IMPACT OF GLOBALIZATION ON HUMAN RESOURCE MANAGEMENT

Mr.shekharayya chikkamath &Mr.tarun jarakunti Dept.of commerce K.U.P.G Center Karwar

INTRODUCTION:

In the era of globalization, with the increasing competition, locally or globally, organizations must become more adaptable, resilient, agile, and customer-focused to succeed. And within this change in environment, the HR professional has to evolve to become a strategic partner, an employee sponsor or advocate, and a change mentor within the organization. In order to succeed, HR must be a business driven function with a thorough understanding of the organization dig picture and be able to influence key decision and policies

OBJECTIVES OF THE STUDY

1.To study the impact of globalization on Indian Human Resource Management. 2.To study the Challenges in Human Resource Management that Indian Industries are facing

 It

is valuable for practicing HR managers of every organization and also for those who have a significant interest in the area of Human Resource Management, to realize the growing importance of human resource and understand the need to build up effective HR strategies to combat HR issues arising in the 21st century.

CHALLENGES IN MODERN HUMAN RESOURCE MANAGEMENT:

1)Changing Workforce Dynamics 2)Changing Employee Expectations 3)Globalization

4)Managing Diversity
5)Outsourcing Human Resource

a) Making HR Activities Ethical b) Organizational Restructuring c) Work Life Balancing

The Impact of Globalisation on Human Resource Management

The concept of globalisation refers to an increasing flow of goods and resources across nationalborders and the emergence of a complementary set of organisational structures to manage the expanding network of international economic activity and transactions. Strictly speaking, a global economy is one where firms and financial institutions operate transnationally,

1)Human resource planning (HRP)

When there is a proper human resource plan in place, we will be able to obtain and retain the number of people we need with the skills, expertise and competencies required. Of late, a lot of teachers, doctors and nurses have left the country for greener pastures. This would not have been the case if human resources were properly managed. HRP will also ensure that we develop a welltrained and flexible workforce, thus contributing to the nation's ability to adapt to

Recruitment and selection

In this environment, the importance of finding the right person for the job cannot be over emphasised and the decision to appoint an individual is one of the most crucial decisions an employer will ever take

Training and development

Training will ensure that the employees develop the right skills, attitudes and knowledge that will enable them to perform their jobs effectively and efficiently India has to invest a lot in education and training. We have to draw lessons from the success of Japan and Germany, which have relied so much on the development of the skills, aptitudes and efforts of their people.

Reward management

The Indians leaving the country are doing so because of high wages offered by other countries. As a result of globalisation, there is now free mobility of labour. International companies can advertise through the Internet and recruit employees from across borders.

Management development

Managers should have a vision and should also understand what is expected of them and they should be trained to think globally and act locally The capabilities of any organisation to achieve its business strategies in the light of critical success factors for the business depend largely on the capability of its managers as developed within the organisation to meet its particular demands and circumstances.

Motivation

In order that we achieve sustained high levels of performance through people, they should be well motivated. This can be done through the provision of incentives, rewards, leadership and importantly, the work they do and the organisational context in which they carry out that work.

CHALLENGES OF HUMAN RESOURCE MANAGEMENT IN INDIAN INDUSTRIES

1)Maintaining Workforce Diversity 2)Managing EIS 3)How To Retain The Same Level Of Recruitment Even In Recession 4)How To Absorb All Recruitees 5)How To Motivate Employees 6)Performance Management 7)Career Development

Conclusion

Human resource management should take a new approach in this new environment brought about by globalisation. People should not be seen as a cost to the organisation but as a valuable assert which should be trained and developed to get the best out of them.

Thank you