Introduction to Human Resource Management

International Human Resource Management is characterized by increased complexity of HR activities, cultural awareness and tolerance, stronger relationship with employees and their families, different expectations and requirements of employees across cultures, management of cross-cultural teams and diluted risk on the business front and increased risk on the people front. Business in India and worldwide has seen some phenomenal developments after the introduction of reforms in recent times. The Indian economy has opened up new vistas of business for MNCs worldwide, including Indian MNCs. The magnitude of FDI investments in the country is an indication of the attractiveness of the Indian market. Indian MNCs have also made a mark in the international market. Expansion of business horizons implies greater challenges in terms of human resource management. The different IHRM activities include normal HR activities like human resource planning, performance management, compensation management, training, etc., but at a higher level of complexity. The specific IHRM activities include expatriate assignment management, expatriate training, management of cross-cultural work-teams, cross-cultural training etc.