Contemporary issues in HRM Essay Example | Topics and Well Written Essays - 2250 words

Contemporary issues in HRM - Essay Example The human resource management requires fighting for the values, ethics, culture, in their organizations, especially in case of diversified working environment which takes place due to globalisation. Fluctuations in the economy, global advancement, workforce diversity and rapidly transforming business as a result of globalisation tend to generate many new challenges for human resource management. Recruitment and management of diversified workforce and checking the availability of skilled labour is another challenge faced by the human resource management. The objective of the study is to analyse how globalisation is leading to adopt standardised human resource management (HRM). The aim is to study the extent of national differences in human resource management as explained by culture and institutions and then draw a conclusion to the study. There lies a significant relationship between globalisation and standardisation. Standardisation of the human resource practices are considered much important and are considered as one of the most critical elements at workplace in the area of globalisation. The concept of globalisation existed for the past several years, but in recent scenario introduction of various technologies has led to the acceleration of globalisation (Friedman, 2007). In order to survive in the global competitive market human resource management is considered to be necessary. The requirement of structuring human resource systems worldwide has mandated the adoption of standardised policies and practices in the global businesses. There exists a lack of awareness in the field of awareness. In discussing issues relating to standardisation in the global organizations, it becomes very obvious for the executives to exhibit lack of awareness in understanding the critical needs of standardisation. Standardisation is e valuated as the vital component in the foundation of globalisation