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Article
The Strategic Role of Human Resources in the Globalization Process
Author(s)
Robert Latin, Petronije Jevtić, Vlada Živanović, Nada Živanović
Full-Text PDF XML 721 Views
DOI:10.17265/1537-1506/2021.04.002
Affiliation(s)
“Union-Nikola Tesla” University, Belgrade, Serbia
ABSTRACT
Globalization has contributed to
rapid technological development, dominated by the importance of human resources
as a key to society’s development and progress. A modern approach to strategic
HRM is the most important phenomenon of today, helping to align the skills
currently used with the goals the company pursues. A new industry is constantly
evolving in the field of human resource management through strategic human
resource management (HRM). The data show that human resource efficiency is an
important factor that enables a company to have long-term benefits in terms of
profits, competencies, and other goals. In the HRM system, this plays a
significant role in planning long-term goals and strategies. The skills
necessary to fulfill organizational goals are developed by individuals’
personal sense of attitude and creativity synergistically related to the needs
and desires of employees. The business function or human resources sector today
is much more than a form of employment in the future. The efficient use of
human resources is needed to provide companies with a competitive advantage and
set long-term goals for a successful business, which are just some of the
priorities of global business. Human resource management organization (HRM)
includes selection, training, evaluation and rewarding of employees,
organizational leadership, organizational culture. HRM emerged as a concept in
the early 20th century, when researchers began documenting ways to create
business value through strategic workforce management. Initially, transactional
work dominated, but due to increased globalization, further HRM research today
focuses on strategic initiatives, such as talent management, industrial and
employment relations, inclusion, and more. Human resource management (HRM)
refers to HR and management practices and systems that affect the workforce.
The human resources of any organization are made up of all the people who carry
out some activities within the enterprise. HRM’s core responsibilities include
job design and job analysis, training and development, recruitment, team
building, performance management, employee appraisal, etc. HRM affects the
management and productivity of the company. It plays an important role in the
training and control of employees and the organization. HRM plays a vital role
in sustaining the lives, work, and career planning of employees. It helps HR
managers resolve conflicts and motivate employees to pursue personal and
organizational goals. To achieve organizational goals within HRM, it is
important to conduct training and education. Without the ability of good HRM
management and employee confidence in leadership, chaos and conflicts arise in
the organization. HRM plays a vital role in the organization to achieve organizational
goals, solve problems, manage workforce diversity, and the like.
KEYWORDS
Strategy, human resource management, global business, organizational goals, skills
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