HRM Report: Analysis of International HRM Approaches and Practices
VerifiedAdded on 2020/05/11
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Report
AI Summary
This report analyzes the effectiveness of international human resource management (HRM) practices, focusing on the approaches outlined by Mihai, Băjan, and Creţu (2017). The report emphasizes the importance of HRM in multinational organizations and discusses three primary approaches: ethnocentric, polycentric, and geocentric. The ethnocentric approach prioritizes home country employees, while the polycentric approach focuses on host country employees. The report highlights the geocentric approach as the most suitable, advocating for recruitment based on skills and organizational needs. It further examines the advantages and disadvantages of each approach, offering insights for HRM professionals to improve recruitment and selection processes, and to refine existing policies based on the context of globalization and international business. The report aims to assist HRM managers in making informed decisions regarding their organizational requirements and strategies.
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