Global Issues in HRM- Blog 1

Human Resource Management.

The most valuable asset for an organization is the human capital. It's been gradually developed  to present level in the world with many advancements which benefited for both organization and employees. Human Resource Management (HRM) at the very beginning was long &  relatively humble. The future HRM will be more provoking and challenging. Debra J (2015). Any organization aims for it's success through it's people. To achieve the organizational goals it's very much focused to making the best use of  valuable human resource.

The Definition of Human Resource Management.

In 1987 Guest has defined HRM as set of policies designed to maximize organizational integration, employee commitment, flexibility and quality of work.

"A strategic , integrated and coherent approach to the employment, development and well-being of the people working in organizations"
Armstrong (2014)

The main functions of Human resource management includes

1. HR planning
2. Job Analysis & design
3. Employee recruitment and selection
4.Training & Development
5.Performance Evaluation
6.Compensation and benefits

The above functions includes the initial step of employee acquiring & retention in the organization. With the rapid changes in all aspects of the world HRM too changes according to market requirements. When we plan to discuss global issues in HRM we should first know the globalization to some extent.

What is Globalization ?

With the development of the every aspect of the human activities people prefer to get what they want from anywhere at anytime for their betterment of life. As a result we as humans in all over the world  in different cultures and backgrounds have chosen ways and means to share human and non human activities. This incident resulted to become the world more closer. The process which involves is called globalization which has pros and cons. It's not a single process . The globalization involves many activities such as economic integration, exchange of goods and services across the boarders etc.

It is applicable for all people and every situations.

As Dr. Nayef R F reveals in 2006 the globalization is a process that encompasses the causes, course and consequences of transnational and transcultural integration of human and non human activities .

to be continued..

References
Debra J (2015), HR past, present & future - A call for consistent practices and a focus on competencies.

Armstrong M (2014), Armstrong's Handbook of Human Resource Management Practice. London: Koganpage. 

Dr Nayef R (2006), Definitions of globalization: A comprehensive overview and proposed definition