Impact of globalization on HRM

  Cooperate Social Responsibilities (CSR) Figure 1 : Cooperate Social Responsibilities A management concept known as "corporate social responsibility" encourages businesses to incorporate social and environmental considerations into their daily operations and relationships with stakeholders. Generally speaking, CSR refers to a company's efforts to balance its commitments to economic, environmental, and social goals while also meeting stakeholder and shareholder expectations (sometimes known as the "Triple-Bottom-Line Approach"). In this regard, it's critical to make a distinction between CSR, which may be a notion for strategic company management, and philanthropy, sponsorships, or charitable giving. Although the latter can also significantly reduce poverty and will immediately improve a company's reputation and brand, the notion of CSR unquestionably extends beyond those things (United Nations Industrial Development Organization, 2023) . The rel

  Job rotation Figure 1 : Job Rotation   What is job rotation in HRM? Job rotation is a management strategy that involves moving employees from one position to another in order to familiarize them with all organizational divisions. The purpose of job rotation is to improve employees' job satisfaction, cross-train them, and improve their work experience. Employees are moved to new job responsibilities throughout a job cycle, which enhances their experience, versatility, and skill set. Building employee understanding of the various job types conducted in their sector is a helpful HR tactic (Help Board, 2023) . Job rotation is a well-planned method to lessen the monotony of performing the same sort of work every day and to uncover an employee's untapped potential. Both the management and the workforce benefit from the process. It aids management in identifying employee talent and figuring out what that person excels at. On the other hand, it offers a person the ability

  Employee satisfaction Figure 1 : Employee satisfaction   What is Employee Satisfaction? The HR business uses the broad term "employee contentment" to refer to how pleased or satisfied people are with things like their employment, their working environments, and the companies they work for. Many firms use frequent surveys to gauge employee happiness and track satisfaction patterns over time since it is one of the major metrics that may help determine the overall health of an organization. When employee satisfaction is high, it means that they are satisfied with their employer's treatment of them. While engagement is one aspect impacting total satisfaction, the terms employee satisfaction and employee engagement are frequently used synonymously. While retention is crucial for employee satisfaction, performance is not always predicted by it, but engagement, which among other things shows a worker's enthusiasm for their work, is strongly related to productivit

  Employee Voice in workplace Figure 1 : Employee Voice & Employee Communication   What is Voice of Employee in workplace Employee voice is the process through which employees express their opinions to their employers and have a say in decisions that have an impact on them at work. Employers' ability to effectively communicate with employees helps foster creativity, productivity, and organizational progress. Employees who use their voices to express themselves frequently feel more respected, have more job happiness, have more influence, and have better career chances. In order to create inclusive workplaces, employee voice is crucial (CIDP, 2022) .   The Importance of Voice of Employee Recognition and constructive criticism are insufficient in the workplace of today. Workers desire effective, two-way, open communication and a sense of contribution to the business. They aspire to grow and progress in an atmosphere that values diversity and inclusivity. You may in