What are some of the typical challenges for hrm

Assignment Help Other Subject

Reference no: EM133223816

Assignment - HRM in Small and Medium Sized Enterprises Discussion & Response

Part 1 - What are some of the typical challenges for HRM in international SMEs? How do they differ from challenges for larger multinational corporations? What are the strategies that HRMs can use to meet these challenges?

Be sure to respond to at least one of your classmates' posts.

Part 2 - Respond to classmate's post below:

Good evening Professor and classmates,

Some of the typical challenges for HRM in international SMEs are talent acquisition and retention, leadership development, and compliance with the labor laws of the host countries. Although larger multinational corporations face the same challenges, they typically have more financial resources to overcome them. SMEs can have a more difficult time recruiting and retaining talent as they may not be able to offer the same benefits and perks to potential candidates as large corporations can. One way to overcome this challenge can be an inclusive company culture and a welcoming and team environment.

Compliance with the host countries' labor laws can also be an obstacle for SMEs. Labor laws vary from country to country, and when SMEs first expand into a new host country, they may violate local laws unintentionally. One way to ensure labor laws are followed is by collaborating with experienced host country national HR Managers and lawyers. By doing so, companies can ensure they follow the proper procedures and guidelines to establish their business in a new host country. HR Managers should also be trained in foreign countries' labor laws and work closely with host country nationals.

Overall, international SMEs and larger multinational corporations have the same challenges; however, large companies usually have additional financial resources and a larger number of employees to navigate the obstacles.

Reference no: EM133223816

Questions Cloud

What options does a company have to guard : What options does a company have to guard against being caught in a tariff trade war, as was the case in 2019

Is your business subject to transaction exposure : Is your business subject to transaction exposure? Economic exposure? Translation exposure? Explain why your business is or is not subject to each of these types

What is your total portfolio return this month : Assume that Stock A earned a 5% return and Stock B earned a -4% return this month. What is your total portfolio return (5) this month?

Identify the organization does to generate revenue : Set the context for the audit. Show you understand what business your organization is in. Identify what the organization does to generate revenue.

What are some of the typical challenges for hrm : What are some of the typical challenges for HRM in international SMEs? How do they differ from challenges for larger multinational corporations

Principles of agile leadership : You are required to reflect on your own development through the course, and how the nine Principles of Agile Leadership have supported your journey.

What would your investment be worth in each type : What would your investment be worth in each type of share class after 20 years if you assume a 8% annual rate of return?

Data pre-processing before training the model : Identify the features and the target from the given dataset. In ML we build a mathematical model. How will you handle the data preparation before building the m

What is the nav of mutual fund wxy today : What is the NAV of mutual fund WXY today and What is the return on the WXY mutual fund from today to tomorrow?

User Account

All Pages