Challenges Poised by Globalization
Globalization and the proliferation of multinational companies have led to an international workforce marked by increased diversity. The dimensions of workplace diversity include age, ethnicity, ancestry, gender, physical abilities, race, sexual orientation, educational background, geographic location, income, marital status, military experience, religious beliefs, parental status, and work experience.
The success of global organizations depends on its ability to manage and retain diverse talent that applies innovation, creativity, and different perspectives to further organizational interests.
Major challenges to human resource management professionals owing to gloablizatrion of the workforce include:
- Instituting a collaborative culture that accommodates diversity and multicultural sensitivities, and yet remains an underpinning of the overall corporate culture and values.
- Thinking globally while acting locally, by understanding the culture of the region, and linking globally dispersed units while also adapting to the societal requirements of host societies. A manifestation of this approach becomes evident with the radical difference in the nature of union-management relations and collective bargaining processes around the world
- Greater awareness of international laws and multi-linguistic skills