Importance of international HRM
Yes, I agree with the statement strongly.
International HRM is currently a global phenomenon due to the expansion of foreign business affairs. Most of the organizations are requiring a diversified workforce having different skills, experiences, and potentials. The adaptation of international HRM is an effective way to maintain workplace diversity. For example,- If Walmart aims to expand its business in China, the human resource management of the company should be adaptive to handling their staffs in China.
Moreover, it is a rational approach to establishing a business base in the international market. Importance of international HRM are mentioned below:
- Improves the experience of handling people from different socio-economic backgrounds.
- Enables organizations to expand business for the international market
- Opens up the opportunity to maintain organizational diversity by welcoming the internal staff for the corporate operations. For example- the human resource management of Apple Inc needs to adapt the international HRM policies to handle its staff in Australia, UK, and China.
Thus, international HRM has become a new global phenomenon.