International Human Resource Management (IHRM) : Assignment
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Added on 2020-04-21
International Human Resource Management (IHRM) : Assignment
Added on 2020-04-21
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11/15/2017Student NameINTERNATIONAL HUMAN RESOURCEMANAGEMENT IHRM
IHRMContentsIntroduction................................................................................................................................1Purpose of Assignment...........................................................................................................1Brief Introduction of the company.........................................................................................1Background of the chosen country under subsidiary.............................................................2Job design & structure................................................................................................................2Hofstede National Cultural Dimension..................................................................................3Power distance (PDI)..............................................................................................................3Individualism (IDV)...............................................................................................................3Masculinity (MAS).................................................................................................................4Uncertainty Avoidance (UAI)................................................................................................4Long-Term Orientation (LTO)...............................................................................................4Organisation Structure...............................................................................................................5Recruiting & staffing process.....................................................................................................6Training & development process...............................................................................................6Give Introduction....................................................................................................................6Pre-departure Training............................................................................................................6Overseas Assignment.............................................................................................................6Remuneration package...........................................................................................................6Conclusion..................................................................................................................................71
IHRMIntroductionInternational human resource management refers to managing human resource from a widerange of cultural, religious and national backgrounds. As companies go global, morecompanies are outsourcing and hiring professionals from international markets for theirqualifications and skills (Harzing & Pinnington, 2014). As a result, certain countries likeSingapore developing a rich diversity of skilled professionals from across the world whichmakes it important for the businesses to manage each of the employee’s needs. Humanresource managers must, therefore, take certain aspects into consideration such as employee’scultural, religion and nationality into consideration to help them a better manager andcoordinate the diverse workforce. Cultural diversity also tends to attract universalism whichresults in businesses and consumers adopting universal approaches of living. But this alsomakes it more difficult for the business to expand on the global market due to certain marketsbeing highlight restrictive which results in the business needing to make major modificationsto its human resource and management approaches. Purpose of AssignmentThis research paper examines ABC restaurants’ international expansion strategy and shallreview important points linked to benefits and obstacles the businesses is likely to face willbe highlighted (Briscoe, Schuler, & Tarique, 2012). The report will help the business adoptimportant approaches and strategies the help Jack's Place achieves success while expandingon the international market.Brief Introduction of the company ABC restaurants & Cafe is a Singaporean restaurant which is planning to expand itsoperations globally. The business was established in 2014 by Jack Dowson and has managedto expand its operations by opening 16 outlets in Singapore. The Asian market offers hugepotential for food and beverage industry but it’s critical for businesses to adopt effectivemarketing and innovative strategies so as to tap into some of the markets. Today India andChina have grown to become attractive markets for more global brands but businesses alsorequire to make major modifications to their products and human resource managementpolicies before considering the enter the market. With a majority population consisting ofHindu’s and Muslims, ABC restaurants will require making some major modifications to itsoperations and policies before entering this lucrative market (Khanna & Palepu, 2010). Othermajor food chains such as McDonald's have also had to make major modifications to their2
IHRMmenu making it necessary for ABC restaurants to also consider change and modificationsbefore entering the Indian market.Background of the chosen country under subsidiaryIndia current ranked as the 2nd fastest developing economy globally and is ranked as thesixth largest economy by nominal GDP. India has ranked 141 positions with regard to PerCapita GDP and 123rd per capita GDP making index the third-largest economy bypurchasing power parity and among the most attractive markets for any brand to expand intoday. This is due to the low costs of living and low manufacturing costs resulting in theirbeing more liquid cash among citizens to spend (Enderwick, 2012). This surplus income andfinancial stability have resulted in many preferring international brands which have helpedmajor brands register huge success in the Indian market. India also boasts of having thesecond largest population globally which is a major asset for any business. A largerpopulation means the business has access to mare customers in a single market thus moresales and profits. A stable political environment and favourable investment terms and policiesmake the Indian economy a market every business wants to enter. With a growing middle-income group, the number of consumers in India who can afford branded products is risingmaking the market more attractive for international companies as compared to Europeannations which are currently experiencing a financial crisis (Kuil, 2008). But to enter theIndian market ABC restaurants must be able to address important human resource concernsrelated to culture, religion and human resource expectations.Job design & structureABC restaurants are a globally recognized steakhouse specializing in the sale of grilled andBBQ steak products thus the business falls under the food and beverage industry. The foodand beverage industry is among one of the only industries which are considered to berelatively stable as most people are willing to spend their money on food and dining (Daft &Marcic, 2010).ABC restaurant is therefore heavily dependent on the human resource to manage the differentpositions where staff requires handling the perishable products and ensuring they are safe forconsumption. In addition to handling there are aspects such as transportation, handling,storage, preparation and serving which all required being properly managed to ensure thehighest levels of Highline are maintained.3
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