Executive summary- International human resource management is the procedure of allocating, utilizing and acquiringpeopleinglobalbusinesstoachievestatedobjectivesandaims.Becauseof international context, global HRM is interplay of three elements, HR activities, types of workers and nations of operations. Due increasing of globalization, international HRM plays important role in achieving organizational goals, they will be ready to move business operations into another nations and effectively manage their people to achieve smooth operations of companies. It bears both strategic and functional resemblance to human resource management, functionally, it works almost same of functions as HRM, recruitment, performance management, training, selection, career management and industrial relations. Here, the current report is based on Mashreq Bank, they achieve its vision and mission with skilled labour who are able to contribute while gaining competitive advantages. Human resource management practice help firm to manage their workers at global level, they support to retain people for longer and sustain business within marketplace effectively. HRM practices is very important in context of company as it help to motivate staff and increase their performance better than before. Organization develop strategies to recruit and attract residential people towards business for purpose of getting skilled labour. Mashreq bank implement Agile system which is quite beneficial for them as it help to enhance staff performance as well as company for longer. Furthermore, company face challenges in international environment, through diversity training they overcome cultural differences and manage people effectively.
Table of Contents Executive summary-........................................................................................................................2 INTRODUCTION...........................................................................................................................4 A. Application of theory into practices............................................................................................4 a) i-Review of existing human resource management practices..................................................4 ii) Importance of HRM and its practices in company..................................................................6 B) i-Review of leadership theories..............................................................................................7 ii) Contingency theory of leadership in context of Mashreq Bank..............................................8 C) i-Challenges that firm face in international environment.....................................................10 ii) Strategies to retain and attract local talent.............................................................................11 iii) Cultural differences that results out of international and organizational plan to respond to chalenges....................................................................................................................................12 iv Critically synthesize different influence on behaviour in organization and its interface with management...............................................................................................................................13 D Analysing the best practice in IHRM.........................................................................................15 Describing other organization belong to same industry for their international HRM practices15 4. Conclusion and recommendations.............................................................................................17 Conclusion.................................................................................................................................17 Recommendations......................................................................................................................18 REFERENCES.............................................................................................................................20
INTRODUCTION The present study is based on Mashreq Bank it is located in Dubai, United Arab Emirates. It is one of the oldest privately owned bank in UAE, founded in 1967 as bank of Oman. It is considered as one of the first bank in this country to install ATM cash dispensers, first to issue credit and debits cards and very first to present consumer loans. In recent time, bank caters Islamic and conventional personal banking services to its consumers including loans, credit cards and deposits. The oldest local bank in nation, Mashreq bank has offered financial and banking services to a million of its consumers as well as businesses. Its was constituted in Dubai as bank of Oman, prior to knowledge of UAE. It has powerful corporate banking and retail presence throughout Persian Gulf with Branches in Qatar, Bahrain, Kuwait and Egypt. Its business network extends across country with 50 percent of household banking with firm. Bank also have consumers services centres in retail locations and one of the biggest ATM network in state. The mission of Mashreq bank is to delivery of extreme services, becoming clients primary bank, and to being preferred employer. Its vision of single-minded leadership and devotion differentiates from competition. Furthermore, the mission of company is t establishing good relationships with all its stakeholders. Bank have international activities, they have 12 overseas premises in 9 nations including United States, Africa, Asia and Europe. Bank employed 4,000 workers in their firm and provide all the facilities to them that will enhance their performance effectively. It is one of the biggest private sector bank operating in UAE and offer financial services through their 60 branches in Qatar.The Biggest private sector bank, will double their workforce from 400 people at firm services in Bengaluru to 800 in next 24 months. A. Application of theory into practices a) i-Review of existing human resource management practices Human resource management is strategic method to effective management of workers in company that help business to gain competitive edge while operating business at international market or across the world (Armstrong and Taylor, 2020). HRM practices include planning, selection,recruitment,training,development,performancemanagementandinductionof workers. In context of company, professional and experienced person hire new applicants within their business in order to deliver quality services and products to consumers. Training is one of the best human resource management practice, that help to enhance employee performance and
