Global Human Resource Management: Ensuring a satisfied global workforce

Global Human Resource Management: Ensuring a satisfied global workforce The advent of Globalization has paved way for organizations to increase their workforce diversity and in their attempt to go global, these organizations have created a multicultural and multilingual environment. As organizations become a global entity, they are interlinked through a global network that spans beyond geographical boundaries. To keep these organizations functional in such a multicultural workforce demands a human resource solution that is effective globally.

A global human resource management is one, which gives the domestic touch to the human resource management in the host country despite maintaining an international feel. The primary role under such circumstances is to ensure that the global identity of the organization is not lost in an attempt to meet the local appeal. HRM policies should thus be in tandem with and support the firm’s strategy, structure and controls. Other objectives of global HRM should be to create awareness of cross-cultural sensitivities among managers and staff across geographic boundaries. Further while considering the staffing policies organizations can opt for either an ethnocentric, polycentric or geocentric system. However, a geocentric one seems the best option with competent personnel holding key positions irrespective of the nationality.

A geocentric workforce ensures the organizations of the best results work wise. But these multinational organizations need to adopt consistent HR strategies, one that would cater for the global compensations benefits, seamlessly integrate employee on boarding, global payroll solutions, and retirement programs. With human resource management for the globally bound organizations becoming the key issue, the leading service providers offer customized solutions. Through a structured approach, and their specialization in design and delivery of global compensation packages, the leading service provider strikes the right chord in developing a sustainable solution.

With the ever-expanding business market and entry into newer market segments, the global organizations are required to handle multiple compensation policies apt for each location. The tie-up with leaders in the field of global compensation, employee benefit services and HR policies will help these organizations go a long way in providing human resources, payroll services and employee health care benefits as well as support the diverse and demanding needs of a globally mobile workforce