Table of Contents INTRODUCTION..........................................................................................................................1 TASK 1............................................................................................................................................1 a) Analysis of HR implications of organizational expansion strategies.....................................1 TASK 2............................................................................................................................................3 a) Complexities involved in the designing of a reward package for an expatriate employee.....3 b) Reward and compensation practices offered by HSBC in two countries...............................4 CONCLUSION & RECOMMENDATION....................................................................................5 REFERENCES................................................................................................................................7
INTRODUCTION International HRM practices consider as set of activities which focus on managing entire activities of human resource at global level with the aim of attaining set goals and objectives. Mainly, it is based on the way through which company can easily set their business at international level for achieving competitive advantage from its rivals. It also defined as an appropriate collection of practices that used by the international enterprises to manage employees whether they are local or non-local. As per current scenario, due to increased globalization various companies operate their business at international level with the aim of attaining global status. Present report is based on HSBC, is famous British multinational banking and financial service company which offer their services in over the world. In addition of this, company has approx 3900 offices in 67 countries. HSBC is world's largest company and serving their services to more than 38 million customers worldwide. For expand their business at global level, HSBC use various ways such asMergers and Acquisitions, Wholly owned subsidiaries. Both are help company to enhance their global status and competitive image at international market (Briscoe, Tarique and Schuler, 2012). As it also affect the HR function of company. Along with this, various complexities are also mentioned in this report which involved in the designing of a rewards package for an expatriate workers. TASK 1 a) Analysis of HR implications of organizational expansion strategies Every organization want to expand their business at global level with the aim of enhancing their brand image. For this, company used several stages of development for attaining global status. In context of HSBC, it operate their business worldwide and serving number of customers in various countries. In this, company can use various organizational expansion strategies to expand their business in another countries. These can be understood by following points: Merger and Acquisition:It is a process which involves combination of two companies into one. In merger the two companies gets mutually agreed and become equal partner in order to form new venture. Whereas, Acquisition take place when one company buys other company (Chung, Sparrow and Bozkurt, 2014). Here the purchase of company can be friendly or can be forcefully depends on situations. Benefits of adopting this strategy by HSBC company is that it 1
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