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increase productivity more than before. In order to develop skilled workforce and deliver better services, organization develop training session for their existing as well as new applicants at workplace. It helps to increase the capacity of people to adopt new technologies within banking sector and methods that enhance their performance level as compare to past few months. Training will help to increase skills of workers in performance of specific job within company, an increase in abilities usually supports increase in quality and quality of outputs. It is beneficial in context of Mashreq Bank and its staff, but training session required efforts to make it effective. Human resource management practice that company can utilized in order to retain professional people with them for longer. This activity improve staff job skills in their current position. Professional development support company succession planning strategy by creating future manager for higher level jobs and more accountabilities. Development is cost effective activity while training required a lot of money and time as well. Along within this, planning is also consideredasHRMpracticeswherenumber and typeof staff membersneededto accomplish their organizational goals. Planning helps management to analyse, gather and determine current as well as future needs within company. Human resource manager plan ahead in order to acquire things done by workers, it is also essential to plan to achieve organizational goals. Planning helps established the best procedure to reach at goals, with respect to HRM, this practice include determining personnel systems that will contribute to achieving of business objectives. Organizing is another important practices of human resource management, which firm utilize to betterment of business performance. Day to day work is allocated at workplace to every member as according to their abilities and skills integrated towards common goal. HR system implemented by firm- In context of company, Mashreq bank working in novel HR strategy to suite requirements of their ongoing digital transformation. As digital transformation becomes difficult in financial services sector. Bank started their branch transformation centring on enhancing consumer experienceandroundclockserviceswayaheadoftheirworkersinindustry.Company implement Agile human resource system within at workplace that help to change organizational nature effectively to one that is able to thrive and embrace in flexible, self organizing and collaborative changing environment. Agile software implementation is more than practices such
as test driven development, planning session and stand ups. The adoption of this system saw bank decentralizing enabler activities and creating nimble & dynamic team comprised of services, sales and products groups. Each unit is essentially self-sufficient, permit workers to take full ownership and accountabilities to deliver on consumers promise. One of the objective of Agile system is to improve workers experience through procedure system enhancements, improvement, empowerment and enabling of more transparency. Agile software break down project into managerial teams, that help employees to focus on high quality development, collaboration and testing. ii) Importance of HRM and its practices in company Significance and practices- Human resource management is practice of deploying, recruiting, managing and hiring an organization workers (Rees and Smith., 2017). It is really employee management within an importance on those people as assets of company. In simple term, it is the most effective function within firm concentrated on directing and selecting people who work in it. HRM deals with many problems related to performance management, safety, compensation, benefits, training, employee motivation and others. They play strategic role in managing people and workplace environment, it contributes effectively to overall business direction as well as accomplishment of their objectives. The issues sometimes rise up at centre of conflict between workers and management,speciallywhenworkforcefeelsthattheirrightsarebeingignored.Now, importance of good HRM is critical to synergy and productivity of work area. Their hard efforts mostly geared towards people management while enforcing firm and state law policies in context of labour management. In collaboration with recruiting managers of workers, human resource departmentprovidesleadershiptraining,schedulingassistance,teamworkmanagement, interview expertise, monitoring, selection and recruitment planning procedure. Statement of business issue- Whileoperatingbusinessatgloballevel,itisquitedifficulttomanageexisting workforce, it required a lot of efforts and planning. High employee turn over is one of the biggest organizationalchallengecanfacedbycompanythatdirectlyimpactonprofitabilityand productivity. In context of this, human resource management practices work effectively, because HR manager is able to keep everything better. To retain people for longer, effective HRM strategies and practices is required. Human resource department identify current needs to their
staff member, they are able to solve issue and communicate with people to understand their point of views. Performance management is one of the best HRM practice that human resource manager will use to reduce high employee turnover and improve the performance of workers at workplace (Schleicher and et.al., 2018). It provides structured plan for managing, developing and continuouslyimprovingstaffperformance.Itoffersthreecommonstagesforpeople development that help to overcome business challenge for better work. With first phase of this practice, department encourage their employees to perform much better than before. They provide training to people without making any differences that will enhance staff motivational level and drive towards decreasing high employee turn over. In context of same, skilled and knowledgeable people are considered as most important asset for company. Employee turnover is not good for them, HRM always try to keep their best labour with business and retain them for longer.Training and development is another human resource management practice which play important role in regards with above business problem. It helps people to acquire greater knowledge and skills to perform their job effectively, it will enhance performanceandmotivateworkerstocontributeinachievingorganizationalgoals.T&D programmes are designed for existing as well as new employees in order to enhance their knowledge, it caters job satisfaction to staff that helps to solve employee turn over issue stated above. Along with this, utilizing people to fullest and maintaining workers in company for long term is major practice of HRM, under this they are able to perform tasks like compensation, provide fringe benefits, rewards and training to deserving people. B) i-Review of leadership theories Leadership theories seek to define how and why some people become a leader, such theories focus on characteristics of leaders and some attempt to determine behaviour that individual can adapt to improve their own leadership capabilities in different situation at workplace (Palmer, 2018). Contingency theoryof leadership centre on specific variables related to the atmosphere or environment that identify which articular leadership style is suitable for workplace situation. It states that effectiveness of leader is contingent upon how its style matches to condition. It is not concerned with having person adapt to situation, more goal is to fit leaders style with compatible position. It is very important in context of business, because this theory provide leader a wide range of ways to act to issues, it will give them important discretion in their decision-making
