Impact of Globalization on Human Resource Management
Human Resources Management is transforming as the modern business environment faces various complex challenges and opportunities. This transformation happens due to the factors such as globalization. As a result of that many firms have begun to compete on a worldwide basis. This situation has led Human Resources Management to gain more importance in the global arena and international Human Resource Management field. The increasing globalization of business has required organizations to manage their workforce effectively. Managing a foreign workforce can differ drastically from managing a domestic one. Human Resource Management in the international context requires managing diverse workforce originating from different nationalities with various cultures. Therefore, workforce diversity has become increasingly important for organizations that plan to expand into global markets and target different consumer groups. The main reason for the growth of the globalization with respect to e...