Global HRM Strategies

This report discusses the effective global HRM strategies for Moderna Inc, including recruitment and selection, training and development, and performance management and appraisal system. It also analyzes how these strategies impact organizational performance and employee commitment.

Global HRM Strategies

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Recruitment and Selection...........................................................................................................1
Training and Development..........................................................................................................3
Performance Management and Appraisal System.......................................................................4
Identify how your recommended strategies will impact upon –..................................................5
Key economic drivers in the Host country..................................................................................8
A comparative analysis of HR systems globally.........................................................................9
Organisational issues that influence the development and implementation of HRM strategy..10
The social cultural aspect of the host country...........................................................................10
CONCLUSION..............................................................................................................................11
REFERENCES..............................................................................................................................12

INTRODUCTION
Global HRM strategies can be describe as the approach which is consider by organisation to
successfully and effectively manage its human resources at global level. It is crucial for
organisation who is functioning at multinational level to correctly and accurately manage its
employees with the motive of increasing business activities (Caligiuri, P. & et.al., 2020). There
are different elements and aspects which is associated with human resource management that
will lead to have major impact on successful and effective functioning of business. The main
motive of global human resource strategies is to insure the multinational companies have right
and accurate talent to perform business activities, manage mobility and culture mix in order to
manage effectively all of its operating unities and growth opportunities. Through global human
resource strategies respective organisation is able to manage its employees in effective manner as
well as enhance knowledge sharing networks with common values. This report is based on
Moderna Inc. This is an American pharmaceutical and biotechnology company which is based in
Cambridge, Massachusetts. This is a public type organisation that is dealing in Biotechnology
industry. Moderna Inc. Company was developed in yes 2010 and founder of this organisation are
Derrick Rossi, Timothy A. Springer, Robert S. Langer, Kenneth R. Chien and Noubat Afeyan.
Head office of this organisation is 200 Technology Square Cambridge, Massachusetts, U.S. Main
products or a service that is provided by this organisation is Vaccines. This report includes
information regarding different HR functions along with the HR practise that helps in performing
business practices in effective and efficient manner. In this report key economic drivers in the
host country has been analysed along with the comparative analysis of HR system globally.
Apart from this, different organisational issues that influence development or implementation of
HRM strategies has been determined. Different social cultural aspects of the host country have
been analysed.
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MAIN BODY
Recruitment and Selection
Recruitment and selection can be describe as the crucial process of business that is
effective for enhance business performance by attracting or hiring right candidate for
organisation (Lei, Khamkhoutlavong & Le, 2021). It is essential that respective company is
successfully and effectively conducting recruitment and selection process in order to improve
performance of business. This will lead to have major impact overall performance and
productivity of organisation. Recruitment can be describe as the process where potential
applicant of the business are find or searched by organisation with the motive of encouraging
them to apply for the vacant position of business. This is consider as one of the essential part of
organisation as it will lead to have major impact on talent management practices. Recruitment is
consider as the key responsibility of human resource department that includes stimulating and
attracting employees for the vacant position of organisation. This is effective for identifying most
suitable candidate for Moderna Inc company as well as performing organisational task in
appropriate manner. Recruitment practice of organisation is significant for influencing and
attracting large number of candidates towards organisation so that they apply within business and
perform organisational activities (Islam, Khan, & et.al.,. 2020). This is consider as the positive
process as in this respective company is focusing on attracting more and more candidates
towards business. Recruitment process includes integration of job posting with job description,
simplify the application process, display job posting on different areas, managing of candidate
application and resumes, streaming the applicant tracking process and assessing or conducting
interviews of candidates for selecting most appropriate candidate for organisation. There are
different methods or approaches of recruitment which is majorly classified into two parts that is
internal and external recruitment. In internal recruitment promotion, transfer, demotion or
employee exchange is included. Where as external recruitment consist of third party recruitment,
consultancy firms, campus recruitment, job advertising on different platforms such as digital
media, official website and news paper. Moderna Inc company is considering job advertisement
is the recruitment strategy. Through advertising jobs on different area such as social or digital
media, news paper, official website of Moderna Inc company and many more, respective
organisation will be able to attract more and more candidates towards business as well as
influencing recruitment process of business.