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procedure. In simple words, contingency theory of leadership requires flexibility on part of leader to measure each situation and then make judgement unique to those conditions (Harrison, 2018). It helps to provide possible solutions and resolve business problems. By using this leadership style, leaders will respond to causes of staff problems rather than overreacting to issues itself. Instead of centring on outcomes of issue, leader who comprehend significance of contingency theory will able to understand all the influences that lead to critical situation. It will be used to develp leadership profiles for company in which few styles can be fit with conditions that have proven to be successful. Excellent leadership is not just about qualities and abilities of person, it is all about striking right balance between needs, context and behaviours. Behavioural theoryof leadership is really upon belief that good leader are made, not born. It is focuses on activities of leader, not on internal states or mental abilities (Malik, Saleem and Naeem, 2016). According to this style, individual can learn to become leader through observation and teaching. It is big leap from trait theory, in that it assumes that leadership ability will be learned more than being inherent. It is based on some principles that behaviour will be conditioned in effective way that one can have a particular response. It considers reactions and observational actions of leader in given situation, this theory is classified as such because they centre on study of particular nature of person. It also focuses on how person, assume and behave that leaders can be made, a leader nature is the best predictor of their leadership influence and as a outcome, is the better determinant of their leadership success. Furthermore, behavioural theory promote value of leadership styles with emphasis on concern for staff, it also helps to promote participative team development and decision-making by supporting people needs and aligning members & team objectives. It is developed scientifically by nature focused studies of leaders behaviour in conditioned. This behaviour centred method caters real marketing potential, this theory states that leader uses three skills or abilities to lead their team, these skills are technical, human and conceptual. It emphasizes point that favourable behaviour of person caters greater job satisfaction to employees, and they consider person as their team leader. ii) Contingency theory of leadership in context of Mashreq Bank Contingency theoryis suitable for company and beneficial for their international plan operating business worldwide with skilled people who are able to contribute equally in achieving business objectives & goals. This theory is dynamic in nature, so it modifies according to situations, it is appropriate for organization because it permits leader t change their policies
accordant to workplace environment (Hu and Gifford, 2018). While operating business at global level firm face difficult situation at work areas that impact on productivity and staff performance. It is very important to handle to overall condition effectively without taking too much time. For this, right leadership style is required that help to change workplace environment positively and support company to sustain for longer within market with talented applicants. In context of this, contingency theory of leadership is best, it provides option of people that helps them to progress as well as share their ideas or innovative thoughts to higher authority. It explains hierarchy of leadership that is applicable to firm, the overall concept if based on idea that there is always a least preferred co-workers based on their behaviour and personality traits at work. In order to become a leader within banking sector, it is important to retain people. Contingency theory helps leader of company to influence and guide team of people towards specific business objectives. The basis of this leadership theory is quite simple, it states that workers with different abilities will perform better in their respective areas. Organization leader with contingency leadership theory, is able to take decision after considering all the variables that impact staff performance. Applying this theory, require person to stay alert and avoid relying on policies, rules and tradition as only guides for their choices. When Mashreq Bank expand their business into new market, it changes the whole environment at work that impact on staff performance negatively. To improve worker morale, and productivity, leader understand significance of this theory and its positive implications at work area. In context of contingency theory factors, it suggests leader to take decision after considering all the factors that impact on staff abilities. The effectiveness of this theory extends to way leader think about consequences of direction and guidances as it relates to entire business. A leader action reflect culture, commitment to workers safely and well fare, branding position, profit orientation and consumers services attitudes of whole company. This style of leadership, make leaders able to take decision and solve issues based on how it will affect business. It is suitable for organization as it help to increase managerial discretion efficiently. Ne of the major factors of contingency theory of leadership for leader is that it caters them with far better discretion. Whether, people have flat or top Down organizational structure, they are capable for implementing decision and assuring that workers remain committed to particular goals. Because of this theory gives leader a large range of ways to solve issues or to take action against this, it also offer them important discretion in its judgements making.
