This report provides a comprehensive overview of international Human Resource Management (HRM) practices, emphasizing their crucial role in gaining a competitive advantage in the global market. It highlights how effective HRM practices enhance employee knowledge and motivation, aligning them with market demands. The report delves into key HR functions such as recruitment, stressing the importance of hiring individuals who bring value to the organization through internal and external sourcing. It discusses fair compensation strategies, underlining their role in employee satisfaction, retention, and productivity, and explores various monetary and non-monetary compensation methods. Furthermore, the report examines performance evaluation techniques, focusing on their impact on setting performance standards, improving communication between supervisors and employees, and enhancing customer service. It concludes that these international HRM practices are essential for the continuous growth and global expansion of organizations, summarizing information pertaining to the three HR practices such as performance evaluation, recruitment and fair compensation. Desklib provides this and other solved assignments for students.
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