Professional Documents
Culture Documents
The emergence of HRM doesnt limit in a single locality or domestic HRM but
it expand beyond thus we have the so called International HRM. International HRM
(IHRM) is the process of: Procuring, Allocating, and effectively utilizing human
resources in a multinational corporation, while balancing the integration and
differentiation of HR activities in foreign locations. Unlike, domestic HRM, IHRM is
much complicated for it encompasses more functions, more heterogeneous
functions, involves constantly changing perspectives, requires more involvement in
employees personal lives, influenced by more external sources involves a greater
level of risk than typical domestic HRM.
Forces for change for a single business to become Multinational Corporation
are global competition, growth in mergers, acquisitions and alliances, organization
restructuring, advances in technology and telecommunication
Operating human resources across geographic and cultural boundaries can
often prove difficult for business owners and managers. Several hindrances may
arise when a company tries to be a multinational corporation. Among these are
managing international assignments, employee and family adjustment, selecting
the right person for a foreign assignment culture, communication and gauge,
language and communication. Other International issues to be addressed by HR are
clarifying
taxation
issues,
coordinating
foreign
currencies,
exchange
rates,