Human Resource Management, the main important part in business activities

Abstract

Globalization in nowdays is part of everyday life for individs and for companies. In focus of this issue, is the unification of Human Resource Management (HRM) between practices  and countries polities.  Human resource management (HRM) is the process of employing people, training them, motivation them, developing good policies relating to them, and developing strategies to promout them. As ”Achilles heel”, HRM has undergone many changes over the last twenty years, giving it the main  important power in today’s performance organizations. In the past, HRM meant processing payroll, sending birthday gifts to employees, arranging company outings, and making sure forms were filled out correctly—in other words, more of an administrative role rather than a strategic role crucial to the success of the organization performance. Jack Welch, former CEO of General Electric and management guru, sums up the new role of HRM: “Get out of the parties and birthdays and enrollment forms.… Remember, HR is important in good times, HR is defined in hard times” (Frasch, et. al., 2010). (https://open.lib.umn.edu).This article is theoretical article with human resource management concepts.This paper is a literature review one and has in focus the identification of factors of HRM practices and in the same time focuses in HRM as an important part for management as a whole.

Keywords: globalization, multinational companies, HRM practices.

DOI: 10.7176/JEP/13-15-15

Publication date:May 31^st 2022