In: Economics
present your idea and concern regards international human resource management as well as your expectation from this HRMT course.
An organization gains competitive edge when it has an efficient pool of employees. In addition, we know that a large number of organizations conduct their businesses across national boundaries. Therefore, there is an increasing need of managing global employees. The effective management of global employees is a major determinant for the success or failure in international ventures. It has become a challenge to procure, train, and retain employees for global organizations. IHRM plays a very crucial role in terms of managing employees belonging to different geographical locations and countries.International human resource management is the process of employing, training and developing and compensating the employees in international and global organizations. An international company is one which has subsidiaries outside the home-county which rely on the business expertise or manufacturing capabilities of the parent company. Generally, an MNC is considered to have a number of businesses in different countries but managed as a whole from the headquarters, located in one country.OBJECTIVES OF IHRM : Create a local appeal without compromising upon the global identity. Generating awareness of cross cultural sensitivities among managers globally and hiring of staff across geographic boundaries. Training upon cultures and sensitivities of the host country.Although the major activities of human resource management as practiced in international organizations, their scope, responsibilities, and authority may vary according to the size of the subsidiary. The policy making section may study the local situation and generate a report which will then submitted to the top management for approval. They themselves may not have the authority to formulate such policies.With the increasing of globalisation, international human resource management (IHRM) plays an important role in achieving the organisation's goals. They will be more ready to move their operations into another country and effectively manage their employees to achieve smooth operations of the organisations.International HRM can be very challenging when one takes a look at what international HR managers are supposed to handle in terms of variety and complexity — including issues relating to international hiring, placement, culture-specific training, compensation relating problems, administrative services to expatriates, carrying out appraisals from time to time, offering growth opportunities to the talented ones, putting out fires with labour, resolving conflicts and maintaining health labour-management relations, etc.When it comes to employment, a benefit is any additional advantage an employee receives from his or her employer. Everyone receives a wage, but benefits go beyond that and include items such as vacation time, pensions and health insurance coverage. Fringe benefits include paid holidays and retirement plans
Expectations from HRMT including When it comes to employment, a benefit is any additional advantage an employee receives from his or her employer. Everyone receives a wage, but benefits go beyond that and include items such as vacation time, pensions and health insurance coverage. Fringe benefits include paid holidays and retirement plans. Having come a long way since traditional “personnel,” HRMT is a critical business function that helps companies succeed in hiring employees, keeping them engaged, and supporting their growth and development. HR -MTLeads Recruiting and Employee Onboarding.