Globalization project for Human Resource Planning course

1. GLOBALIZATION THE IMPACT ON HR

2. AGENDA Key Facts Three Types Advantages & Disadvantages EnvironmentalFactors Class Involvement Summary Sources

3. KEY FACTS DEFINITION: Globalization is the economic, social and cultural connectivity with people in all parts of the world. It also refers to the growth in flows of trade and financial capital across borders” The concept was first introduced when countries first started trading with each other The corporate world started vastly using this term with the introduction of the internet and global connectivity

4. THREE TYPES Import-ExportFirm Multinational Enterprise Global Firm

6. ECONOMICS Labour Costs Global Unemployment Rate Foreign Direct Investment International Trade State of Economy

7. POLICIES AND LEGISLATION Complyingwith Labour Laws Health and Safety Issues Conditions of EmploymentPolicies

8. TECHNOLOGICAL CostsIncurred Time Spent for Compatibility Reasons Training Costs

9. DEMOGRAPHICS Populations Immigration/ Migration Rates Age Structures

10. SOCIAL & CULTURAL Pre-Globalization = Independent & Unique Post- Globalization = Integrated Cultural Differences The Handshake Dog Chow

11. WhatWould You Do? Here’sWhatWeDid: For Economics Unemployment Rate reflects Compensation FDI in India & China Possibly setup factorieswithinIndia & China for lower labour costs

12. WhatWould You Do? Here’sWhatWeDid: For Policies and Legislature Revisepolicies, procedures and practises Recruit a Specialistfrom the Country to assistwith the development of CorporateStrategy

13. WhatWould You Do? Here’sWhatWeDid: For Technology DevelopCorporateStrategies to OvercomeBarriers Encourage a Diverse Workforce Have Consistant Policies Implement an Organizational Information System

14. WhatWould You Do? Here’sWhatWeDid: For Demographics Populations higherwithin select countries- USA, India, China Surplus of immigrants Understandage gaps within P&G Employ international employees for diversity, knowledge/skill and cultural awareness

15. WhatWould You Do? Here’sWhatWeDid: For Social and Cultural Develop a Mentoring Program Embrace Culture Human Resource CouldPropel the Acceptance of Diversity

16. Summary Three Types Advantages and Disadvatages EnvironmentalFactors Economic Climate Policies and Legislation Technological Factors Demographic Factors Social & Cultural Factors

17. SOURCES Friedman, T. (2005). The World is Flat: A Brief History of the Twenty-First Century. New York, NY. International Labour Organization. (n.d). Unemployment, structural change and globalization. Retrieved from http://actrav.itcilo.org/actrav-english/telearn/global/ilo/art/10.htm Lin, J. (2010). Globalization: after the recession. Retrieved from http://globalpolicy.org/globalization/globalization-of-the-economy-2-1/general-analysis-on-globalization-of-the-economy/48585.html Population Reference Bureau. (2010). World population data rate. Retrieved from http://actrav.itcilo.org/actrav-english/telearn/global/ilo/art/10.htm United Nations Conference on Trade and Development. (2009). Global foreign direct investment now in decline. Retrieved from http://www.unctad.org/Templates/webflyer.asp?docid=10930&intItemID=1528&lang=1

18. THE END of the world as we know it. ANY QUESTIONS? Christine Donovan, Greg Lewis, Leigh Preece