A report based on an international HRM case study Essay - 1

A report based on an international HRM case study - Essay Example Therefore, the senior management team has asked the human resource manager to undertake a thorough assessment of the prevailing scenario in the US as well as in the Scandinavian nations in terms of cultural values, recruitment and training along with payment and reward. Thus, the paper intends to make the required analysis along with providing the senior management a recommendation regarding the most appropriate location for establishing the manufacturing unit among the US or a Scandinavian nation. Table of Contents Executive Summary 2 Managing human resource efficiently has become a key element in the modern day business context. Organisations nowadays are providing significant consideration towards recognising the prevailing context of a foreign nation before commencing their business operations. In this context, understanding cultural aspects of a foreign country is imperative to ascertain that diversity management aspect can be maintained by the company efficiently in future. Wit h due consideration to this notion, an electronics manufacturing company has endeavoured to establish its manufacturing unit in either the United States of America or in a Scandinavian nation. ... 2 Table of Contents 3 Introduction 4 Cultural Values 5 Recruitment and Training 8 Payment and Reward 11 Recommendations and Conclusion 14 References 16 Introduction An electronics company that produces electronic goods for the mobile phone industry intends to set up a manufacturing unit either in the United States of America or in any of the Scandinavian countries. Scandinavia comprises five nations namely, Norway, Sweden, Iceland, Denmark and Finland. The purpose of this report is to analyse the human resource policies and practices of these countries in order to make the due changes in the intended manufacturing unit. Recruitment and managing of local employees are among the key responsibilities bestowed upon the human resource manager of the organisation. Thus, a thorough assessment of the existing scenarios in these two societies is a pertinent initiative to proceed appropriately. The various aspects to be considered while making such analysis are the cultural values, the recruit ment and training practices of the countries, the payment and rewards system followed by the countries. Values concerning the societies and its importance among the citizens are to be evaluated critically in order to align the work culture of the planned manufacturing unit. The recruitment and training being one of the most important human resource aspects to be followed by a company, the practices pertaining to them are to be adopted by the manufacturing unit in order to run successfully and in compliance with the surrounding. The recruitment and training practices or trends followed by the business units in a country are also of great importance in order to