensure strategic resource implementation
- Recruiting and selecting the right talent in line with the organization’s policies
- Training and developing the selected talent with the required skills of working across boundaries to adapt into cross cultural environments
- Designing expatriate wage structures appropriately to ensure conflict-free workflow
- Appraising expatriate performance with geocentric involvement of home and host country managers
- Repatriating expatriate employees upon completion of project while taking care of reverse culture shock and rehabilitation requirements.