Transfer of HR Practices in Multinational Corporations
Added on 2020-04-13
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Running head: Human Resource Management 1International Human Resource Management
Human Resource Management 2Essay topic: The employment and HR practices used by US-owned and Japanese-owned companies with operations in Singapore are best explained by their country-of-origin. To what extent do you agree with this claim?Human resource management plays a crucial role in the management of the organization. As a matter of fact, it is the centre of corporate strategy. It is considered as the attribute to the fact in which it facilitates an organization to improve the situation of the company for attaining objectives and forming sustainable competitive advantages. Employment is a relationship between two parties which is based on the contract where work is paid for. Employment law considers the employee of the organization regarding their wages, salaries, dismissal justification, and employer insolvency and working schedules. There is a number of laws and legislation which may affect the management of human resources in the organization. The topic of the essay indicates to describe the practices of HR and employment utilized by US owned companies and Japanese owned companies with operations in Singapore and it requires an effective explanation by their country of origin. The employment and HR practices of US owned company is entirely different from othercountry. Guest, (2011), argues that the concept of dealing employees and way of working in the organization of US is different which influence many organizations of different countries to deal with them. The operations with Singapore organization of US owned company is reflecting the effective combination between the HR practices and employment. Clegg, Kornberger & Rhodes, (2007), stated that the culture of the Singapore regarding HR practices is different so it can be analyzed easily that the difference will be come in the organization of Singapore in comparison
Human Resource Management 3of US. Cultural factor is considered as the major factor which may define the entire condition regarding this topic. Wide-ranging cultural differences from country to country demand corresponding differences in HR practices among a company’s foreign subsidiaries. Difference in economies system among countries also the cause of difference of HR practices. Efficiency is required on essential basis in the case of high labor costs. For instance, HR Practices aimed to improve the employee performance. Inter-country differences in labor costs are substantial. It hasbeen analyzed that the hourly compensation cost in U.S. dollars for production workers which recently reached at peak and ranged from a high of $25.56 in Germany to a low of $2.65 in Mexico. It impacts the working style of the US owned companies with operations in Singapore. In the context of particular interest to operations of other country with Singapore is the suggestion that political forces such as professional associations, unions and governments are important factors of HR practices. It has been evaluated that the government of the Singapore organization is has taken a more active and interventional approach to economic development. Tiwari, (2013), argued that government wage policies have vital role in the highly successful economic development of the country. However, the Singapore National Productivity Board and other institutions announced that raining and development program should be developed in the organization to give proper training to new joining so that the vision and mission of the organization has clear in the view of new joiner. Along with that it provides a range of executive and management development training. Furthermore, professional organization in Singapore such as Singapore Institute of Personnel Management and the Singapore Institute of Management focus on providing the adequate training and development program on up-to-date HRM and other management skills.
Human Resource Management 4I agree with the topic of the essay that the employment and HR practices used by US-owned and Japanese-owned companies with operations in Singapore are best explained by their country-of-origin. It has been agreed by me due to analyze the organization of US owned and Japanese owned company with operations in Singapore. Toyota Motor Corporation is a multinational automotive Japanese company which headquarters is situated in Japan. Toyota Car Manufacturer Company has been using its principles to manufacture the reliable car as well as sustainable development of society through occupies innovative and super quality products and services. It is the company which has been spreader in all over the world. Toyota Motor Corporation is Japanese owned company which operates its operations with Singapore. It has been analyzed that the operations of Singapore organization is more effective due to have efficient HR practices and the organization of Toyota in Singapore is operating its operation as per the employment and HR Practices of Japan (Piotrowski & Guyette, 2010). It is not necessary that other country follow the entire rule of another country but the organization of Toyota Company is efficient to manage the rules of Singapore government with handling the policies of Toyota Company. Due to follow the proper policy of HR practices and employment, the Toyota Company of Japan introduced its first turbocharged model in Singapore. It is the only company which has introduced a turbocharged model in Singapore. The employment and HR Practices of Singapore organization is effective and it has been suggested that Singapore unions not only show the interest of their membership but take on a cooperative role in facilitating execute government economic policies. Moreover, the more inventions strategy has been adopted by Singapore organization to encourage the incorporation of "non-cultural" HRM practices into firms operating in Singapore. It has been suggested by Tiwari, (2013), that organization adopted
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