International Human Resource Management Assignment - 1

International Human Resource Management - Assignment Example With internationalization of business, many experts feel that it will influence the HR practices of a company. The most common way in which business enters into global market are Joint Ventures (JVs), Multi domestic operations (MDOs) and strategic Alliance (SA). Such kind of businesses demands changes in organizational structures, communication across organisation, etc. To handle these issues the organisations need different HR approaches for managing such MNCs. Globalisation of business has affected HR managers more than any other functional heads (Davis, Kerr Von Glinow, 1987, pp. 486-495). Hence with increasing interlink of business across the nations, the HR managers need to give importance to International orientation of the employees. International human resource management is managing worldwide human resources like allocating appropriate resources to utilise their skills effectively. International Human resource management refers to the process of allocating, procuring and eff ectively utilizing the human resources of an international organisation. ... Hence new capabilities and knowledge are needed to be incorporated in the HR practices to make it work. Human resource incurs both cost and revenue to the company (Benson, 1978, pp. 21-37). Many international organisations are facing complications of dealing with many multicultural employees which are becoming an important contributor to their success. This need for human resource specialist is widely acknowledged not only for giant multinational enterprises but also for small enterprises. With economic liberalisation across Europe, reduction in the restriction on the labour movement across the European community, with the advent of new technology has all contributed to the importance of International HRM (Black, 1988, pp. 277-294). Companies now days are trying to invest outside their own country to gain competitive advantage. Due to such strategy they sometimes recruit the local staff or even third-country nationals, like individuals who are neither from home or parent country but from third country. Hence in this case it becomes important for the organisations to look at strategies managing these resources. The HR professional needs to have a deep knowledge of what will be the appropriate environment for such organisation to reach their objectives and goals. The problems faced by Sensortec Sensortec is a UK company set up in 2000 dealing mainly with development and manufacture of electronic sensors. They have their operations spread across three centres, one at Barking, the second at Stansted and another at Docklands. Each operating centre has different functions and hence their workforce supporting the operations is of different skill set. Sensortec is now facing increasing