GLOBAL HUMAN RESOURCE MANAGEMENT

Running head: GLOBAL HUMAN RESOURCE MANAGEMENT
GLOBAL HUMAN RESOURCE MANAGEMENT
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GLOBAL HUMAN RESOURCE MANAGEMENT1
Answer 1:
Investing in the training and career development programs for the employees is beneficial
for any organisation. Employees are the most important asset for any organisation as they are the
ones who work for the progress of the company. Without proper development and training, the
company would suffer huge losses and that would in turn lead to the downfall of the company.
This would provide many benefits to the company (Sung & Choi, 2014). Firstly, it would
provide a competitive advantage over other companies. Secondly, it would help increase
employee loyalty, which in turn would decrease employee turnover. Thirdly, it would increase
the flexibility of the company in the market, as the well-trained employees respond well to
different situations.
Training and development enables a company to enhance their strategic goals. It
increases their profitability, helps in expanding new business areas and aids in stopping their
rivals from encroaching upon their business areas. The HRM should focus on developing such
training programs to reach the high standards that the company has set for itself.
Answer 2:
Part A:
Performance management is defined as the process that ensures the actions and the output
lead to the organisation reaching its goals in an efficient manner (Ahmed et al., 2016). It focuses
on the performance of the employees, the department and the organisation as a whole. The senior
leadership organizes the standards of performance management that includes the specific tasks as
well as the outcomes of the job, timely feedback, coaching and comparison of the employee’s
actual performance with the desired results. Performance evaluation system is defined as a