The globalized workforce HR challenge: It then needs to establish protocols that are customized for each region and communicate these protocols throughout the organization and across its supply chain. In response to this imbalance, Goldman Sachs is promoting underutilized female talent in South Korea.
The food facilities management company Sodexo identified a need for diversity and inclusion across itsemployees from North American to China. Making the business case for CSR Corporate social responsibility is among the top challenges companies face when expanding into new markets, especially in developing regions.
Identifying the desired skills and finding them in a pool of candidates is a significant challenge for HR, especially when entering new markets and geographies. HR-led teams need to assess the complexities of bringing together workforces with often dissimilar societal and corporate cultures.
Management may also choose to impose cultural elements, such as giving back to the community consistently across the global organization. Business practices that are acceptable locally are frequently at odds with the values of the company and the laws of its regulatory agencies.
Adapt Your Strategy or Fail, This section presents the challenges human resources managers face when ensuring that their organizations succeed in the global environment. When US pharmaceutical Upjohn merged with Swedish Phamarcia AB, no one foresaw the resistance to company-imposed policies such as alcohol-testing and smoking, which resulted in cost overruns, a slowdown in product launches and the eventual sale of the company.
Business technology consultancy Infosys decided to hire Chinese graduates and started by inviting and teaching a select group of Chinese students English at its office in Mysore, India, allowing the company to source workers from a neighboring country cost-effectively. Preparing a new set of globally prepared leaders Cultural diversity is frequently seen as a challenge, but it also provides great advantages.
The challenge for HR is to gain a detailed understanding of local environments and their accepted business practices. Incorporating the human capital opportunities and risks from operating abroad into corporate strategic decision-making Workforce opportunities are marked both by steady improvements through the political machinations that open trade across borders and enable cross-border migrations, and by sudden and often unexpected changes such as the relaxation in relations between the United States and Cuba; conflicts in Syria, Iraq and Ukraine; and dramatic swings in oil prices.
In addition, they need to understand how to manage and integrate multicultural employees. This is compounded in a global workforce that combines differing management and work styles based on individual cultures.
In South Korea, only 60 percent of year-old women are contributing to the workforce owing to social pressures, resulting in senior-level positions being exclusively filled by men.
Demographic as well as cultural diversity will continue to define the global workforce as companies seek to fill shortages, gain market efficiencies and acquire strategic assets.
Balancing corporate and societal cultures while promoting diversity Some cultural attributes, such as a command-and-control management style, can be modified to fit local cultures, while others, such as integrity and human rights policies, cannot be compromised.
The challenge is to identify the right job roles, incentives and retraining opportunities for each worker while avoiding age-discrimination practices.
It developed training programs that resulted in significant numbers of women, youths, people with disabilities and indigenous workers productively joining its workforce across the globe.
For example, a culturally diverse workforce may come up with more creative and innovative solutions to problems, because each person brings more unique perspectives and experiences to the table.
To avoid coming skills shortages, HR can expand its use of analytics such as gender and other diversity metrics to further understand the make-up of recruits and provide matching incentives. Yet laws regarding these workers differ from country to country.
Keeping up-to-date with ever-changing and complex labor laws in each country and region will continue to present a constant challenge beyond the traditional visa issues, local versus foreign worker regulations and migration laws. Developing practices for promoting collaboration among diverse workers and communicating values and policies across countries and ethnicities will be important to driving success within global organizations.
HR faces the additional challenge of demonstrating to the company how good CSR policies strengthen the brand, increase customer loyalty and boost shareholder value. This paper has shown how and why workforces will continue to comprise these differing attributes, as well as the advantages and pitfalls.
Aberdeen Group, a provider of business research intelligence, found that successful organizations are taking a holistic approach to recruitment that includes company branding, screening, assessment, hiring and onboarding, with technology helping at each step.
Guiding corporate strategic decision-making HR challenge: Staying within laws HR challenge: The company cannot change anti-bribery policies, but it may choose to change its dress-down-Fridays rule.
Governments and companies are creating accommodations such as day-care centers and flexible working hours for women, but taking advantage of a gender-diverse workforce requires an understanding of how to attract women into the workforce and providing rewards parity.The paper explored the globalization concept, how developing countries view globalization, benefits and challenges of globalization and then a few lessons learned from the study.
The data and information that was used in the study was gathered from the existing literature, books, journals, news papers and internet search.
Globalization Essay Examples. total results. The Komatsu Ltd. Company and Globalization.
words. A Study on Globalization and the Challenges of a New Country. words. 1 page. An Examination of the Term Globalization. An Analysis of the Impact of New Technologies and Globalization on Organized Criminal Groups. Globalization Challenges in Project Management Abdulrazak Abyad Director, American University of Technology challenged by globalization, is looking for new, more ef-fective methods of managing projects and managing project- in one country, virtually useless in another (Hall,).
Challenges for human resource management and global business strategy More than ever in history, companies and organizations today face both the opportunity and the challenge of employing global workforces that diverge.
Top Ten Global Economic Challenges: An Assessment of Global Risks and Priorities. Globalization and the Challenge for Developing Countries Shahid Yusuf World Bank DECRG June Research Manager, Development Research Group, World Bank. The paper draws upon some of the research done for the World Development Report / which was directed by the author.
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