C) i-Challenges that firm face in international environment There are a lot of challenges that companies faced while operating at international level, that affect success and growth of business. Understanding human behaviour is one of the biggest challenge that Mashreq bank will face in global environment that directly impact on sales and market revenue negatively. Sometimes it is difficult to understand workers behaviour, it creates challenge for HRM and organization. Without comprehend nature of staff it is impossible to retain them for longer. Employee behaviour is defined as workers reaction to specific situation at workplace. People need to behave sensible at work area not only to gain respect and appreciation from others but also to maintain positive as well as healthy work environment. The behaviour of workers is change that create problems for company in international environment. They want proper job satisfaction and healthy work atmosphere, without obtaining their needs worker do not perform effectively that impact on business profit margin. To work efficiently and overcome this challenge company have to understand their staff behaviour. When they comprehend their worker nature, it is easy for them to set better goals and obtain workforce to function at peak efficiency. A sophisticated comprehension of human behaviour will helps senior effectively harness staff motivation. Furthermore, when human resource management can interpret human needs within company, it can drive people towards fulfilling those needs and also talk out new plans to satisfy people. Range of people are working within Mashreq Bank, they had different needs and requirements in context of work. Like the above thing, it is also difficult to determine staff needs in international environment that define another challenges for company. Demands of workers are changes according to the situation, which need to identify by HRM. It is quite difficult to do that affect growth of business negatively and decrease its profit margin rather than before. It is long termed process that require a lot of efforts and times as well. Without determining the needs of employees firm will not be able to build strong team and gain competitive advantages. So it is very important to identify staff requirements. Physiological, safety, social, esteem and self actualizationarethedifferenttypesofemployeeneedsthatthewantwhileworkingin international environment. Identify needs of exiting staff will be more complicated, many of new generation of workers will be more difficult to enhance than their predecessors, this will in part be outcome of change in value system. To retain people human resource management will identify needs of staff instead of hiring the new ones. All above needs is important for growth of
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professionalandpersonalcareer,thatwillidentifiedbyHRM.Whentakingbusiness international, it is very crucial to consider how management will meet workers requirement for operating in foreign nation. ii) Strategies to retain and attract local talent Methods to attract residential people- To attract people Human resource management and its team member develop different types of strategies (Buch and et.al., 2017). The current job market is highly competitive, there are numerous vacancies every day, but how to attract potential applicant is big question. Strong recruitment strategy will help HRM to attract local people towards them. The current market is full of skilled and talented people, by creating effective hiring plan company is able to gain attention of people. Job seekers look for clarity in job marketing in term of profile, business history and career opportunities. HRM caters clear description of every required detail in job advertisements, they will clearly communicate job requirements and how one can benefit from this site. Human resource management residential people while using internet recruitment platforms like Monster and indeed that permits them to connect with wider swath of candidates. This strategy help to reach at wider area of people, internet is considered as global phenomenon, with more users obtaining access every day, while in most developed nations, it usage in extremely high. Campus recruiting is one of the best strategy developed by HRM to gain attention of skilled or residential people in pool of talent. The institutes or colleges are full of dynamic and young candidates who show immense enthusiasm in their work, it is the great way to recruit recent graduates. Strategies for retaining people- Employee retention is very important function of Human resource department, for this they are able to make effective strategies that helps to gain its objective (Huo, 2018). Providing rewards and benefitsisone of the best way of employeeretention.HRM consider the performance of staff and then take decision to pay rewards accordingly it not helps to retain people but also enhance the motivational level of staff rather than before. Insurance concerns and health care will support to keep people in their job, along with this benefit are actually beneficial matter, Salary matters a lot. There are many benefits will be gained with this strategy by human resource management, such as increase productivity. Recognition and rewarding tends to
