What is Global Human Resource Management?
Global Human Resource Management refers to the management of all aspects of the Human Resources functions of an organization, including recruitment, hiring, payroll, appraisals, strategic management operations, etc. on a global level. The immense technological innovations of the 21st century and the resulting boost that global businesses have taken due to it, it has become mandatory to provide efficient solutions to this global expansion in terms of workforce management, strategic management, etc. on all levels. Therefore, this mandates the availability of right HR solutions for handling business and serving the organizational needs and interests globally.
Global Human Resource Management functions as a benchmark for the organization to maintain an international level while keeping connected with the regional geography and catering to the local population.
The objectives of global HRM are:
- To bring the global quality to a local perspective and identity.
- To generate awareness of extra-regional perspective among managers.
- To facilitate training and development of local staff from a global perspective.