HRM 3430 Study Guide - Final Guide: Ethnocentrism, Costco, Extraversion And Introversion

• School: York University
• Department: Human Resources Management
• Course: HRM 3430
• Professor: Althea Gordon

Document Summary

Key challenges influencing international hrp ->entering a new markets forces firms to face socioeconomic, political & tech. challenges (workforce diversity, hr(cid:495)s role, flexibility, security, employment legislation,) Workforce diversity -accommodate for an increasingly diverse labor force & tailor international hr policies / practices. Diversity issues in canada = high # of older workers, disabled employees, gender inequality, ethnic/cultural differences. Increased complexity needs hr managers to redefine their role & outsource some of tasks to specialists. Hr dept. is often understaffed, underfunded, and have little key decision-making power. Flexibility = ability to respond to various demands from a dynamic environment. Security = consider the security of employees overseas (increasingly unsafe) Strategic international hrp = forecast global competence needs, project global competence supply, create a blueprint to establish competence pools. Strategic ihrm = hr issues, functions & policies/practices resulting from strategic activities of multinational enterprises and that affect their international goals.