Human Resource Management Strategies

Human resource management strategies

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Human resource management strategies

Over the past few years, globalization has pushed businesses to enter overseas markets. These markets are thought to be critical for the growth and performance of companies, especially from developed nations such as the USA. When entering an overseas market, a company can adopt and implement different staffing strategies. A company can implement a host-country national strategy, where companies employ people born in these overseas markets (Sutter, MacLennan, Fernandes, & de Oliveira Jr, 2015). The second strategy is a home-country national strategy, where companies can send expatriates who are already working in the company to work in these overseas markets. Now, all these human resource management strategies are effective and have some justification and advantages as to why a company may choose to implement one of them.

With the host-country national strategy, a company can decide to employ people who are born in the country the business is operating in. This strategy would be valid and justifiable in that language barrier in eliminated. Organization culture is critical for the success and performance of an organization. We all remember of Walmart failings in Germany, which was attributed to lack of understanding and knowledge of the culture of the Germans (Corona, n.d.). Therefore, this strategy would eliminate any language barriers that may exist. Secondly, hiring costs, for instance, the visas would be eliminated, and this cuts the costs to be incurred by the company. Thirdly, hiring people in the home country is important for the company because the people understand the local laws and regulations better.

With the home-country national strategy, companies often send expatriates to these host nations to work. Again, this strategy has its benefits. Firstly, managers and leaders can gain the required experience in the local markets, which can bring about better performance. Secondly, this strategy enables better control of the organization, as you can work with experienced people. Thirdly, this strategy also enables greater understanding of the business strategy, and how you can implement it effectively. Furthermore, this strategy can give your employees morale to continue working towards accomplishing the set goals and objectives of the company in the host country.