MBA 7008 - HRM in Global Context: Cyprus, Australia & Turkey Analysis

This essay provides a comprehensive analysis of Human Resource Management (HRM) practices in Cyprus, Australia, and Turkey, comparing their labor markets, employment demographics, and specific HR practices. It delves into the governmental, political, and economic systems of each country, examining the scope and form of public sector employment. The essay also explores the terms and conditions of employment, including working hours and legal frameworks, and contrasts the management styles prevalent in each nation, highlighting the cultural influences on these styles. Furthermore, the trade union history of Australia and Cyprus is discussed. The analysis concludes by positioning Cyprus in a global context, noting its growth phase and international interest, and providing a list of references.

Critical analysis of HRM
Name of the student
Name of the university
Author’s Note

Objectives
- To understand the corporate structure of the Cyprus in
comparison to other European economies.
- Labour history of the countries.
- Management style being followed, the labour union history,
and much more.

Cyprus labour market

Employment data/demographic of Cyprus

Employment data/demographic of Austalia

Employment data/demographic of Turkey

HR Practices of Cyprus
It depicts out the competence among the employees and the
required behaviors that are essential by the company to meet its
strategic aims.
To make the employee align with the activities of the
organization in order to make them more interested towards the
organization.

HR Practices of Australia
• The performance appraisal system is processed on a central
basis.
• Favourable working conditions, the code of ethical conduct
and equal opportunities issues are managed centrally, with
very less involvement of ministries.

HR Practices of Turkey
HRM practices are marginally linked for planning and
reporting.
The process of hiring, recruitment, contract extension,
management of the employees and dismissal are taken care by
the ministry.

Government, Political ideology and
Economic system of Cyprus
• Cyprus is an open, free-market economy. The economy
went down through a shrinking stage in the era of early
2012-2014 such that it resulted in the fall of GDP resulting
in -2.5% in 2014. It was due to the exposure of the national
bank system, and the financial crisis that the region was
facing.

Government, Political ideology and
Economic system of Australia
 Turkey growth in terms of trading activity is very poor. The
annual trade balance that stays in an account reflects a deficit
balance.
 The commodity being exported are classified as machinery sold
to other manufacturers, and commodities used by consumers.

Government, Political ideology and Economic
system of Turkey
• The economy of Turkey is recovering from the recession (2015-16). Despite
the impact of the oil production cuts on revenue, the country’s external
position solidified in 2018.
• The economy of Turkey is recovering at a very fast pace. The recession
period of 2015-2016 brought about a huge effect in the country. The
changes took place because of the higher oil prices, and because of the
effective policy response.