CHALLENGES OF HRM IN A GLOBAL BUSINESS ENVIRONMENT: A REVIEW AND RESEARCH AGENDA (INTERNATIONAL APPROACH)
CHALLENGES OF HRM IN A GLOBAL BUSINESS ENVIRONMENT: A REVIEW AND RESEARCH AGENDA (INTERNATIONAL APPROACH)

Summary/Abstract: This paper explores the various challenges of HRM and its practice in a global businessenvironment. The roles and responsibilities of HR departments are transforming as themodern business faces pressures of globalization, hyper-competition in the markets, decliningmargins and changing consumer demands, workforce diversity, technological advancesand changes in the political and legal environment. Today, global HR managementhas become a front-and-center issue for a wide variety of firms. Many larger corporations,and even smaller ones doing business in key international markets, now havefull-time HR managers devoted solely to assisting with the globalization process. For theHR managers to thrive and be relevant in the global context, new roles and agenda forthe profession should not focus on traditional HR activities such as recruitment and selection,training and development, and compensation, but on its outcomes. There is presentlyan increasing interaction of national economic systems all over the world throughthe growth in international trade, investment, and capital flows. This interaction is aworldwide drive toward globalization and a globalized economic system. Globalization,an inevitable and irreversible force is a new reality in which HR practitioners, enterprisesand government are always on the lookout for new processes and innovations. This globalizationprocess, therefore, necessitates an investigation into human resource management.The paper utilizes the methods of descriptive analysis and synthesis of the scientificliterature and empirical investigation. The paper sums up with requisite conclusion and recommendations that will help HR professionals contribute positively to employees’well-being and meeting organizational targets in a global business environment.

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