Human Resources

HUMAN RESOURCE MANAGEMENT

SUMMARY 2 (CHAPTER 5)

Kevin Vázquez Pardavila 2

        The Chapter 5 speaks about the nature of and the problems that are related to work force planning and staffing for global companies. Something that is already changing is the shift in the numbers of workers in MNEs from Western countries to emerging markets.

        On one hand there are some companies that need workers for going abroad for doing international assignments, and on the other hand there are some people that want to work abroad to develop their careers. The objective of global work planning is to estimate employment needs and to develop plans for meetings those needs.

        Human Resource Management has become really complex, meaning that nowadays there are a lot of variables that affect their work. For example, the HR management has to deal with a large number of languages, a lot of cultures and also they have to know about the different employment laws. In addition, they must find staff in whatever location they operate, knowing how to recruit and hire in multiple locations and cultures. It is said that in the future, the successful organizations will be those which can attract the best global talent, develop, and retain it.

        One big problem for the HR managers, is that there are a lot of information, but this information is not accurate at all. So, if they want to know how the labour forces in an emerging economy country are, maybe they will see that there is not accurate information about it. There is not information about the society, and the companies have to buy researching services to a professional consultant.

        In the developed economies, there is a problem with the age of the people. There are a lot of people who are already retiring and few young people. Whereas in the developing economies there are not a lot of old people, and there a lot of young people looking for a job without experience. Also another difference could be the employment of women in countries ranges, there are countries where the woman employment rate is too high and others where the woman employment rate is almost nothing.

        Something that is very important for those companies that want to do business in emerging markets, the IHRM’s role could be critical, meaning that they have to ensure a good local work force. IHRM has to prevent labour problems and provide information to their company headquarters about the costs of dealing with these kind of issues. Thanks of the globalizations, the technological advantages and the improvements in communications, now if one company needs to hire someone with a particular education with a specific skills, are available everywhere, making potential employees from all racial and ethnic origins and nationalities.