2 research outputs found
A Conceptual Analysis of Global Human Resource Practices: Challenges and Prospects
With the advent of globalisation, all firms, large or small
have become global, they ceased to be local. Even those
organisations who consider themselves immune to transactions
across geographical boundaries are connected to the wider network
globally and this has encouraged many multinational companies to
extend their operations to other countries by establishing subsidiary
companies in other countries. For these companies to do well, sound
human capital management practices must be embraced. This paper
therefore examines the conceptual analysis of global human
resource management practices, it functions and challenges. It is a
conceptual paper that is based on review of scholarly articles.
Objectives of the paper include; creating a local appeal without
compromising the global identity; generating awareness of crosscultural
sensitivities among managers globally and hiring of staff
across geographical boundaries; and upon cultural sensitivities,
training and development for the host communities. It is therefore
concluded that success lies in a firm’s ability to build a unique
competitive advantage against others. This competitive advantage
will last longer if it is within the human capital of the organization
rather than just a technology that others can buy. To become and
remain competitive globally, it is recommended that a multinational
enterprise acquaint itself with the various environmental settings
that are likely to inhibit its success and design ways to beat them in
advance