2. “ Globalize Economy & Human Resource Management” by : Prof. BJ Lathi, Asst. Prof., IMR, Jalgaon. Prof. Mrs. Mamta Dahad, Lecturer, IMR, Jalgaon.

3. There is a Race… winning race for GOING GLOBAL… … with Synergetic Strategies, Competitive forces & Exchanges of Socio-Cultural strategies.

4. Global scenario of Mergers & Acquisitions 430 213 First 4 months of 2007 280 782 2006 180 467 2005 Business worth of $ (‘00000) No. of Indian Companies entered into M&As Year

5. First 4 Months No. of Indian Companies entered into M&As

6. Share of Indian Companies = 1.49 % i.e. $ 43 billions Total Global M&As in Billion $ in 2007 i.e. $ 2880 billions

10. Who will change the attitude of people…? Employee should go above & beyond the letter of their formal job description. Employee Job description… … bla…bla…bla.

11. International Financial Architecture vis-a-vis International Human Resource Management are required to meet the challenges of Globalization. Structural changes on Global horizon w.r.t. Economic, Financial & HR system means… … steady opening up of Goods & Capital markets. Due to this, trade has grown more than GDP.

12. One of the major benefit of Globalization is that… emerging markets has become the “ Global Trading Partners” as well as the recipients of “Financial Flows.” Take a case of “ India & China .” They are the sources of International Capital flows due to High Growth rate than High-Income countries .

13. Scenario of World Export over last 4 years

14. Alone country (no Integration) More Integration with the world at large Economic transactions, Financial transactions, & Human Resource transactions Spillover… to the rest of the world. Spillover of -

15. Global Horizon Earlier… Savings = Savings Savings = Investments (Local) + Savings Savings = Investments (National) + Savings Investment opportunities (across the Globe) to increase Economic efficiency & Promoting growth. After Globalization…spillover effect- Savings =

16. Q. Why developing countries are afraid of Globalization..? Research Employment relationships …not only Jobs but, Business, Profession, Entrepreneurs etc. Findings Human attitude

17. Global Economy Employment Relations Affected CHANGES IN MEANS Economic, Social & Political with the objective to study these changes INDIVIDUALLY & COMPARATIVELY

19. Human Resource Work Attitude Salary Now, Human Resource = Asset of TALENT Acquisition Development Retention Hunt TALENT TALENT TALENT TALENT Efficiency, Result etc. +ve, Group, Acceptance etc. Perks, At par etc.

20. Hence, Global Economy = Knowledge Economy Innovation Knowledge Wealth conversion process HR professional should… not just become a partner, but must be a PLAYER.

21. e i Economy of India … Hard protection shelf Before…Globalization After…Globalization e iG Economy of India … High Integration

22. Trade Sustainable Human Development Link… ? UNDP’s project & co-sponsored publication, “Making Global Trade, Work for People” explicitly attempts to place – “ Human Development issues” at the centre of the Multi-lateral trading system. A distinct niche contribution of UNDP’s multi-lateral trading program focuses on – Agriculture, Commodities, Special & Differential treatment for Developing countries etc.

23. Trade competitiveness – by overcoming supply side constraints. Trade agreements – w.r.t. poverty eradication & Human development. Policy integration – to help the poor by policy formation. Millennium Development Goals (MDG’s) of UNDP helps to strengthen Developing countries in 3 areas -

24. Knowledge is the most critical & most costly resource… which provides Highest returns & command Global reach (GOING GLOBAL). It says, Merchants have “ No Boundaries, No Nation” Finally, Changing Perspective of HRM.