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MGT307 Functions of International HRM

   

Added on  2020-05-08

7 Pages1905 Words123 Views
Running head: International HRM International HRM

International HRM The report talks about the significance and functions of the IHRM. Further, it explains theroles and responsibilities of the international HR manager to run the business successfully andeffectively at the global level. In addition, it describes the key elements of HR strategy within theorganization. International human resource management and human resource management differ intheir capacity of the managing employees across the world. HRM manages only home countryemployees while IHRM refers to the recruitment, selection, development, and management ofthe global employees in the resident country or in a foreign country. There are many factorswhich can affect the business of international human resource management. These factorsinclude political factors, legal factors, and social factors etc. IHRM defines as a set of actionsand activities that aims to manage and control the organization human resources at the globallevel in order to maximize the goals and objectives of the firm. It will also help to overcome onits competitors in the market across the world (Marler & Fisher, 2013). There are various functions performed by the International human resource management.These functional areas include performance evaluation, recruitment and selection, remuneration,labor relations and training and development. IHRM recruits and selects competent, capable andqualified employees to do work at the global level. In selection, HR manager matches thequalification of the candidates with job requirements of the company. Recruitment and staffing isthe complex function of the international HRM. The staffing and strategy affect the newcandidate at international level. Recruitment and selection is the best practice of IHRM. Further,the important function of IHRM is training and development that is essential in everyorganization. The main aim of the training and development is to offer enough training to acandidate in the association to meet the long-term goals and objectives of the company at theuniversal level. Training and development are provided by the IHRM to improve the efficiencyand competency of the expatriates. Induction and training help to prepare expatriates to do workat international level in the organization. Further, development and coaching program are alsoconducted by the IHRM across the world (Jabbour, de Sousa Jabbour, Govindan, Teixeira, & deSouza Freitas, 2013).In addition, performance evaluation is an excellent and effective function of IHRM.Through performance appraisal and valuation, the company assesses the performance and actions2

International HRM of the new candidates within the organization. Performance assessment is important to promoteand motivate the employees for doing tasks in an effective manner. This is the difficult task forIHRM because the firm needs to evaluate and analyze the employees from different countriesacross the world. It will also help to provide rewards and incentives to the expatriates at theuniversal level. The remuneration and compensation are other core functional approach of theIHRM. Remuneration and compensation play a vital role to attract more employees in the marketacross the world. A good and effective compensation system will provide a chance to maximizethe profit and revenue at international level. As a result, it will also enhance and increase theproductivity of the employees across the world. Labor relations also affect the business activitiesand operations of the firm. HR head maintains proper and effective communication andcollaboration with different countries employees around the world. They focus and evaluate therules, regulations, and policies of the company to maximize the revenue of the firm. It will alsoprovide job satisfaction and morale to the employees. It will build and develop confidence, faith,and trust among the employees in different countries. All these functions are performed by theHR manager to do work at the global level. In this way, IHRM manages employees of the homecountry, host country and third-country national at the global level (Jackson, Schuler & Jiang,2014). Further, various roles and responsibilities are performed by the HR manager in the organizationwhile conducting the business operation at international level which are discussed below. HR head is accountable to build and develop good and unique reciprocal relations withlabors to do work with more effectively and successfully. IHRM is responsible for recruiting, attracting and selecting the candidates to run theglobal business smoothly. It will help to reduce the employee turnover within theorganization (Cavusgil, Knight, Riesenberger, Rammal & Rose, 2014).They answerable for human resource planning, training, and development of theemployees in order to meet the long-term growth and success of the company at theglobal level. They are accountable to provide good remuneration, incentives, and compensation tolabors across the world. HR manager is also accountable to provide cross-cultural3

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