The Role Of Globalization In HRM

Rich and industrialized countries are magnets for labor migration, with development of globalization it is becoming more easily to access for working in these countries. The local conditions for workers in their countries are also important. Because as causes of labor movements there are push and pull factors. Push factors are about origin country, such as overpopulation, few jobs, low wages, political problems. Pull factors are about destination country, such as more and better jobs, higher wages, “better life.” Globalization also means moving internationally more easily which is accelerate factors for labor migration.

Diversity when properly managed and implemented, contributes immeasurably to the growth of a business. As such, prioritizing diversity in business activities as a social responsibility does not only benefit the community the business is located but also promotes growth within the business environment. Diversity has been seen to be the premise for a healthy human reproduction and development. It is also needed to complement the ever increasing rigidity and interdependence that exists in the global business environment. Nielsen and Nielsen, 2013 postulated that “global firm have been shown to perform better because of diversity.” But they further explained that the management of diversity is very crucial as the world is increasingly becoming interconnected and complex.

Management is about: Order & consistency, protecting the existing structure, systems, traditions and the status quo, the belief that past success gives insight into the way forward and relying on accumulated facts. Vs. Leadership, which is about: creating change, vision, direction, organisation, values and destruction of the way we have always done it. A managerial culture emphasizes rationality and control; weather the manager’s energies are directed towards goals, resources, and structure or people a manager is a problem solver. From this perspective, leadership is simply a practical effort to direct affairs and to fulfill the task.

Globalization is defined as the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets (Merriam-Webster). It also can be looked at as how organizations have an impact internationally. When money is involved, so are politics. Due to the implementation of globalization around the world, developing economies saw a great increase in exporting cheaper goods, because they were opened to new markets (Collins). While these foreign nations benefited, much of the American population was at a disadvantage.

First, “Social well-being is associated with the extent of labor market integration: unemployed than employed, temporary than permanent, and temporary agency employment than fixed-term employment workers are more likely to suffer social exclusion.” Second, “The association of labor market integration and social well-being is partially mediated by the economic situation, social resources and social status.” Lastly, “Individuals who are both affected by employment insecurity and relatively little economic resources shows higher levels of perceived social exclusion than individuals experiencing employment insecurity, but having more economic resources.” Dependent variables are social exclusion and well-being. Independent variables are the degree of labor market integration (or the degree of employment security) and economic resources. Data of the empirical analysis is from the household panel study, ‘Labour Market and Social Security’(PASS). They

The effective leaders utilizing different leadership’s theories to change the style of organization. Today’s global market is changing very quickly, so leader is very clever to measure the thing rightly and response on these changes very quickly. In this type of situation applying a right style help a leader to become more

It provides an effective way for Virgin Atlantic to improve their performance that allows them to deliver the best result possible. Besides, the managers practice transformational leadership style. When human resources are used as a tool, the managers will assist their employees to adapt to changes. The managers emphasize on the independence of the employees. They give their employees autonomy to make their own decisions and gave them the mean to implement them; yet, they pay a great deal of attention to overhead and cost levels at the same time.

Increasing globalization requires more interaction among people from diverse cultures, beliefs, and backgrounds than ever before. People no longer live and work in an insular marketplace; they are now part of a worldwide economy with competition coming from nearly every continent. For this reason, organizations need diversity to become more creative and open to change. Therefore maximizing and capitalizing on workplace diversity has become an important issue for management today. Companies need to focus on diversity and look for ways to become totally inclusive organizations because diversity has the potential of yielding greater productivity and competitive advantages.

Furthermore, human capital is not only about education or job experience, in fact, many other factors such as health and personality traits like determination are highly likely to change an economy circumstances. Thus, it is important in all aspect of our lives. By implying this to our recent social daily life, technology affected productivity the most. This is because as we move deeper and deeper into a knowledge-based economy that depends on information, knowledge and high-level skills. Thus, human capital will become increasingly important.

Because some people argue that globalization help poor countries to become economically good state & make their living standards improve ,while others arguing that the creation of the free market concepts enable developed countries to make more money at the expense of poor countries resources, labour & cultural unbalances. So some part of the world helping globalization concepts & others resisting the concepts of globalizations, Actually most of them trying to see a balance between pros & cons of the globalization for example governments trying to manage the trading concepts based on the governmental objectives by creating new