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Selection can be describe as the process of choosing accurate candidate from large pool
of candidates for organisation for outside of business (Piwowar-Sulej, 2021). It is significant
process in order to determine most appropriate individual who have capability and potential to
conduct organisational activities in more significant manner. This will lead to have major impact
on overall human resource management process of business as well as affect functioning of
business. This is consider as negative process of business as in this candidates are being
eliminate with the motive of selecting most effective candidate for business. In simple words
selection can be define as the process of selecting or short listing of right candidates that have
required or necessary qualification or skill set to perform business practices in appropriate
manner (Hameed & et.al., 2020). This will assist in hiring right candidates in order to enhance
overall functioning of business. It is crucial for organisation to successfully conduct selection
practices in order to improve overall performance and practices of business. This will lead to
have major impact on overall functioning of business as well as correctly managing talented
employees. Selection process includes preliminary interview, receiving application and screening
of application, employment test, interview, reference checking, medical examination and final
selection. This is effective for increasing process of business as well as considering right or
accurate candidates for appropriate functioning of business. Moderna Inc organisation is
considering interview strategy for selecting right candidate for organisation. Through this
strategy respective company is able to identify and analyse in depth information about the
candidate as well as select the most appropriate for the vacant position of business.
Training and Development
Training and development is refer as the significant activity of organisation that is
consider by organisation in order to increase knowledge and information of employees. Training
is a short term reactive process implied for agents and process while development is planned
nonstop supportive of dynamic process implied for chiefs. In training employees' point is to
foster extra abilities and in development, it is to foster an absolute character. It has been
identified that training and development play important role in organisation which will lead to
affect overall functioning of business (Aboramadan, 2020). In training, the drive is taken by the
management with the target of meeting the current need o fan employee. In development, drive
is taken by the person with the target to meet the future need o fan employee. Through effective
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training and development in Moderna Inc organisation respective company is able to improve
understanding of employees towards functioning of business. This will lead to have major impact
on organisation as well as its employees. Training and development activities of business will
lead to have positive impact on respective business as well as its employees. Training is one of
the most mind-blowing approaches to esteem your employees. It shows them that you are as put
resources into their prosperity and development as they are in the your development as an
organization. Employees who are cared for business practices ever need to look somewhere else
other then respective organisation. Training and development will lead to improve capability and
potential to employees to conduct organisational task and practices in more effective manner.
Through this respective organisation will be able to improve capabilities and skills of employees
to perform business activities in more effective manner. It has been analysed that there are
several methods of training and development. These methods or approaches are majorly
classified into on the job and off the job methods. Training and development methods consist of
classroom training, internships, coaching or mentorship, job rotation, lecture, e- learning
platforms and so on. all of these are effective methods or ways of conducting training with in
organisation as well as influencing overall performance of business. Training can be a pre-
emptive advance to prepare employees for anticipated startling changes in the business. In
circumstances such as our own when patterns change continually affected by online
advancement, keeping our groups arranged simply bodes well. For respective company, class
room training is effective training and development strategy that will lead to have positive
impact on overall performance of business (Sardi & et.al.,.2020). It has been analysed that any
organization committed to training its work force will just succeed and push ahead. The
employees are a significant piece of an organization's resources and dealing with them will mean
dealing with the association. Through class room training employees will be able to effectively
focus in training and development practices of business as well as increase business
performance. This will lead to have major impact on overall development of skills and
capabilities of employees which is lacking to attain desired objectives.
Performance Management and Appraisal System
Performance management can be describe as the set of activities and task that is
significant for making sure that employee meet the desired goals and objectives. This is crucial
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process of business as it will assist in deterring actual performance or capability of employees
towards accomplishment of set objectives. The fundamental target of the performance appraisal
system was to practice power over the exercises of the employees through disciplinary activities
and management of rewards and advancements. It is crucial for respective company that is
Moderna Inc to determine aligned goals with the objectives of organisation in order to increase
business performance. This will lead to have positive impact on business. The directors or
manager were relied upon to rate their employees on specific attributes running between a size of
inadmissible to remarkable performance. Through performance management respective company
is able to endure that business practices are effectively and efficiently performed so that
employees can significantly reach desired goals. Performance appraisals were generally barely
engaged and worked in separation without bearing any linkage with the by and large hierarchical
vision or objectives. The symptoms of the performance appraisal system was it created wariness
among the administrators and the employees on any new drive of the HR. It has been determined
that performance management is a holistic approach for business in order to determine training
requirements of employees. Performance management refer to the arrangement of exercises and
errands that ensure that the employees meet their objectives on schedule. The objectives should
be lined up with the targets of the association (Sardi & et.al.,.2020). There are different methods
or approaches of performance management that will lead to have crucial impact on successfully
performing performance management activities as well as accomplishing desired goals.
Performance management guarantees the proficiency and adequacy of the performance of the
employees when the objectives are reached. Performance management has a comprehensive
method in the sense, it break down employee performance remembering the development needs
of the employee and association. For Moderna Inc organisation 360 degree feedback method is
very effective in order to enhance performance management and appraisal practices. This can be
describe as the multi dimensional performance appraisal method which is effective for evaluating
performance of employees through feedbacks. This includes feedback of manager, peers,
customers, self and direct reports. This is effective for increasing and improving performance of
business in order to identify actual performance of a person.
