Hrm Essay Example | Topics and Well Written Essays - 3000 words

Hrm - Essay Example The human resource policies help the organizations in demonstrating both externally and internally whether they are meeting the requirements for ethics, training and diversity as well as the commitments associated with the regulations or the corporate governance (Weick, 1995). The objectives of the project is To understand the importance of domestic human resource policies and multinational human resource policies. To evaluate the similarities between domestic human resource policies and multinational human resource policies. To evaluate the dissimilarities between the domestic human resource policies and multinational human resource policies. Definitions National human resource policy frameworks encourage and support the human resource development procedure within the domestic organizations. It enhances the role of the human resource development for increasing the knowledge and skills of the employees thereby developing higher workplace capabilities (Boddy, 2008). It provides framew ork for the complex functioning within the organizations. The policies help in the development of human resource materials for ensuring consistency and high quality performance. These policies are also effective in supporting and creating the required organizational culture. The human resource policies adapted by the multinational companies for expanding the international sales are known as multinational human resource policies (Rao, 2007). The growth of these organizations along with their expansion in the emerging markets includes immense pressure. It is very important for these organizations to recognize their human resources as they are equally important as the financial assets for maintaining sustainable competitive advantage. Most of the multinational companies do not have effective leadership capital that is required to perform with efficacy in the markets across the world. One reason behind it is the lack of the managerial mobility. It is here that the multinational companie s require human resource policies for solving various issues. The human resource policies help in ensuring that the careers of the employees are developed in terms of both employability and profitability. The multinational companies previously lacked the confidence in the functioning of the human resource department in screening, reviewing and developing the employees for the important designations within the organization. The human resource policies have set a systematic framework for the improved functioning of the organizations in all these aspects. The multinational companies have to adjust with the different cultures in various parts of the world. Maintenance of the policies mentioned in this systematic framework would help in the adaptation of different cultures and coordination with different people belonging to different cultures in various parts of the world. Similarities The human resource policies in domestic as well as multinational organizations have many similarities i n their framework as well as functioning. Based upon the goals, objectives and business strategies of these organizations, the human resource policies are framed for ensuring that the human resource has the talent of meeting the performances and objectives of the organizations. The successful companies, both domestic and multinational, hire their employees very selectively by sourcing the candidates from a wide pool of applicants and

Privatization in developing countries Assignment

Privatization in developing countries - Assignment Example They start to register losses and the management fails at delivering their goals (Gianaris 57). Each of the management cycle and rules comes with certain advantages and disadvantages; likewise the concept of privatization also comes with certain advantages and disadvantages. If we look at the pros we would conclude that privatization places its operations in the ownership of private enterprise, these are more responsive to customer services because they deal with great competition in the industry and they have to perform well to gain market share. The Government cannot take undue advantage of the industry and they are not bound to perform under limitations. Privatization also provides a one off boost of cash flows to the government and the same money can be invested in other projects or to meet short term liabilities. Privatization of the industry loses its monopoly and that is why the same product could be sold at a much competitive price with enough supply to meet the demand. Another advantage of the concept is it leads to innovation in the product and other features that le ads to a better understanding of the customer needs and requirements Few of the disadvantages that are related to privatization are the cost of transaction is too high, the public monopolies are now private monopolies and the competition is still less in few of the industries, Government privatizes its industries because they are short of cash flows or are high on debt and for that reason they sell their industries for a much cheaper cost and value than it would have been sold under normal circumstances, the private business closes down the operations which are performing well and so a lot of jobs are lost and sections are closed and the investment goes in the hand of few even though it is sold to a huge majority. Margaret Thatcher was one of those people who introduced