Global Human Resource Management

Author:Pallvi Vadehraa*, R.C. Lalb

Abstract:
Global Human Resource Management is a complex, multifaceted field that requires Human resource Managers to have the ability to juggle priorities and excel at a number of tasks often strategically. The globalization of business is making it more important than ever to understand how Multinational Companies (MNCs) can operate more effectively. This paper deals with the latest Trends and complexity of “Human Resource Management” in context of global business. The trends in Global HRM are shaped by competitiveness, downsizing, outsourcing, more diverse workforce and a Cross Cultural Management. On the contrary, the cultural differences significantly affect many aspects of “Global Human Resource Management”, such as recruitment and selection, performance appraisal, compensation, career development and retention. The problem here is to balancing and managing the global trends in HRM with the influence and respect of national cultures.

Keywords:Keywords: Cross Cultural Management, Human Capital Management, Globalization.

DOI:

International Journal of Trade & Commerce (Vol: 3 Issue:1)