International Human Resource Management Essay - 1485 Words

Introduction According to the definition provided by the academia education web portal, human resource management has replaced personnel management over the time period and it consist of various strategies, policies and processes. International Human Resource Management (IHRM) is a â€Å"Process of employing, developing and rewarding people in international or global organizations†. Types of organizations While concentrating on the IHRM in the vast developing economic nature, it is highly important to know the difference about the various types of organizations. The global companies are the ones which present in many countries by investing, and in the same time they market their products through the use of same coordinated image/brand in all†¦show more content†¦Education and skill level When dealing with IHRM we have to concentrate on the peoples’ education and skill levels. The education systems are varying from one country to another, as an example, high income country may spend greater proportion of investment on education but the children from the developing countries may not acquire adequate education and skill levels due to the unstabilized economic conditions and due to volatile nature of the society, such as diseases and war conditions. Legal and political factors There should be a stabilized legal system in the country and the business contractors may find difficulty in practicing the human resource management due to the internal political factors. In almost every country the laws applicable to the employment discrimination and sexual harassment is same, but in some instances the due to the religious and ethical differences employment discrimination may be an accepted practice (What is human resource web portal). Domestic versus international HRM We can highlight few important differences among the IHRM and the domestic HRM. According to what is human resource web portal IHRM addresses some extra activities than domestic HRM such as; international taxation, factors related to foreign currencies and exchange rates and advanced orientation activities for the internationally recruited new employees. The domestic HR managers have to deal with the employees in oneShow MoreRelatedInternational Human Resource Management945 Words   |  4 PagesIntroduction: Human Resource Management (HRM) involves all decisions that directly affect the people who work for the concerned organizations and corporate enterprises. Hence, HRM can be termed as a strategic and coherent approach to an organization’s most prized asset- the people working there, who individually and collectively strive towards achieving the organizational goals. In simple words, HRM means employing people, developing their capacities, utilizing, maintaining compensating theirRead MoreInternational Human Resource Management3101 Words   |  13 PagesContents 1. 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