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Identify how your recommended strategies will impact upon –
There are different practices of human resource management that needs to be performed in
significant manner as it will lead to have major impact on various elements of business. It is
important that Moderna Inc company is successfully performing its human resources practices
and considering effective strategies that will lead to enhance overall functioning of business. The
recommended strategies of respective company will lead to have crucial impact on overall
performance of business as well as accomplishment of desired objective.
 Organisational Performance – This can be describe as the overall performance of the
business that will be influenced by the different strategies of human resource
management. It is crucial that respective company is considering effective and efficient
strategies of organisation in order to increase business performance. External recruitment
and selection strategies of Moderna Inc company will lead to attract new skill and talent
in respective business. This will lead to increase overall functioning and performance of
business as well as accomplishment of desired objectives. Through external recruitment
and selection candidate through interview strategy will be very helpful for respective
company as it will lead to select the most desirable candidate for business and improve
organisational performance. Through classroom training employees is able to focus on
the development of needed skills in order to improve potential of a employees. This will
assist in enhancing or developing different skills which is lacking in an individual and it
will lead to increase performance of business. Performance management with the support
of 360 degree respective organisation will be able to identify performance or contribution
of all employees in attaining desired objectives. This will lead to have positive impact on
improvement of organisational performance.
 Employee Commitment – This is refer as the commitment of employees towards their
work in order to attain set objectives of business. It is essential that respective company is
enhancing employee commitment activities in order to encourage their performance
level. Employee commitment can be explain as the level of enthusiasm with in an
employee have towards the task that is assigned in the workplace. This is consider as the
feeling of individual employees towards goals, mission or vision of business.
Recruitment and selection strategies of Moderna Inc will lead to have crucial impact on
employee commitment. Through this process, respective organisation is able to determine
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or select employees who have potential to commit with the set goals and objectives of
business. This will assist in influence functioning and performance. Training and
development will lead to have major impact on overall functioning of organisation as
well as encourage performance level of employees. Through training and development
respective company will be able to engage employees with task of the business as well as
encourage employees to be committed towards their work. 360 degree feedback for
performance management is significant way to encourage employees to be committed
with their work. This strategy will assist in identifying actual performance of employees
and motivating them to be enhance commitment level with business.
 Workforce Flexibility – This is refer as the practice of providing opportunity to
employees for making their own choice regarding how, when and where they engage in
work related project or task. This is significant for motivating and encouraging
employees to enhance work performance. Through effective recruitment and selection
strategies respective company is able to provide effective work flexibility to its
employees in order to improve their performance. Training and development will lead to
provide accurate information to its employees with the motive of boosting capability to
engage in work related task. Through performance management strategies Moderna Inc
organisation is able to provide accurate information to employees according to the
performance conducted by employees with in organisation. This will help employees in
considering work flexibility while conducting business practices and task in effective
manner. This will lead to increase overall functioning and performance of employees
towards accomplishment of desired goals.
 Workforce Quality – Workforce quality play significant role in organisation in order to
improve or determine the overall quality of business. It is essential that employees of
respective company is considering high quality in order to enhance overall functioning of
business. Workforce quality consist of capability and potential of employees in order to
deliver performance of business. It has been determined that through high quality
respective company is able to attain desired goals and objective. Effective recruitment
and selection strategy of business will lead to attract and select right candidate for
business who have potential to conduct business with high quality. Through training and
development practices respective organisation is able to improve capabilities and skills of
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employees with the motive of enhancing workforce quality level. Performance
management activities of business will lead to determine current skills and potential of
employees. through this respective company is able to analyse or evaluate quality of each
and every employees while conducting business practices.
Key economic drivers in the Host country
Key economic drivers mainly concerned about the financial and also economic factors
which can provide more influence on few outcomes of interest. On the basis of specific
consideration is related with the key economic drivers of the host country, it is determined that
macro drivers can effectively impact on the specific factors such as fiscal, geographical variables
& events that mainly affect the National and also regional economy and utilized in the top down
analysis. There are three types of techniques are involved in the development of the economy
such as accumulating of the capital stock, improvement in the labor imports ( worker s, hourly
work) and technological advancement (Taussig, 2017).
 Geographical Description - This is considered as the specific key economic driver of the
country which mainly a concern about the geographical environment of the country. It is
necessary for the company to concentrate on the geographical considerations in order to
expand their business an appropriate manner. The role of the host country is to
acknowledge the economic factors and maintain the geographical environment so that
company can maintain geographical stability and reduce the geographical description like
trade wars that is determined to a global economy and also financial market.
