Human resoure management report topic the future of hr & the globalization

Therefore, globalization creates opportunities and challenges for countries in human resource development, especially in developing countries.. The competition is getting fiercer on a g

AN HOA SEN

VS UNIVERSITY

MINISTRY OF EDUCATION & TRAINING HOA SEN UNIVERSITY FACULTY OF ECONOMICS & MANAGEMENT

HUMAN RESOURE MANAGEMENT REPORT

Topic:

THE FUTURE OF HR & THE

GLOBALIZATION

Lecturer: Nguyễn Ngọc Uyên

Student Group: Group 3

1 Phan Thanh Truong 22000257

2 Nguyễn Thiên Ngân 22013949

3 Đào Xuân Mai 22001046

5 Võ Nguyễn Thảo My 22011682

MINISTRY OF EDUCATION & TRAINING

UNIVERSITY FACULTY OF ECONOMICS & MANAGEMENT

HUMAN RESOURE MANAGEMENT REPORT

Topic:

GLOBALIZATION

Lecturer: Nguyén Ngoc Uyén

Student Group: Group 3

1 Phan Thanh Trường 22000257

2 Nguyễn Thiên Ngân 22013949

3 Đảo Xuân Mai 22001046

5 Võ Nguyễn Thảo My 22011682

12/2021

ASSIGNMENT TABLE

e Introduction

Phan Thanh Trường |22000257| ° Conclusion 100%

e Fix report

e Additional ideas for report Nguyễn Thiên Ngân [22013949] , pạr 1 100%

V6 Nguyén Thao My |22011682) | pay 100%

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RECOMMENDATIONS OF LECTURER

INTRODUCTION

Nowadays, HR is one of the professions that are receiving more attention in

many places, especially the Z generation Over the past 5-10 years, we've seena faster rate of change than we've seen in the past decade As in the recruitment methods, the candidates almost no longer have to fill out dozens of pages of

resumes, but can apply from anywhere, anytime via Facebook, Linkedin, or

recruitment websites Over the past year, the Covid-19 Pedemic have created barriers to international recruitment activities, making talent acquisition one of

the hardest hit HR functions all over the world

But in the future, things will gradually change and globalization will continue to

change and change that will greatly affect the future of HR Facing this change, it

is important for us to understand to be able to adapt in the future environment,

for this reason, today our group has decided to choose to research and do the topic “The future of HR & the globalization” to understand more as well as

apply for our future works

Our report is divided into the following sections:

Introduction

1 How is the future of HR?

2 How can you prepare for that future?

2.1 Students

2.2 Organization

Conclusion

References

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Table of Contents

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2 HOW CAN YOU PREPARE FOR THAT FUTURE? .c:cccccccecsteeesteeeesteeeeaes 2

| iv

MAIN CONTENTS

1 HOW IS THE FUTURE OF HR?

Globalization is known as the common word to describe the growing

interdependence of the world's commerce, economies, populations,cultures Lots

of cross-border trade in technology, goods, and services, people, flows of

investment, information The country's government permits people to work across

boundaries

Globalization has two-sided nature, it is both cooperation and competition between

countries, not only between developed countries but also between developed

countries and developing countries Therefore, globalization creates opportunities and challenges for countries in human resource development, especially in developing countries

Firstly, we think the globalization will make the job rotation to different

countries in multinational companies will happen more often (because the development of these companies around the world) For example, when the

company wants to open foreign branches, the effects of that globalization on HR produces will increase to current workers and new employees because the HR department has to support its current staff because they move overseas to new positions Assistance needs to be supported including visas, housing, work

permits The company has to train in cultural issues and language In some

situations, they can easily hire local workers, but they have to train the workforce and spend a lot of time The company always wants to look for already-trained and skilled employees to be moved to positions in overseas locations On the

other hand, the current worker ready to become mobile would be an important

factor

Secondly, trends of the global economy may affects the future of the human resources industry The competition is getting fiercer on a g lobal scale and the workforce is also more diversified as countries go global, allowing resources to labor of his country to another country to work terms favorable:

- Globalization stimulates the rapid developmen t of science and technology

and requires people in general and the workforce, in particular, to

constantly improve to keep up with the development of science, technology, and job requirements

- For many employees working in enterprises with advanced management

methods, using modern technology at home and abroad In the process of working, they have studied, acquired skills and knowledge, modern

working style (CƯỜNG, 2015)

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- Foreign companies can recruit talented human resources from other

countries

- Set factories in other countries In other words, hiring workers is much

cheaper than hiring workers in their own country Thanks to globalization, unemployment rates have improved in some countries.Set factories in

other countries In other words, hiring workers is much cheaper than

hiring workers in their own country Thanks to globalization, unemployment rates have improved in some countries

