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Globalization in HRP
 

Globalization in HRP

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Globalization project for Human Resource Planning course

Globalization project for Human Resource Planning course

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    Globalization in HRP Globalization in HRP Presentation Transcript

    • GLOBALIZATION
      THE IMPACT ON HR
    • AGENDA
      Key Facts
      Three Types
      Advantages & Disadvantages
      EnvironmentalFactors
      Class Involvement
      Summary
      Sources
    • KEY FACTS
      DEFINITION: Globalization is the economic, social and cultural connectivity with people in all parts of the world. It also refers to the growth in flows of trade and financial capital across borders”
      The concept was first introduced when countries first started trading with each other
      The corporate world started vastly using this term with the introduction of the internet and global connectivity
    • THREE TYPES
      Import-ExportFirm
      Multinational Enterprise
      Global Firm
    • ADVANTAGES & DISADVANTAGES
      PRO’S
      CON’S
      Goods and people are transported with more ease and speed
      Free trade between countries increases
      Mass media connects all the people around the world
      Decreases Brain Drain from countries
      Increases diversity and culture
      • Increasing work intensification, as well as reducing job security and work/life balance in developed countries such as Canada
    • ENVIRONMENTAL FACTORS
      Economic Climate
      Policies and Legislation
      Factors
      Technological Factors
      Demographic Factors
      Social & Cultural Factors
    • ECONOMICS
      Labour Costs
      Global Unemployment Rate
      Foreign Direct Investment
      International Trade
      State of Economy
    • POLICIES AND LEGISLATION
      Complyingwith Labour Laws
      Health and Safety Issues
      Conditions of EmploymentPolicies
    • TECHNOLOGICAL
      CostsIncurred
      Time Spent for Compatibility Reasons
      Training Costs
    • DEMOGRAPHICS
      Populations
      Immigration/ Migration Rates
      Age Structures
    • SOCIAL & CULTURAL
      Pre-Globalization = Independent & Unique
      Post- Globalization = Integrated
      Cultural Differences
      The Handshake
      Dog Chow
    • WhatWould You Do?
      Here’sWhatWeDid: For Economics
      Unemployment Rate reflects Compensation
      FDI in India & China
      Possibly setup factorieswithinIndia & China for lower labour costs
    • WhatWould You Do?
      Here’sWhatWeDid: For Policies and Legislature
      Revisepolicies, procedures and practises
      Recruit a Specialistfrom the Country to assistwith the development of CorporateStrategy
    • WhatWould You Do?
      Here’sWhatWeDid: For Technology
      DevelopCorporateStrategies to OvercomeBarriers
      Encourage a Diverse Workforce
      Have Consistant Policies
      Implement an Organizational Information System
    • WhatWould You Do?
      Here’sWhatWeDid: For Demographics
      Populations higherwithin select countries- USA, India, China
      Surplus of immigrants
      Understandage gaps within P&G
      Employ international employees for diversity, knowledge/skill and cultural awareness
    • WhatWould You Do?
      Here’sWhatWeDid: For Social and Cultural
      Develop a Mentoring Program
      Embrace Culture
      Human Resource CouldPropel the Acceptance of Diversity
    • Summary
      Three Types
      Advantages and Disadvatages
      EnvironmentalFactors
      Economic Climate
      Policies and Legislation
      Technological Factors
      Demographic Factors
      Social & Cultural Factors
    • SOURCES
      Friedman, T. (2005). The World is Flat: A Brief History of the Twenty-First Century. New York, NY.
      International Labour Organization. (n.d). Unemployment, structural change and globalization. Retrieved from http://actrav.itcilo.org/actrav-english/telearn/global/ilo/art/10.htm
      Lin, J. (2010). Globalization: after the recession. Retrieved from http://globalpolicy.org/globalization/globalization-of-the-economy-2-1/general-analysis-on-globalization-of-the-economy/48585.html
      Population Reference Bureau. (2010). World population data rate. Retrieved from http://actrav.itcilo.org/actrav-english/telearn/global/ilo/art/10.htm
      United Nations Conference on Trade and Development. (2009). Global foreign direct investment now in decline. Retrieved from http://www.unctad.org/Templates/webflyer.asp?docid=10930&intItemID=1528&lang=1
    • THE END of the world as we know it.
      ANY QUESTIONS?
      Christine Donovan, Greg Lewis, Leigh Preece