Volume 19 No 6 (2021)
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IMPACT OF GLOBALIZATION ON HUMAN RESOURCE MANAGEMENT
Prof. (Dr.) Pranav Singh, Prof. (Dr.) Manish Dhingra, Prof. (Dr.) Vaishali Dhingra
Abstract
Globalization has a major impact on the management of human resources in developing countries. It has led to homogenization and convergence in organization strategies, structures and processes as well as in even in the management of human resources. Globalization has led to changes in organization design and organization structures are leaner thus improving efficiency but having a negative impact on staff numbers which have had to be reduced. This means employees have been retrenched in many sectors like telecommunications, the Railways and the public service sectors in order for those organizations to gain competitive advantage. Reward management systems have changed and even the human resources planning strategy is to have a leaner staff in the core areas and to hire part time workers in a bid to reduce costs and to enable the business to run profitably efficiently. The non –core jobs have been outsourced which has led to an increase in independent contractors to service industries. However, the homogeneity that results from globalization has had a major effect in developing countries because of brain drain. Globalization can therefore be said to have had phenomenal impact on a developing economy.
Keywords
Organization design, Organization structure, Developing economy, HR planning strategy.
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