International HRM Practices : Assignment

Added on - Dec 2020

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International HRM practices
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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