international human resource management

HRM practice (Clark , Grant Heijltjes 1999 . The advantage of this approach is that the MNC is able to adopt a multifaceted approach to HRM while at the same time developing a set of coherent polices and practices that are suited to a particular region . Summarising the above considered it is reasonable to conclude that the central issue facing multinational firms is whether their human resource practices should be customised to meet the needs of local people or whether they must be standardised across different national units which we will particularly scrutinise in

the course of studying the practices of out target countries

The IHRM Practices of the US , the UK and Japan Multinational Corporations

Although many companies frequently argue that their employees are their most important asset , human resources have long been recognised as a business liability rather than a company asset . For the last decade however , many scholars and practitioners have attempted to link human resources and organisational performance (Pucik 1999 Lau Ngo 2001 Pucik Saba 2002 Czaplewski , Milliman Taylor 2002 Sims 2002 Especially this concerns multinational companies which have to manage diverse workforce in various countries where their subsidiaries are located . Many MCNs realise the increasing importance of workforce in business success as traditional assets such as natural resources technology , and economies of scales have lost their competitive edge and human resources replaced them as a main source of competitive advantage (Wright , McMahan McWilliams 1994 . High quality human resources also enable organisations to compete on the basis of market responsiveness , differentiated products , and technological innovation (Ulrich 1996 . Therefore , effective IHRM practices assist MCNs in developing human resources into a high-quality and efficient workforces thus the IHRM practices lead these corporations to obtain a competitive advantage through their people . On this account MCNs in the US , the UK and...