Global HR: Practices and Challenges

Competition, coordination, maintaining creativity and excellence, local flexibility and the like are all attributes necessary for an HR manager at a time when his company has decided to "Go Global". The ever-expanding scope of global competition is forcing a continuous re-examination of how human resources can best support the rapid pace of business globalisation. With increasing globalisation, the thrust is now on competency-building and managing diverse cultures. Ultimately, the HR manager needs to understand the global perspective to make his organisation competitive, efficient and to satisfy the stake-holders. To be successful in the global economy, the people who run corporations must look beyond their own geographic boundaries and envision all possible business strategies. In order to survive and prosper in the new global competition, companies are embracing global integration and coordination, but at the same time they must push for local flexibility and speed. Global companies must first take care of the "hygiene" factors which will provide the comfort zone to enable a professional to concentrate fully on work in a foreign location. Success in building cross-border networks of relationships that are the core veins of effective global organisations is dependent on understanding and valuing cultural diversity. This book aims at enhancing global competencies and capabilities within the HR function so it can become a borderless business partner in exploiting business opportunities worldwide. This book will cater to the needs of global HR managers, HR consultants, multinational companies and companies wanting to go global.