Globalization has been a key driver in broadening of diversity, cultures & defining strategic value & challenges.
Due to Globalization, most of the organizations are on global expansion & working on business strategies in pursuit of new markets. The inherent challenges of managing global work force, business/market ups & downs, rapid market/economic shifts, cost pressures, operational complexities etc. are putting enormous pressure on Human Capital.
Human Resource Strategies & HR Capabilities are built around world over basis Subject Matter Expertise, (SME) requirement for the businesses.
To minimize the conflict & confusion created by expansion, the HR policies are formed which are global, agile, consistent and flexible but also customized to suit local requirements & to meet critical business success factors i.e. SUPER GLOBAL- SUPER LOCAL.
There are few Challenges in Managing Global work force:
- Attraction & Retention in Global Talent Market
- Hiring, Managing, Aligning & integrating Global Talent/ Leadership
- Adapting to fast changing job/Work profile
- Aligning best technology practices to Global Management Strategy – knowledge transfer & dissemination
- Managing risks of Global Operation (Political Social & Economical)
- Cultural differences/ issues
- Currency & language barriers
- Talent Mobility, Deployment & re-settlement
- Understanding the global rules & regulations & laws relating to organization governance.
Strategies to succeed
Global workforce management system should be easy to localize, yet provide consolidated access to all information.
While managing people is a tremendous challenge for any company, the right workforce management system can simplify the process dramatically. To successfully adopt Global workforce, there is strong need to create communication forums & communicate on consistent & periodic intervals to benefit the employees even at the cost of overdoing it.
When choosing workforce automation, organization should look for a system that provides a single platform, with an immediate ROI and is easy to use.
Talent needs to be identified, assessed & developed to make strong leadership pipeline by job rotation & multi skilling.
Create Small Size Self Directed Work Teams (SDWT) to deal with core business issues & attaining virtual solutions.
Ensure cross culture training for employees as well as for families of expats.
Some successful stories in Indian context
- Coco Cola
- Infosys
- Nestle
- Donald’s
- Tata Group
- IPL (Indian premier league)
In nutshell Managing Global workplace is managing diversity & creating value. The HR has to harness it properly; it will result in competitive advantage & accelerated innovation. Respecting views of others builds stronger & robust organizations. It also helps in understanding the customer needs in different geography & the market we intend to serve. The business can grow exponentially & the revenue could take quantum leap forward.
- November 14, 2016
- Posted by: Deepak Bharara
- Category: Best Practices