Principles and Practice of Human Resource Management in Global Contexts

  Introduction   Human resource management (HRM) plays a vital role in economic growth by improving productivity, innovation, and employee satisfaction. Effective HRM practices can lead to higher levels of employee engagement, motivation, and skills, which in turn contribute to increased output and economic growth. Talent and performance management are linked to HR. HR wants to improve employee performance in order to influence business performance. It also wants to improve individual performance. The goal of talent management is to assign skilled applicants to managerial roles. assumed that managers with talent may have an effect on the success of the company. Because HRM seeks to influence firm performance, according to Wright & McMahan, (1992) paper in the Journal of Management. Human resources may also be the focus of capitalism's future phase. Because human capital may improve a company's performance, human resources are also its intellectual capital. indicated that...

  Introduction  Human resources are defined as firm's knowledge, experience, skill and commitment of the employees to the firm; their relations with each other and with others outside the firm. They are the most important firm asset, the ones that research, design, project and differentiate the firm from other firms Wright & McMahan, (1992) thus, argue that human resources have the potential to be sources of sustained competitive advantage, though they also note that to do so, the employees must be both highly skilled and motivated—that is, a high-quality workforce. Theoretical Insights The founder of modern management, well-known Peter,( 1973) has strongly said that business firm or any other institution has only one real resource – people. “... human resources have always been critical to the success of an organization, their importance has been always grown and this fact is recognized from within and outside organizations.” (Kutllovci, 2004). Strategic-level...

  Introduction Outsourcing has become growing in popularity as a result of companies' continuous efforts to save expenses, concentrate on strategic issues, and improve employee services, especially in the field of human resource (HR) outsourcing (Chiang, 2011). Despite their historical reputation as administrative units that performed administrative work, HR departments are becoming more strategically oriented in order to assist organizations compete and survive a variety of problems (Brarun & Alewell, 2011). Theoretical Perspectives and HR Outsourcing Relational exchange theory and transaction cost theory offer insights into organizational motivation for outsourcing in the literature on HR outsourcing. According to transaction cost theory, there are financial expenses associated with transactions involving two or more business enterprises (Williamson, 1975,1985). Why consider HR Outsourcing? First, let's examine some of the most typical HR issues that organizatio...

  Introduction A process through which one person helps another by purposeful conversation in an understanding atmosphere" is the definition of counselling. It attempts to provide a supportive environment where the person receiving counselling can communicate their ideas and emotions in order to make sense of their own circumstances, accept a new experience, view their challenge more clearly, and deal with it less tensely and anxiously. Its primary goal is to support the person in selecting the option that best suits their needs. How Important is workplace counselling for employees Employees start the job with a lot of responsibility, close deadlines, and conflicts between co-workers. These workplace issues, along with the current unstable economic and health situations, are an ideal environment for employee burnout, absenteeism, and loss of talent. For this reason, workplace counselling ought to be a fundamental part of any employee support program now more than in the past...

Introduction In the post-pandemic world, significant changes are taking place in the workplace. In order to properly support their employees and organization, companies are changing their basic infrastructure (policies, procedures, training, and technology) and reacting as needed—often at breakneck speed. To study the emerging trends in HRM               Figure 1 /Key HR developments                                                                             (SelectHub software,2024 )   1.Setting the hybrid work model for collaboration A flexible work paradigm takes into account the varied needs of the workforce. Consequently, in the future, the trend toward remote and hybrid work arrangements will only pick up steam. One benefit of hybrid and remote work...