International Journal in Management & Social Science
Year : 2016, Volume : 4, Issue : 6
First page : ( 850) Last page : ( 867)
Online ISSN : 2321-1784.

Challenges of Globalization: Effective Management of Human Resource

Dr. Mohan Alpana

Online published on 8 August, 2018.

Abstract

The present research paper is an attempt to analyses the changing dimensions of human resource management in the present era due to Globalization. Globalization symbolizes the structural making of the world characterized by the free flow of technology and human resources across national boundaries presenting an ever-changing and competitive business environment. A vital aspect of globalization is the way diverse challenges are being faced by nations in an increasingly inter dependent world. HRM is the function performed in organizations that facilitates the most effective use of people to achieve organizational and individual goals. The concept that ‘human resource’ is a valued asset that can help tide an organization over turbulent waters has been very aptly realized in the recent times of economic turmoil by businesses worldwide. There has been drastically change in the dimensions of Human Resource Management from the personnel management to e-human resource management and strategic human resource management. The research has tried to find out different dimensions in the human resource management function. It is review paper where secondary data has been used. First the human resource is the vital in the new era of globalization, a primary objective of this research paper is to present a conceptual framework for effective management of human resources as a response to the growing interaction of globalization and business performance. Second, research paper will focus the role of Psychology for fulfilling the strategic goals and especially during times of technological growth and development in the modern world of ever changing information and innovation in order to meet the challenges of globalization. The researchers have found that due to the challenges of globalization, the functions of HRM have now changed to large extent.

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Keywords

Globalization, Human resource management, Technology, Psychology.

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