International HRM Report: Global Context and Business Relationships

This report provides a comprehensive overview of International Human Resource Management (IHRM). It explores key aspects such as training and development, emphasizing strategies like diversified teams and international assignments, and highlights the benefits including increased employee engagement and motivation, while also acknowledging limitations like high costs and time constraints. The report also delves into fair and performance-based compensation, outlining pros like reduced employee turnover and cons such as potential negative competition. Furthermore, it examines the importance of inter-business relationships in HRM, discussing the advantages and disadvantages of collaboration with market competitors. Finally, the report addresses key issues in a global context, emphasizing the need for adaptable management and employee skill development, and concludes with a summary of the discussed practices. The report includes references to scholarly articles supporting the presented information.

INTERNATIONAL HRM

INTRODUCTION
 International human resources management is the process, procedure,
allocating or utilizing human resource overall with having the global
business while for achieving the goals and objective.
 While because of the global business context which might be lead for
having the three dimension and that could be important for having the
better future aspects.
 This can be HR activities, types of employee and countries of having the
operation of the organization.

HR PRACTICES FOR
INTERNATIONAL BUSINESS
 Training and development at international business must be important
while for knowing about the various things and strategies in which the
business can make their goals and objective to be complete.
 The four strategies that the organization can follow or make while for
having the better development and make their growth for expansion
globally.
 This can be the formation of diversified teams, international travel,
training and international assignment.

Contd…
 Hence, this training have the main aim for gaining knowledge and make
sure about the thing that could play the important role for their employee.
 Human resources in organization must know about their employee skills
and also make sure about those thing which might be important for them
in making their goals and objective.
 International business have make sure about those thing which could be
important well-developed for their employee.

BENEFITS FOR TRAINING AND
DEVELOPMENT
 Increased employee engagement and job satisfaction
Opportunities for learning and making the career decision that could include while
for making the career growth. Many of the employee thinks about their job
satisfaction in the organization and make sure about those thing which might be
important for them in having their development.
 Increased employee motivation
In having the proper training and development that could increase the motivation for
the employee. While for working at international business and make sure about the
improving the level of working.
 Improved knowledge equals increased profits
The skills that employee can learn while by having the successful training to having
the tangible benefits such as salary, improved process, fewer accidents and having
more customer satisfaction.

LIMITATION OF TRAINING AND
DEVELOPMENT
 High cost:-
While for employee training the organization must be required for
having the costs. In making the proper use of technology and make sure
about the various kinds of things that might be required for the training.
 Requires time away from work:-
In having the training they must be required to stop their work and have
to spend more time on training. Hence, this might be also not possible
for supporting the large amount of non-working hours towards them.
 Poor quality training lead for poor quality work:-
In case of the employee have the poor quality training for their work
that might be have the loss for their organization .

FAIR AND PERFORMANCE-
BASED COMPENSATION
 After the international business has hired the right candidate, then company
need to provide them compensation fair and equal.
 As workforce are the resources which will give value to the company so
every company want to retain them and they should also receive fair
payment for their work.

PROS
 As providing fair compensation will help company in reducing employee turnover
rate.
 High performer employees will not leave the organisation and retain for longer
period.
 It will also motivate other employees to work hard and get compensation.
 When employees will work hard then it will help company to achieve the goal
rapidly.
 It will also improvise image of the company in the market as more candidate will
want to work in the company which consider performance over contacts.
 It will be helpful in boosting employee morale and also provide long time
employee commitment.

CONS
 When company will pay extra then there are chances that bad employees
will discourage to leave.
 As employees who are not performing good will think that minimum
compensation is given to everyone by the company then why to leave this
company.
 Compensation can increase negative competition among the workforce and
not the collaboration.

INTER BUSINESS
RELATIONSHIP
 HRM is responsible for developing proper communication bridge with the
other market competitors.
 This is important step by HRM because it has to ensure that
organisational employees are being able to implement innovative
approaches within their working process and by making business
collaborations HRM can ensure that employees are being able to
experience the work culture of other market competitors.
 For achieved by the employees which full motivate them to evaluate the
variations within working process and implement changes.

CONTD…
 Advantage
It alone employees to evaluate the working process within
companies from external environment which will allow them to learn new
knowledge and develop proper understanding about various alternative
approaches to accomplish specific target.
 Disadvantage
Since employees are collaborating their working patterns with
others from market competition therefore there are high chances that
critical information can be leaked.

KEY ISSUES SURROUNDING OF HRM
IN GLOBAL CONTEXT
 Human resources management seems to be important while for having the
better development and make sure about their growth in which they can
work.
 International business must be important for having the expansion and that
might be playing the important role for having the high importance in their
business.
 If organization make their business globally than human resources
required to have their change their management and make sure about the
employee skills and knowledge about the various things.