Besides, the effects of globalization on human resources development are also

cultural differences, in and out of the work environment They usually have their own cultures or ways businesses of operating, but the social and cultural

differences still exist between employees as well Because of varying cultures,

some countries still have gender discrimination For example, in American culture, the female managerial position isn't uncommon h owever, the same thing

is not agreed upon in another countries (Natter, 2020)

Furthermore, because of the influence of globalization, jobs and professions are constantly changing Many companies have moved from traditional HR titles like

Chief Human Resources Officer to Chief Experience Officer or Talent Manager

New titles show the expanded scope of HR and how it is involved in many more areas of employee experience

Finally, most of the HR’s across the world believe that they would have to fight

tooth and nail so as to retain top and outstanding employees in the near future While the economy is becoming globalized, the markets are expected to become

more and more competitive The HR’s have to prepare themselves for the dire

consequences as an extra strenuous effort would be needed to establish loyalty amongst the employees (Recruiteze, 2019)

2 HOW CAN YOU PREPARE FOR THAT FUTURE?

2.1 Students

For students, especially those majoring in human resources, preparing for the

future is very important, each individual needs to equip themself with the following important things (Lé, 2020):

a) Professional skills and knowledge

Any profession requires a professional and human resource management too, in the university environment you will be trained in knowledge about the faculty in

Economics and Management

Some expertise of major human resources management which we should take the time to cultivate like:

L2

« Ability to analyze, forecast and calculate the company's human resource needs

e Structure and restructuring of human resources

¢ Build portraits of potential candidates for each position

« Building and organizing a system of interview questions and entrance exams

¢ Building and developing an employee quality management system

b) Good attitude

A positive attitude is also important because it not only helps you to build useful relationships at university but also in future jobs with your co-employees and

employees in the future company later | believe that good human resource

managers are who with good attitudes Moreover, a positive attitude can help you

learn faster in everything

c) Stress management skill

With the junior and senior students who will start working at any business or company, they will encounter a lot of pressure from surrounding factors such as

relationships, work productivity or from customers, so the stress management skills is really necessary It will somewhat help them to handle their problems like:The workload is overloaded with current capacity and circumstances:

¢ Working hours are long and stressful

« The boss is strict, demanding, and puts pressure on employees

« Unstable working environment

2.2 Organization

In the context of globalization, the labor market is playing an increasingly

important role in screening and evaluating training quality The human resource development strategy requires a new approach, which emphasizes the ability to solve problems in uncertain and changing circumstances This requires human resource development organizations to meet the requirements of globalization to

have appropriate solutions:

- Organizations will begin to change from functional work to cross-

functional work (jobs that derive from simple tasks through narrow

specialization to multi-tasking)

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- The organization must be built in a neat and compact way with fewer layers

to be able to transmit information to people quickly and easily adapt to the change of the environment When the organization reduces the management apparatus, it will help businesses reduce a part of competitive costs (Phap, 2019)

Additionally, any company, large or small, also needs to build a human resource

management department with the tasks of managing the employee system Know how to plan to recruit, train and improve the quality of employees, build appropriate, effective welfare regimes to improve work productivity and to successfully complete the company's goals and development plans

CONCLUSION After going through the process of making the Report We understood more about how is the future of HR and how can be better in that future - as a student as well

as an organization through analyzing, researching HR documents in books and in the internet as well as apply the knowledge we have learned in the subject Although our team tried to make the report as good as possible, there were still some errors in the implementation process We are looking forward to receiving

your comments so that we can draw more experiences and improve for the next projects

We sincerely thank you for your time reading the report

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REFERENCES

CƯỜNG, V T (2015) BAO TAO NGUON NHAN LUC TRONG BOI CANH TOAN CAU HOA Tap chí Nhân lực Khoa học xã hội, só 11

Lê, T (2020) 4 KY NANG CAN THIET TRONG NGANH NHAN SU Retrieved from jobsgo.vn: https://jobsgo.vn/blog/4-ky-nang-can-thiet-trong-nganh-nhan-su/ Natter, E (2020, July 8) Effects of Globalization on Human Resources

Management Retrieved from https://smallbusiness.chron.com/:

https://smallbusiness.chron.com/strategies-attract-foreign-talent-31091 html

Pháp, T (2019) Báo Thanh Niên Retrieved from Bài toán nhân lực trong môi

trường toàn càu hóa: Con đường nào phát huy văn hóa?

Recruiteze (2019) 10 Major Challenges Facing HR in the Near Future Retrieved from Recruiteze: https://recruiteze.com/challenges-facing-hr-in-the-near-future/

Stephen P.Robbins (n.d.)

Gary Dessler 2015, Fundamentals of Human Resource Management, Global Edition, Pearson, 4th edition

Julie Beardwell & Tim Claydon 2007, Human Resource Management: a

contemporary approach, Prentice Hall, 5th edition

Robert L Mathis & John H Jackson 2011, Human Resource Management, South- Western, 13th edition

https:/Awww.piie.com/microsites/globalization/what-is-globalization