The underpinning social and economic reasons caused by globalisation that brought about the recent transition in HRM and its functions:
1. Rapid business change:
-Regulatory compliance and controls (tax, immigration, payroll)
- Managing and tracking global mobility costs
-Improving the retention of global mobility assignees post-assignment
-Improving operational efficiency of global mobility through process and technology improvements
2. A borderless workplace:
-Actively partnering with the business to effectively use global mobility
-Improving the global mobility experience for assignees
3. Specialization creating new career and job models:
-Global compensation, benefits, and pensions planning and management
4. New styles of leadership:
- Global leadership development and pipeline
5. The intense competition for talent:
- Integration with global talent management practices