enhance workers productivity at workplace, it makes people go extra mile. A base way only encourages a people to work at level that is needed of them, by creating rewards system HRM retain workers and improve their job satisfaction. It refers to the ability of company to maintain their workforce, in most instance it will be presented by simple statistic. Employee engagement in decision-making process is another strategy for employee retention, it stimulates team work morale and spirit for high performance. Because engaged workers are more connected to their work are, they are more aware of their surrounding environment. Employee engagement helps greater staff satisfaction that leads to employee retention. iii) Cultural differences that results out of international and organizational plan to respond to chalenges Organizational plan is to retain people and sustain business at global level effectively, cultural differences affect it. It refers to different beliefs, languages, behaviours and practices considered unique to staff members of specific ethnicity, national and race origin. Cultural differences in organization include varying expectation of physical contact and personal space. When company plan to established business into new market, the culture of that place is quite different from home country, which create problems for firm to understand human behaviour and their needs accordingly. In order to overcome these challenge, company had to respond quickly and effectively, they plan training and development sessions for existing and new workforce that help to reduce culture differences, help management to identify the needs of staff and also make them able to understand human nature. During training programmes, it is easy for human resource management to reduce cultural differences and enhance workers performance. Through this process, HRM allow people to understand the importance of cultural diversity. It is one of the best method that provide better results and create positive work culture within business. Cultural diversity in work area while operating internationally will provide benefits to firm as they can hire people from all sorts of different backgrounds, regardless of culture, race and religion. Another way to overcome these challenge is to assure there is an inclusion of individual of different cultural background in worker. Diversity training will potentially foster inclusive work culture, create new chances, encourage team work and leadership as well as thereby develop positive work culture (Barak,
2016). This training sessions will help current work force understand and clutch culture differences of their team members and co-workers e to embrace each other. Hence, accommodating cultural differences and commonalities is extremely essential to overcoming barriers. Furthermore,toovercomechallengesandreduceimpactofculturaldifferences, organization respond effectively, they can hire more people within business from local areas. With this plan, they can achieve objective of company and retain people which is quite beneficial for them. By working with local people, existing workers effectively understand the beliefs and norms of other people and work perfectly with them for longer period. iv Critically synthesize different influence on behaviour in organization and its interface with management Organization behaviouris all about the study of both group as well as individual performance and the activity within a firm. This also helps to provide an insight on how the employees behave and perform at the workplace and it assist to develop a clear understanding how to motivate employees and maintain long term relationship with an employees. Therefore, there are different influences on behaviour in an organization which are as mention below: Technology:One of the most important factor that directly influence the behaviour in an organization. Such that it provides the resources through which people work, but it affect the task which they perform. Though this factor gave both positive and negative influence upon the organization success, but the use of technology has a significant influences on the working relationship as well (Various influences on behaviour in organization,2019). Moreover,it is analysed that the great benefit of using technology is such that it allow people to do more and better work but on contrary, it also restrict people in different ways that creates negative environment upon working place. In this modern era, every companies uses advance techniques within a workplace in order to draw attention of many customers and also improve the operational performance as well. For example, Mashreq bank may use robots and automated control system that assist to save time and also reduce cost. Or else, quoted firm may also use mobile and digital banking services for their customers in which users may use mobile and digital platform to use banking services. While on the other side, it is critically analysed that use of automation may leads to loss in jobs and also, technology comes to threat of cyber attack as well. Thus, it influence on
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behaviour in organization and management should make sure that they will definitely hire new employees who have enough knowledge related to advance technology so that they will easily cope up with any issue. Environment:Every organization work within an internal and external environment and there are many system that also affect environment and as a result, it creates impact upon firm. Such that people think that organisation must be socially responsible, provide new product and accept changes quickly, but these all affect the behaviour within an organization and provide competition (Punjaisri and Wilson,2017). On the other side, sudden fluctuation in economy of the country will also affect Mashreq bank in opposite manner. Thus it affect the overall organization system in negative manner. On the positive side, it is also realized that sudden decrease in tax rate will help to strengthen the economy of a country and this in turn, helps quoted firm to improve the financial performance of the company. Therefore, in order to cope up with the situation, management of Mashreq bank should keep make new strategies that helps to overcome any external and internal environment within a firm. As it is analysed that these all creates direct impact upon the business and that is why, to balance these, company may easily develop plan and hire a team who support to overcome problem. Organization