What is Globalization The increasing integration of economies and societies worldwide through the cross-border movement of four core elements such as people ,capital and goods as well as services (IMF Staf ,2008) This process, driven by technological advancements and policy changes. It enables labour mobility and cultural exchange while it promotes economic growth and innovation. Figure 01 Source https://www.skuad.io/blog/the-impact-of-globalization-on-human-resource-management “Foreign direct investment increased from 6.5 percent of world GDP in 1980 to 31.8 percent in 2006 “(IMF Staf ,( 2008 ) The Impact Pros Cons Access to a global talent pool Cultural and communication barriers Workforce diversity and inclusion Legal and compliance challenges Improved training and development Increased complexity in HR operations Increased flexibility and remote work op...
People and Organisations: Principles and Practice in Global Contexts