An Overview of International Human Resource Management
AN OVERVIEW OF INTERNATIONAL HUMAN RESOURCE MANAGEMENT
Dr. Ashish Mathur, Associate Professor, Department of Management Studies, Lachoo Memorial College of Science & Technology, Jodhpur Ms. Vandana Gupta, Assistant Professor, Department of Management Studies, Lachoo Memorial College of Science & Technology, Jodhpur Abstract Human resource is one of the most important elements of any organization. The profitability and success of any organization upto much extent depends on its human resource (men/ employees). Human resource is one of the 5Ms (Man, Money, Machine, Method, Material) of management process of production, but truly speaking among these 5 Ms only Man is capable of mobilizing all other resources. Man combine with the remaining Ms helps in making the successful completion of any activity. With the emergence of “global village” concept many issue arises in human resource management and now a days a new concept is developing which includes the cross border human relations with regard to the organization. Now domestic HRM is converted into international HRM. This paper emphasizes on pros and cons of international HRM and how it aids to the improving performance of the organization. Key words: domestic HRM, international HRM, profitability. “You can take my factories and-burn up my buildings, but give me my people and I’ll build it right back again” - Henry Ford This statement is said by Henry Ford which totally reflects the importance of human resources in an organization. Human Resource Management (HRM) is the most happening function as of now. This is so because people offer competitive advantage to a firm and managing people is the domain of HRM. An organization enjoys competitive advantage when it is the only one which can offer a product at a price and at quality while its competitors can not do so (Ashwathappa,08). Globalization has afforded multinational and global corporations the...