structure:The formal structure of an organization could define and influence the ways in which an individual as well as groups within a business may interact. Overall organization process are actually informed by leadership, management pattern as well as technology. Thus as a result, it has a direct impact on how candidate may perform activities in order to attain aim. That is why, it is analysed that if Mashreq bank follow hierarchical organizational structure than all the roles and responsibilities are assigned to each members and work will be easily done (Armstrong and Taylor, 2020). While on the other side, due to lack of leadership skills and low delegate authorities, the structure of the company may affected. In order to integrated with management and balancing these, leaders should adopt situation leadership style that helps them to adjust their style in order to fit as per the situation. This way, leader and manager may easily meet the needs and demand and provide positive working culture as well. Individual and group:People in an organization also influence the behaviour of a firm because they are the person who response in any situation and creates direct impact as well. Or
else, if their behaviour is positive then it will help to enhance their performance and productivity (Helmreich and Merritt,2017). While on the other side, Mashreq bank also have groups and teams who are especially introduce in order to attain define aim and objectives. However, it is critically analysed that if groups and individual are negative then it may lead to conflict and misbehaviour at workplace. That is why, management should take care of these and also make sure that all they keep motivating their employees in order to enhance their working performance. As a result, it will help to accomplish the overall aim and objectives in defined manner. D Analysing the best practice in IHRM Describing other organization belong to same industry for their international HRM practices International Human Resource Management is the process of acquiring and allocating and utilizing the human resource in international business in order to attain the defined aim and objectives. Therefore, there are many companies whose HRM system also used different strategies with special focus in compensation and performance management of expatriates employees, these are as mention below: Emirates NBD:It is one of the top bank in UAE who also provide range of services to their customers. There are around thousands of employees working within a firm and that is why, HRM system of the company is so strong. Further, this bank also comply with compensation strategies such that it provide benefit packages to their employees in order to provide extra wages and raise employee retention as well (Rahim, 2017). Moreover, HR of Emirates NBD's goal is to be competitive with health, retirement and tuition reimbursement because it may be consider as a determining factor that helps to generate good employee relation. HR of the quoted firm also provide four types of compensation i.e. hourly pay/ wage, salary, commission and bonus that helps to manage expatriate employees. In addition to this, company also provide effective training session to their employees in order to make their new employees comfortable within working environment. On the other side, HR mainly focus on performance management for that it introduce 360 degree feedback system in its working area. Such that this performance management strategy may easily assist to determine the current performance status of every employees and HR also consult with managers and then fire employees when their performance is not up to the mark. In addition to this, HR of
the firm also use peer review in order to foster effective performance management. It is a part of 360 degree review and it also help to allow coworkers to praise others and highlight the positive aspect as well (Rapp and et.al., 2017). Thus, it is observed that company's HR provide best facilities to their employees in order to attract international employees and Mashreq bank also provide this facility to their employees and also introduce strategies that helps to retain employees. National Bank of Abu Dhabi:One of the largest lender bank in Emirates of Abu Dhabi, UAE who have thousands of employees working within a firm. The bank is also deal at international level and that is why, the HR system of company is quite effective as compared to Mashreq bank. In the context of international HR practice, company's HR mainly focus on the recruitment and selection strategies in which they use external recruitment process so that they may hire new employees who have good skills. Bank also focus on foreign placements which is a demand on expatriate employees (Hillson and Murray-Webster, 2017). Thus, at the same time, employees also faces issue with regards to cope up with new culture, then HR of the firm is responsible to provide effective training session to their employees in order to adjust with the working environment. Thus, HR ofNational bank of Abu Dhabi followed these two main international practices. On the other side, while selecting candidate, quoted firm screening the employees for those traits which help to predict the success and identify their skills which are suited in new environment. Further, this method also assist to examine trait and extra cultural openness and family situation. Further, HR of the firm also focused upon the compensation strategies and for that National bank uses Balance Sheet Approach, in which each foreign employee enjoy same standard of living and company also pay equal to their employees. This will help to motivate employees to sustain the long tern relationship with company (Lopes, Antunes and Janda, 2020). Additionally, for performance management, company also set regular meeting in order to discuss the results by seeing whether the aim and objectives are attain or not. This will also help to keep attract new employees and also leads a business towards success. Union National bank:Another top bank who is working under banking sector which is located in 50 plus location and also offer range of services to individuals. Moreover, the bank have their own rules and policies, even HR of the firm also develop new strategies that helps to keep motivating employees. That is why, Union national bank have cross- cultural practices that
