Eassy Essay Example | Topics and Well Written Essays - 500 words - 1

Eassy - Essay Example Globalization has significantly changed the dynamics of social structure and provided it with socio-cultural diversity that is indeed diverse in its application of ideas, ideologies and competencies across people coming from different race, culture, color and nationality. In such conditions, the role of HRM is crucial in creating a diverse workforce whose competencies are judiciously exploited for increasing organizational productivity (Gillham, Wood & Somerville, 2007). Indeed, in the transforming societal norms, cultural competencies can provide the organizations with unique competitive advantage that would be difficult to imitate. Thus, treating workforce as human capital is not only desirable but also essential in the changing environment of high competition. Moreover, environmental changes like globalization and technology are also intrinsically linked to other paradigms of business which have considerable impact on the overall performance of the firm. Computer and internet have redefined communication and provided people with huge entrepreneurial opportunities to expand their business across globe. They have diminished the geographical distances and increased the challenges for HRM. The job specifications have become more stringent and jobs less secure due to new trends of outsourcing in non-core areas of business. HR’s contribution to the human capabilities through training and development become vital facilitator of motivated workforce that generates job security and inculcates higher sense of self-worth (Zapata-Cantu et al., 2007). HRM is also responsible for creating an organizational culture that highlights cross cultural understanding, mutual respect, shared goals and strong teamwork. This is important in current times as diversity in workforce necessitates understanding of cross cultural values to inculcate mutual respect and strengthen teamwork