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Human resource management: The creation of balance between standardization and localization in multinational firms

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documents in English
term papers
6 pages
General public
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  1. Introduction.
  2. Theoretical background.
  3. Factors driving localisation.
  4. Factors driving standardisation.
  5. Conclusion.
  6. Bibliography.

International human resource management systems remain as challenging as ever for many multinationals throughout the world. ?The challenge of many multinationals is to create a system that operates effectively in multiple countries by exploiting local differences and inter dependencies while at the same time sustaining global consistency? (Dowling, Festing and Engle 2008, p. 208). The need to establish consistencies between the local standards and worldwide standardized HRM practices is increasingly becoming a prerequisite requirement for multinational firms (Featherstone, 2003). Local differences and inter dependencies are mainly determined by local cultures while worldwide standardized practices are determined by globalization forces which, of course, are west driven. The underlying challenges of human resource management systems in different countries are defined by cultural differences (Holfstede, 1991).

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