Hr Practices

Literature Review
In recent years the thing which gets a sudden boost is globalization and this made countries best in their businesses. Economies internationalized their businesses under the specified rules and regulations of globalized world. It implies no new changes in the previous rules of country’s businesses just define or implement certain policies on cross-border activities. These practices are for all type of industries and its all activities. Organization’s pursue these regulations and globalize their businesses for the sake of improving sales and increase in business turnover, most prominently for getting hold on market share and this also save them from market competition (Johnson & Turner, 2003). Globalization working out on different and important things like labor factors, partnership, tax effects and coordination challenges. Global firms are persistently growing into the new markets that show great potential for success. For achieving success the policy of globalization are not enough so for this company prepare best Human Resource Management (HRM) practices and transfer it in their cross-border subsidiaries.
As everyone knows Multinational corporations MNCs are agents of globalization and HRM practices are best thing to control the maintenance of these corporations. Human Resource is a set of individuals who makeup the workforce of an organization, business sector or an economy. We consider human resource also as human capital, the knowledge the individual embody and contribute to an organization. So that’s why organizations are more focused on HRM practices on cross border subsidiaries. Here comes the stage where question arise “why MNCs transfer practices across- borders”. Most of the time MNCs transfer practices for three reasons, firstly the competition in the global economy is the reason of transfer of HR practices. For gaining competitive advantage, MNCs transfer & recombine new Knowledge and practices across-borders (Bartlett and...