INTERNATIONAL HUMAN RESOURCE MANAGEMENT
The globalization of the business community and markets has created multinational corporations that rely on managers and others who have developed the skills necessary to conduct business on an international level. Because of this there have been many companies which have focused on career management, career development and management development as the core aspect of their human resource management programs. Human resource management (HMR) can be seen traditionally as a “comparatively new approach to personnel management which considers people as the key resource. It subscribes to the notion that it is important to communicate well with employees, to involve them in what is going on and to foster their commitment and identification with the organization. In addition, a strategic approach to the acquisition, management and motivation of people is heavily emphasized,” (McKenna and Beech, 1995: 1).
Career development is highly prized among the new breed of international managers because they need to be able to think and act across borders. More and more companies are starting to develop their talent from inside the company with a global approach to training and development. This analysis will discuss the new approach to career development that is occurring in many international companies. Career development will be defined and illustrated, including its connection to management development, career planning and career management. A conclusion will address why the older methods of resource management are being discarded and replaced with newer methods in an age of increasing competition.
Career development is for all employees but traditionally focused on upper-level management. However, in today’s world it is seen as being a valuable human resource tool that allows for dual growth in the process. This is because, if properly implemented, career development helps the emplo...