Practices in International Human Resource Management Essay

Practices in international Human Resource Management - Essay ExampleOne specific example of a acquire which has jumped on the bandwagon is Asea Brown Boveri (ABB). ABB is a merger of three nations including Sweden, Switzerland and the United States. It has employees in more than one hundred forty countries, an executive team composed of Swedes, Swiss, Germans, and Americans, and a head office in Zurich. A former ABB prexy said that the conglomerate is an alliance of national companies with a worldwide organizational hub.There ar real similarities among nations but their also great differences. 2 Some are economically advanced while others are under political dictatorships. Some amaze citizens who are educationally and socially adept while others have people with minimum literacy and social skills development.Along with this line, human resources practices evolve to cater to the employment of individuals who come from versatile geographical locations, cultural heritage, and et hnic background. The challenge, however, is how to make things work under this specialized set-up in terms of which principles to follow in the entire human resources process of selection, recruitment, compensation and benefits, and career planning. This endeavor is very important considering that maxwell insists that the more people are developed, the greater the extent of the company achieving its dreams, goals, and objectives. 3The Human Resources Department (HRD) is immediately faced with looking for the right people who can run the global race. Most of the time, the preference is to exit the local nationals or the citizens of the host country in which the company is situated. It is like a Canadian working(a) for an American industry in Canada. The employee then is called a host-country national.In this way, labor cost is much cheaper compared with having to necessitate an discharge (somebody living in a foreign country) who could either be a third-country national (a citiz en of a country differing from the home or host country) or a home country national (an expatriate who is a citizen of the country where a multinational company is headquartered) to fill in the position.