The document discusses the challenges that globalization poses for human resource management. It defines globalization as the increased openness of economies to international trade, financial flows, and foreign direct investment. Some of the key human resource challenges discussed are diversity recruitment to relate to an increasingly diverse customer base, the need for professional development and training to gain new skills for the global marketplace, managing laws across different jurisdictions to avoid legal issues, developing work place flexibility including virtual offices, needing language capabilities or translators to work with international employees, developing a global workforce and managing cultural differences to promote diversity.

1. Globalization and
Human Resource Challenges

2. • Globalization- many interpretations
• Core economic meaning- the increased
openness of economies to international
trade, financial flows, and foreign direct
investment
• Concerns with globalization center around
the unevenness of the process, and risks

3. • Globalization provides opportunities for
businesses to invest in foreign markets and to
gain access to new capital.
• Globalization is not new, though. For
thousands of years, people—and, later,
corporations—have been buying from and
selling to each other in lands at great
distances.
• Such as through the famed Silk Road across
Central Asia.

4. • increases in cross-border trade, investment,
and migration
• opened economies domestically and
internationally.
• Technology has been principle driver of
globalization.

5. Human Resource Challenges

6. Diversity Recruitment
• companies of all sizes are now interacting
with customers and stakeholders from
diverse cultures, languages and social
backgrounds
• Companies engaging in this diversity
recruitment recognize the value of having
people on staff that their customers can
relate to, and they know that having a team
of diverse people contributes to the range of
ideas and influences within the organization.

7. Push for
Professional Development
• Professional development is concerned with
providing employees opportunities to achieve
their career-related goals
• Professional development is important to
globalization because it creates a win-win
situation.
• Likewise, the organization benefits from the
added skills and connections that the
employees who take advantage of professional
development programs acquire.

8. Greater Emphasis on Training
• tends to be focused on the needs and
professional competencies of groups of
employees within the organization
• his emphasis on training seeks to give
the company a competitive edge in the
global marketplace by honing the
employees' diversity emphasis.

9. Management of Laws Across
Jurisdictions
• understand and apply the laws of many
different jurisdictions to the particular
business
• Understanding laws is vitally essential to the
organization because any breach of them will
have a serious impact not only on the
business's financial well-being but also on its
reputation.

10. Work Place Flexibility
• ‘virtual office’ is characterized by creative
and flexible work arrangements.
• there will be an increase in emphasis on
performance and results as opposed to the
number of hours worked.
• In addition, off-site employees can expect to
attend fewer meetings.

11. language capabilities
• in order to recruit employees from other
cultures, HR managers will either have to
learn new languages or else they will
certainly have to have foreign speakers on
staff.
• It will increase their cost of business.

12. Global Business
• concept world trade knew a major growth
during the last years
• They will be required to develop and manage
an international workforce
• keep top management informed of the costs
of not paying attention to the transnational
issues and provide their services to a variety
of locations world wide.

13. Cultural Differences
• Organization must take into account cultural
differences that shape managerial attitudes,
when developing multinational management
programs.
• They must be familiar with and understand
other cultural norms to promote organization
diversity.
• With increasing globalization and
competition within the market, a diverse
workforce is conducive to attracting and
retaining a strong client base

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