 Corporate earning - It is a fact that earning are mainly concentrate on the importance of
the valuation it can provide various benefits to the country e and also increase the
estimation of forward-looking earning. This is also considered as the appropriate key
economic driver which only concerned about the corporate earnings. Modena Inc, is a
well known organization which want to expand their business in Singapore it is
mandatory for the company to identify the key economic drivers of the Singapore which
can create an appropriate impact on the business expansion process of the company
(Frost, 2020).
 Shift in Monetary Policy - This is also containing as the appropriate economic driver
which can take care about the planning and positively related with the monetary policy of
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the country. Moderna Inc need to analyze all the consideration related with the monetary
policy of the Singapore so that company can appropriately maintain their business
operations in that particular country e and gain more profitability and also improve their
sustainability right at the entire market place of the Singapore.
A comparative analysis of HR systems globally
Comparative analysis is considered as the specific combination related with the two or more
documents, processes and data set. This analysis mainly focus on the pattern analysis
consideration which mainly concerned about the filtering and also decision tree analytics in order
to formulate the appropriate outcomes related with the comparative analysis. It is determined
that comparative analysis of the human resource system globally mainly concerned about the
different types of human resource practices across the countries. Human resources system of the
countries is differ on the basis of specific HR policies, procedures and strategies. International
human resource management is more concerned about the specific issues which are incorporated
with the management of the workforce across the nation borders in the multinational
corporations. In case of Mordena Inc , company want to expand their business operations in
another country that is Singapore. Mordena Inc is USA best organization which follow
appropriate human resource practices and policies but in order to expand their business in
Singapore company need to conduct comparative analysis related with the HR system (Gómez-
Carmona and et. al., 2018). In context of comparative analysis between the both countries USA
and Singapore, company need to identify the difference between the appropriate business
policies, working environment, training and development style, availability for the good talent.
With the help of comparative analysis of the human resource system between the both countries,
Mordena Inc company can appropriately established link between the institutional system,
personnel policies, social cohesion and also maintain the economic success of the country. The
comparative analysis is done on the basis of some specific factors which are as follows - Working environment - The working environment of the USA is very flexible and
employees are working without any pressure so that they can provide their best efforts to
obtain their regular target. In case of Singapore most of the companies are involved in the
white collar work and the normal working hours are considered 40 - 45 hours working
hours on weekly basis (Muh, & Tabet, 2019).
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 Availability to retain the talent - Moderna Inc mainly USA based organization and
maintaining their all the operational activities in the USA but in the time company want
to expand their business operations in Singapore so there is a need to conduct
comparative analysis in context of Human resource system so that company can
appropriately meet the requirements of the organization and made them proper
organizational structure in both countries. USA system is different from the Singapore in
order to retain their employees. Company understand the perception of the people in
Singapore and then conduct strategic hiring process in order to recruit top talent who will
remain for longer period of time which will improve profitability of the company.
Organisational issues that influence the development and implementation of HRM strategy.
There are different issues which will lead to have influence over development and
implementation of HRM strategies. it is crucial that respective company is considering or analyse
various issues that will lead to have impact on HRM strategy and affect functioning of business.
Different issues are mention below -
 Cross-cultural training for expatriates – it is very difficult for respective company to
conduct cross cultural training for expatriates. In Moderna Inc organisation different
employees with different culture are performing practices. This will lead to influence on
practices of business to provide effective training to its employees.
 T&D section – Training and development section of business will be affected due to
performance of HRM strategies. It is very complicated for Moderna Inc to conduct
training and development section for all employees who are located at global level. Due
to this HRM strategy of respective company many not be effectively implemented.
The social cultural aspect of the host country.
Socio cultural aspects related with the host country is mainly concerned about some
specific factors like changes in the cultures and also demographics considerations. The socio
cultural aspects concentrate on the specific variables of the society (Sanga, 2017). Through
PESTLE analysis, Moderna Inc can appropriately identify the aspects of the social factors which
can significantly impact on the ability of the company in order to survive to the different country
market. With the help of deep understanding about the socio culture aspects, understand the
whole market and environmental situation and also identify the exact requirement and preference
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of host country people so that company can effectively establish their market. Mordena Inc need
to considered specific factors like culture, religion, language, educational background, customer
preference, buying power of customer, buying behavior of customers and attitude of the social
people towards the foreign goods and services (ZHUKEVYCH, 2021).
CONCLUSION
From the above report it could be concluded that there are several aspects of human resource
management which needs to be performed in significant manner. Practices of human resource
management will lead to have major affect on overall functioning of business. It has been
analysed that recruitment and selection, training and development as well as performance
management are essential part of human resource management. The strategies of these human
resource management will lead to impact over organisational performance, quality and various
other aspects. It is crucial for business to determine economic drivers as well as social aspects of
host country while performing business activities.
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REFERENCES
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Sanga, R. N. (2017). The influence of socio-cultural environment on advertising campaign by
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