1. How GlobalizatIon effects HRM
The term Globalization has invaded the mind of every successful businessman and the concept of
Global Village is a common issue in the modern business world.
What really the globalization is? The answer seems simple "if a firm or an organization expands
its sales or production beyond the national boundaries, then it is globalization", but it does not
cover the real meaning of the term. Globalization actually means more, much more than that; it is
realizing that there is a big world out there, geographically, that reaches far beyond our
small community and that the world is getting closer to us all the time. Globalization is the
realization that ,whether we like it or not, this big world is becoming an ever increasing factor in
our daily lives
.The concept of globalization today has invaded the globe and the national boundaries have been
virtually eliminated. So what is the effect of this? Simple,the world today has became a small but
a very very complex and dynamicneighborhood. Today we live in a global village and this means
that our activitieshave crossed the national boundaries to become global
.
Globalization symbolizes the structural making of the world characterized by thefree flow of
technology and human resources across national boundaries presentingan ever-changing and
competitive business environment. A vital aspect of globalization is the way diverse challenges
are being faced by nations in anincreasingly inter dependent world. No country can meaningfully
progress todaywithout efficiently responding to demands and pressures generated by
internationalorganizations and processes.When going global, an organization has to reconsider
the following factors:
•
Employment Laws
•
Culture
•
Terminology
•
Corporate Social Responsibility