Global Human Resource Management: ANZ Offshoring Business to India

Running Head: HRM
0
Human resource management
5/20/2019

HRM
1
Introduction............................................................................................................... 3
Importance of Global HRM........................................................................................... 3
ANZ Overview........................................................................................................... 3
Policy1: External and Internal influences (Recruitment).....................................................4
Policy 2: Training & Development............................................................................... 5
Policy 3: Performance Management Systems...................................................................6
Culture and related aspects in the new offshore business........................................................6
Conclusion................................................................................................................ 7
References................................................................................................................ 8

HRM
2
Introduction
The essay brings about the discussion on the concept of global human resource management,
i.e. HRM and their relevance to the organisations. International HRM studies all human
resource management activities, and their impact on managing human resources within
business at global level. Therefore, the assignment will be based on an Australian company,
i.e. ‘ANZ’ who wants to offshore their business into another country, i.e. India
(Wickramasinghe, 2015). Moreover, then discussion will determine three core areas of HR
policy, and their implementation in context to offshore situation. Thus, three major HR
policies will be used in this essay, i.e. recruitment, training & development and PMS. In the
later part, the discussion will also analyse the aspects of culture while moving overseas,
applied with the concept or Hofstede cultural dimensions, to determine the need of change in
the policy.
Importance of Global HRM
Global HRM or global human resource management includes all the aspects of an
organisation’s HR, payroll, and other processes such as talent management operating at a
global level. Due to increasing level of globalisation, it has been found that global HRM
contributes in attaining the organisational goals and objectives. In general terms, it can be
stated that the focus of the global HRM aspects, is to enhance the management of people in
multi-cultural contexts. Practising HRM in different environment, ethics, and culture often
leads to multiple challenges, and issues affecting their operations (Willcocks et al., 2017).
Some of the typical challenges might include cultural issues, ethical issues, challenges related
to HR policies such as recruitment of employees, training and development, remuneration,
and performance management or appraisal system (Brewster, Chung and Sparrow, 2016) .
Therefore, these issues and HR policies leading to management of human resources in
multiple countries will be demonstrated with the help of an example.
ANZ Overview
The Australia and New Zealand Banking group, also known as ANZ, is an Australian based
multinational finance and banking company. The company is headquartered in Melbourne,
Australia and has been recognised second largest in terms of assets, and third largest in