The Impact of Globalization on Hrm
The Impact of Globalization on Human Resource Management
Globalization refers to the interconnection among countries, politically, economically and culturally. Globalization has come into existence due to the following factors: (i) betterment in transportation and communication, (ii) human and capital mobility, (iii) increasing formation and existence of NGOs and multinational corporations.
Betterment and improved technology in transportation and communication across the globe has significantly reduced great distances and shrunk the world. In old times when people used to ride on camels or cover distances on foot, today, crossing the Pacific is just a matter of some hours and you’re on the other side of the world! Planes, trains, cars – all have come into existence due to improved technology. Similarly, if we go back in time, when the only means of communicating with another person was via letters or a messenger would be sent to convey something, today, we see the increased usage of mobile phones, video conferences, fax machines, email etc. which has helped cut down costs and distances between continents. This has thus made communication much easier, faster and reliable.
Human mobility refers to the movement of people to developed places in search of shelter (moving out of dangerous places), a means of earning (jobs) or for settling (a new home). Migration commonly occurs between developing countries where people find a greater chance of earning a living.
Capital mobility refers to the investment of people in developing countries where economic conditions are better off. Thus these developing countries have become a hub for investors as chances of growth and success are ever-increasing.
Dissemination of knowledge has played a vital role in the formation of globalization. The more knowledge spreads, the more awareness is created among people, resulting in better technology, improved communication, migration, growth and ultimately globalization.
NGOs are
Globalization refers to the interconnection among countries, politically, economically and culturally. Globalization has come into existence due to the following factors: (i) betterment in transportation and communication, (ii) human and capital mobility, (iii) increasing formation and existence of NGOs and multinational corporations.
Betterment and improved technology in transportation and communication across the globe has significantly reduced great distances and shrunk the world. In old times when people used to ride on camels or cover distances on foot, today, crossing the Pacific is just a matter of some hours and you’re on the other side of the world! Planes, trains, cars – all have come into existence due to improved technology. Similarly, if we go back in time, when the only means of communicating with another person was via letters or a messenger would be sent to convey something, today, we see the increased usage of mobile phones, video conferences, fax machines, email etc. which has helped cut down costs and distances between continents. This has thus made communication much easier, faster and reliable.
Human mobility refers to the movement of people to developed places in search of shelter (moving out of dangerous places), a means of earning (jobs) or for settling (a new home). Migration commonly occurs between developing countries where people find a greater chance of earning a living.
Capital mobility refers to the investment of people in developing countries where economic conditions are better off. Thus these developing countries have become a hub for investors as chances of growth and success are ever-increasing.
Dissemination of knowledge has played a vital role in the formation of globalization. The more knowledge spreads, the more awareness is created among people, resulting in better technology, improved communication, migration, growth and ultimately globalization.
NGOs are
References: Internet sources: * Professor R.S.S Mani – ‘Discuss the Impact of Globalization on HR’ http://en.allexperts.com/q/Human-Resources-2866/IMPACT-GLOBALISATION-HR.htm * Hazel Gachoka Gachunga – ‘Impact of Globalization on Human Resource Management Function In Developing Countries: A Case Study of Kenya Public Corporations’ http://ajol.info/index.php/kjbm/article/view/43822/27340