HRM386InternationalDimensionsofHumanResourceManagementFACULTYOFBUSINESSStudyGuide*HRM386*InternationalDimensionsofHumanResourceManagementHRM386StudyGuideFacultyofBusinessWrittenandcompiledbyDrChrysGunasekaraUpdatedbyJayMyersProducedbyDivisionofLearningandTeachingServices,CharlesSturtUniversity,Albury-Bathurst-WaggaWagga,NewSouthWales,Australia.FirstPublishedDecember2010UpdatedOctober2015PrintedatCharlesSturtUniversity©CharlesSturtUniversityPreviouslypublishedmaterialinthisbookiscopiedonbehalfofCharlesSturtUniversitypursuanttoPartVBoftheCommonwealthCopyrightAct1968.ContentsPageTopic1IntroductionandtheculturalandorganisationalcontextsofIHRM3Topic2IHRMincrossbordermergersandacquisitions,internationalalliancesandSMEs9Topic3Sourcinghumanresourcesforglobalmarkets13Topic4InternationalPerformancemanagement19Topic5Internationaltraining,developmentandcareers23Topic6Internationalcompensation28Topic7Internationalindustrialrelationsandtheglobalinstitutioncontext33Topic8IHRMTrendsandfuturechallenges38OverviewofthesubjectWelcometoHRM386,andtotheinterestingandtopicalareaofinternationalhumanresourcemanagement(IHRM).AsglobalbusinessisdominatedincreasinglybyemergingeconomiessuchasChina,India,SouthAmericaandAfrica,theimportanceofcapablegraduateswithagoodknowledgeofIHRMwillincrease.Thissubjectcriticallyexaminestheactivitiesandpoliciesofhumanresourcemanagementinthecontextofinternationalbusinessoperations.Inparticular,itexploreshowhumanresourcemanagementispracticedinmultinationalorganisationsinthecontemporaryglobalbusinessworld.Italsoidentifiestrendsandfuturechallengesthatarelikelytohaveanimpactoninternationalhumanresourcemanagement.LearningOutcomesUponsuccessfulcompletionofthissubject,studentsshould:beabletoexplaintheroleofInternationalHumanResourceManagement(IHRM)insustainingthegrowthofinternationalbusinessactivityandglobalisation;beabletodrawcontextuallyappropriateconclusionsastotheculturalandorganisationalapplicationsofIHRM;beabletoevaluatesourcing,traininganddevelopment,compensationandtheperformancemanagementofhumanresourcesforglobalmarkets;beabletoevaluatetheroleandcontextofinternationalindustrialrelations;andbeabletodetermineandexplorecurrentIHRMtrendsandfuturechallengesandapplythemtoacontemporaryworkplaceissue.Thesubjectwillcoverthefollowingtopics:IntroductionandtheculturalandorganisationalcontextsofIHRMIHRMincrossbordermergersandacquisitions,internationalalliancesandSMEsSourcinghumanresourcesforglobalmarketsInternationalperformancemanagementInternationaltraining,developmentandcareersInternationalcompensationInternationalindustrialrelationsandtheglobalinstitutioncontextIHRMtrendsandfuturechallengesBeforewebegin,pleasebeclearaboutthepurposeofthisStudyGuide.Thetopicsandthecontentofthissubjectwillfollowthetextbookquiteclosely.YouwillbeabletoreadtheStudyGuideandthenlookatthetextbookandbeabletoseeveryclearlinksbetweenthetwo.Thereareadditionalreadingresourcesprovidedforeachtopic,whichwillillustrateoneormoreaspectsofthetopic.TheStudyGuideisintendedtoguideyourreadingofthetextbookandtheadditionalresourcesprovided.TheStudyGuideisnotasummaryofthetextbookchaptersorthereadings–itisamapthatwillhelpyoutoseewhereyouaremeanttobegoing.Itisveryimportant,therefore,thatyoureadthetextbook,andkeepupwithyourinstructor’slectures.Wehopethatyoufindthissubjectinterestingandenjoyable....