Managing Global Human Resources

9 Pages 2374 Words

nes the other factors – political-legal, economic, and education-human capital factors. Culture affects human capital, because if education is greatly valued by culture, then members of the community try to increase their human capital. (Noe, Hollenbeck, Gerhart, and Wright; 537) Economic conditions vary also from country to country. Many lesser-developed nations are receptive to foreign investment in order to create jobs for their growing populations. In many developed countries, especially in Europe, unemployment has grown, but employment restrictions and wage levels remain high.
The internationalization of U.S. corporations has grown than the internationalization of human resource management. International human resource management differs from domestic human resource management in several ways. In the first place, it places a greater emphasis on functions and activities such as relocation, orientation, and translation services to help employees adapt to a new and different environment outside their own country. Assistance with tax matters, baking, investment management, home rental while on assignment, and coordination of home visits is also usually provided by the human resource department. Larger corporations have a full-time staff of human resource managers devoted to assisting globalization. For example, McDonald’s has a team of HR directors who travel around the world to help country managers stay updated on international concerns, policies, and programs. The human resource department in an overseas unit must be particularly responsive to the cultural, political, and legal environments. Companies such as Shell, Xerox, Levi Strauss, Digital, and Honeywell have made a special effort to create codes of conduct for employees throughout the world to make certain that standards of ethical and legal behavior are known and understood. (Sherman, Bohlander, and Snell; 633)
A growing number of organizations that operate only withi...