Question

what is the international factors faced by a chosen organization that influence International human resources management and employee relation and the increasingly domestic human resources management?

Answer 1

With the globalization, firms have been expanding to other countries for business opportunities and new customer base while minimizing cost of labor etc. To ensure that the firm hires, trains and retains the best talent in the organization globally, it is important that it have strong human resource management policies and practices.

Below are the international factors that would influence international human resource management, employee relation and the increasingly domestic human resources management -

1. Law of the land with respect to employee/labor rights etc.

2. Local requirements depending on the industry standard wages, benefits etc. in the specific unit or country

3. Cultural factors

4. Employee skills

5. Technological factors

Below is the significance of human resource management to present and future prosperous of international business organizations -

1. Effective HRM is important to find and hire the best talent available in the industry through various levels of recruitment process that is standardized across the locations to ensure there is no difference in the way the firm operates.
2. Once the candidates are recruited, it is important that they be taken through an induction process to ensure that they are well informed about the company’s policies, practices and work culture.
3. It is also important to design specific policies and practices as prevalent in the country where the firm is operating.
4. Training and Development of employees is another key area in HRM, which helps in individual development as well as organizational development when the employees use the skills in their work.
5. It is important that the firm maintain a balance between performance and employee satisfaction while ensuring the firm retains the best.
6. The firm needs to promote cross-cultural interaction to ensure that skilled employees can travel and work across locations as per the firm’s requirements and individual’s willingness.