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assist employees to feel motivated. Such that HR of the firm also provide training session related tocrosscultureawarenessandthisinturnleadstoenhancetheproductionlevelwith productivity of employees. Moreover, company also provide best compensation facilities such that extra leave on monthly basis, extra incentives for achieving the target, internal promotion. Thesepracticesareespeciallydesigntokeepretainingemployeesandmaintainlonger relationship with others. On the other side, company also make effective planning in order to attract or recruit employees towards it (Perkins and Jones,2020). Further, HR of the firm first determine the skills of employees and through effective screening, they will hire the employees as per the ability. On the other side, the compensation strategy within a firm is localization which mainly involves paying salary that is comparable to those of local citizen. This strategy is also known as rate approach in which base salary for international transfer is directly link to salary structure in host country. Beside this, for these employees, Union National bank also sometimes used Balance Sheet Approach so that they will also enjoy the same standard of living (Cejka and Mohelska, 2020). Therefore, it is analysed that International human resource management are these set of activities whose main aim is to manage organizational human resource at global level in order to attain company's aim and objectives, also attain competitive advantage over competitor at national level. Thus, HR of every organization who are working in banking sector also have different HRM practice while on the other side, Mashreq Bank follows others. 4. Conclusion and recommendations Conclusion From above analysis it has been summarized that Mashreq bank motivate their workers and retain people by implementing different strategies, they focus on creating effective culture aroundworkplacethatenhancemotivationallevelbetterthanbefore.Humanresource management throughout their practices help to overcome above business challenges effectively that increase productivity and performance of company, it also helps to gain competitive advantages by developing skilled work force. Furthermore, contingency theory of leadership is appropriate for firm as it helps leader to take decision after identify entire situation because the judgement taken by them directly impact on staff abilities and morale. It has been concluded that
firm develops different strategies in order to retain people who are able to contribute in achieving business goals and also create plans to gain the attention of local talent such as advertising vacancies via using online platforms. Recommendations In order to change practices and perspective while managing human resource from domestic to multinational set up, it is recommended to the Marsheq Bank that HR must use effective and new techniques for training and development. Such that they provide online session to their employees because it will not affect the work. Moreover, they should more focus upon the employee compensation and also provide better paid opportunities that helps to manage employeeswithinaworkplace.HRofthefirmshouldkeepdiscussingtheemployee compensation with team in order to provide appropriate reward package. This will help to retain employees and also maintain long term relationship with a firm. On the other side, at multinational level, the recruitment criteria of Marsheq bank should be change such that they should conduct psychometric assessment that will help to determine technical skills among candidate and their level of presence. This assessment will also assist to identify whether the candidate is best suit for the company or not. Additionally, for reducing communication error between the managers and employees at workplace, it is recommended to the firm to use email system in which important notice may sent to employees (Nechanska, Hughes and Dundon,2020). This will help to improve the communication channel and also, there must be an open communication system within a workplace so that it will assist to determine the loopholes and issues face by company. When Marsheq bank will set their business at international level, company may face language barrier, cultural differences and management of employees. This will hamper the overall organization and also affect the workplace environment. At that time, HR of the firm should develop training session especially related to language issue and this in turn assist to make employees fit within the working environment and also determine workers needs as well. It is also analysed that when company set up at international level, it aces issues and this in turn also affect the overall profitability because company recruit employees at international level and their way of working is quite different from local. At that time, it affect the productivity level and this in turn leads to fluctuation in its financial performance. Additionally, company's HR has to develop new policies and procedures that assist to creates positive working environment
within a firm andorganize induction training that assist to leads the working environment for employees. In this way, the interactional nature of the company will affected in both positive and negative way, but may also try to provide best services to their customers by analysing their needs
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