Globalization
has brought a new set of challenges and issues that organizations
have to deal with, in order to remain competitive and become
successful. Many organizations acknowledge the contribution
of people when they make a statement: `Our people are our
most important assets'. Organizations, worldwide, have acknowledged
that, deploying the right resources to solve the right problem
at the right time, is becoming increasingly critical. In the
changing scenario, optimizing human and intellectual capital
is the biggest challenge organizations face. If globalization
is the business of mindset and behavior change, then HR role
becomes integral to the growth of business.
The world is becoming
smaller and flatter leading to new market expansion opportunities
for multinationals. Goldman Sachs, a full-service global investment
banking and securities firm, reports that the rising middle
class in the four nations known as BRIC (Brazil, Russia, India
and China) will quadruple in the coming decade and contribute
more than 70% of global growth by 2040. In this scenario,
it is extremely difficult for the HR professional to stop
thinking, acting and planning on a global basis, regularly.
A
recent study mentioned by the Society for Human Resource Management
mentioned that effective collaboration was one of the top
challenges faced by global HR professionals. A global professional
is one who is a role model for effective communication across
different geographies and cultures. One of the important impediments
to effective communication across geographies is e-mail. People
often assume that others understand their words and meanings.
But it is not so in reality. After communication, commitment
is another important issue. If people honor their commitments,
then there will not any problem. |
