Evolution of Human Resource Management - 7638 Words

GUEST EDITORS’ INTRODUCTION GROWTH AND GLOBALIZATION: EVOLUTION OF HUMAN RESOURCE MANAGEMENT PRACTICES IN ASIA ARTHUR YEUNG, MALCOLM WARNER, AND CHRIS ROWLEY In this introductory note, we offer an overview of how human resource management in Asian countries and corporations is evolving in the face of rapid business growth and integration into the global economy and we describe how the articles in this Special Issue contribute to new knowledge and insights regarding key issues, challenges, and evolution in the field of HRM in Asia. Driven by the combined forces of rapid gross domestic product growth in many Asian economies and their further integration into the global business arena, firms in Asia are in constant flux, no matter whether†¦show more content†¦One of us recently had an opportunity to interview more than 20 CEOs of leading multinational corporations (MNCs) in China, asking them one simple question: â€Å"What are the most critical issues that affect the success of your company in the PRC?† While some respondents mentioned relationships with headquarters, business model innovation, branding, supply-chain managem ent, and so on, talent was by far the most consistently and frequently cited factor that would critically affect their aggressive business aspirations. As companies in many emerging economies have been growing at a rate of 20–50 percent in sales volume every year, the ability to attract, retain, develop, and engage high-caliber talent to support their business growth while simultaneously deepening their competitive edges in innovation, services, or quality presents one of the greatest business challenges not only for MNCs, but also for local privately owned and state-owned firms. How do HRM systems in Asian countries evolve as these economies experience such (perhaps unprecedented) rapid growth and global integration? What challenges, issues, and opportunities are Asian firms facing in order to better utilize human resources for sustained business growth and competitiveness? These two key questions about HRM in Asia, both at the country and corporate levels, are the focus of this Special Issue. By havingShow MoreRelatedEvolution Of Human Resource Management1046 Words   |  5 PagesUniversity â€Æ' Evolution of Human Resource Management The evolution of Human Resource Management has transitioned from a very simple administrative function to a very multifaceted strategic function that still includes administrative, operational, and strategic tasks in the organization. In the beginning of Human Resource Management, the roles of Human Resource personnel was mainly just to hire employees, deal with compensation, benefits, legal issues, and the firing of employees. Today, Human ResourcesRead MoreEvolution Of Human Resource Management2149 Words   |  9 PagesAccording to Merriam-Webster, the term human resources started in the 1960s and is defined as â€Å"a department within an organization that deals with the people who work for that organization† (Human Resources, n.d., p. 1). In this assignment I will discuss the evolution of human resource management, workplace trends affecting human resources, strategic positioning of HR, the major objectives of human resource planning, key tools HR managers utilize to improve performance, and the challenges forRead MoreEvolution Of Human Resource Management Essay974 Words   |  4 PagesEvolution of Human Resource Management Administrative Functions The objective of the Human Resource Department is to design management systems to ensure human talent is maximized to effectively and efficiently achieve organizational goals. HR has seven functions that are intertwined. These functions are global, environmental, cultural geographic, political, social, legal, economic, and technological. 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