Global Business Strategy
Human Resources Management
Human resource management (HRM) refers to the activities an organization carries out to use its human resources effectively (Hill, p. 564). This can include staffing, recruiting, performance evaluations, labor relations, management training and compensation. HRM influences the character, development, quality and productivity of the firm?s human resources. The HRM can help achieve the goals of reducing costs of value creation and adding value by better serving the customer?s needs, as well as the goals of the company.
The function of an international HRM is more complicated than that of a domestic HRM. What makes it more complicated The differences between countries in the labor markets, culture, legal systems, and economic systems often complicate matters. An expatriate manager can be added into the HRM functions. The expatriate manager is a citizen of one country who is working abroad in one of the firm?s subsidiaries (Hill, p. 564).
There are always legal risks involved in any company whether it is domestic or international firm. Legal risks may include in adequate contracts, lack of protection on property and employment issues. Legal risks might be defined as the likelihood that a trading partner will opportunistically
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