Globalisation and Human Resource Management – Challenges and Strategies

Abstract : Globalization is an ongoing process. It allows and promotes the development of economy of developed countries as well as developing countries that are seeking their place in the global market. The professional and competent human resources are needed and therefore it is necessary to invest in new knowledge, innovation, new technologies and lifelong learning. I n this environment, management sets its strategic goals through which it will be able to carry out the plans for the sale of products or services. Nowadays, a manager has to have interdisciplinary skills and lifelong education because only in this way it is possible to respond to the constant and rapid changes in the world. Industrialization, modernization, and postmodernism were or are still slogans such as globalization is today. It is not possible to exclude that the use of this concept in the social sciences is also subject to fashion trends. Industrialization was the first term which social sciences used to describe the great transformation of society during which industrial production has become the main form of production. This change was so pro found that the term industrial revolution was used not only to describe the transition from manufacture to industrial production but also to describe the broader structural change. The concept of modernization is used to describe a wider range of change in which society becomes more complex, urbanized and differentiated, and the production and social organization are increasingly based on science. In social sciences, the concept of modernization is particularly used to describe the process by which the “third world countries” develop; countries that have lagged behind in the process of change, industrialization and modernization. The fact that since the beginning of industrialization undeveloped countries gradually modernize and industrialize shows that industrialization and modernization was a global process from the start. The concept of globalization is quite important for the post-industrial society which transformed into a new stage of development after industrialization and modernization. This new phase is characterized by significant changes in the structure of production, namely the transition from the industrial development to the tertiary sector (services sector). The tendency of globalization was inherent (present) in the processes of industrialization and modernization. Conceptually, industrialization and modernization cannot be equated with the notion of globalization. The industrialization and modernization can be developed in an isolated social system, such as a nation-state or any part of the world. Globalization, on the other hand, is a process of industrialization and modernization, which is expanding globally and has an integrating function. Therefore, it is necessary to should draw attention to higher education and new technologies because only in this way will its economy be competitive and able to engage in the process of globalization. Management plays a key role in the globalization process because their decisions contribute to the creation of a global image because consumer habits transcend national boundaries. An attempt has been made to analyse the role of globalisation in the Human Resource Management (HRM) and its challenges and strategies for strengthening the HRM practices under global economy