Multinational Human Resource Management

Globalisation has provoked some interesting speculation on the part of enthusiasts about a globalised economy in which distinct national economies are subsumed into region-states and companies follow the same set of best practices, adopt a convergent model of organisation that leads to a process of homogenization in their behaviour and a deterioration of national management models. When the multinational firms employ human resources from different countries they have to submit to the restrictions concerning cultural differences. This compendium is an attempt to show how the human resource management administrates these cultural differences. World economies are more connected now than any time before undergoing the positive and negative effects of globalisation. The increasing rate of deregulation in almost all industries along with the elimination of boundaries between countries led to higher collaboration on the international level. Movement of capital has been facilitated by the advent of a more flexible global framework adopted by countries worldwide. Consequently, organisations expanded beyond geographic borders to seize growth opportunities on the international level, creating MNCs. Within this context of expansion and growth, scholars and management professionals are investigating the opportunities and obstacles to manage a diversified workforce with the goal of increasing overall organisational performance. Multinational Human Resource Management provides a comprehensive, international perspective of the consequences of internationalization for the management of people across borders. The text contains chapters to offer students an up-to-date and thorough understanding of the essential elements of international human resource management. It explores these roles by focusing on the way in which HRM practices come about. Especially in a MNC setting of increasing internationalizations of firms the issues of coordination, shared learning and standardization versus leeway for adapting to the local context (customisation) are important. The books comprehensiveness is evidenced by its broad and global coverage. This book will appeal to advanced graduate students and PhD students and other researchers that will allow them to get an up-to-date overview of the area.