A/ ASSIGNMENT RECAP

A 15-20-minute group presentation with the requirements to: 

• Analyze HR Practices in a Multinational Company: Examine and present the human resource management strategies and practices in a multinational enterprise (MNE) you're familiar with;

• Compare HR Methods in Different Countries: Highlight the differences at how the company's HR policies differ between its home country and a foreign subsidiary;

• Evaluate and Suggest Improvements: Critically assess the current IHRM policies and practices of the MNE then propose recommendations for how these practices can be improved to better meet the company's goals and address any challenges.

B/ KEYWORD EXPLANATIONS

Essential keywords relating to International Human Resources Management:

1. Multinational Enterprise (MNE): An MNE is a company that operates in multiple countries around the world. Samsung, for example, is an MNE because it has business operations in countries like the USA, India, and South Korea.

2. Expatriates: Expatriates are employees who are sent by their companies to work in a different country. For instance, an American working for Microsoft in Japan would be considered an expatriate.

3. Benchmarking: This means comparing a company's practices and performance with others in the industry to identify areas for improvement. A company might compare its employee turnover rate with its competitors to see if it's doing well in retaining staff.

4. Local vs. Global HRM Practices: This refers to the comparison between HR methods used in the company’s home country and those applied in its foreign subsidiaries. For example, the difference in holiday policies in the USA and Japan for the same company.

5. Local Workforce: The employees who are native to the country where the multinational company operates a subsidiary. For example, Japanese workers employed in a Toyota plant in Japan.

6. Cultural Sensitivity in HRM: This means understanding and respecting the different cultures of employees in a multinational setting. For example, adjusting work policies to respect local holidays and traditions.

7. International HRM Strategy: This is the plan or approach a multinational company uses to manage its workforce across different countries. It might include how to adapt to local laws and cultural differences.

C/ DETAILED OUTLINE 

1. Introduction

Suggested Flow:

• Slide 1: Title Slide

  • Title: "International HRM Strategies: [Your MNE's Name]"

  • Subtitle: "An Analysis of Global HR Policies and Practices"

  • Your Team Name and Members (with Student Number and/or Member Roles) 

• Slide 2: Agenda:

• Include an agenda/structure for your presentation 

2. Function Analysis

• Slide 3: Introduction to the MNE

  • Brief overview of the MNE (name, industry, size, number of employees)

  • Global presence (countries of operation). Visualization for this detail could be a global map or numbers

  • Importance of HRM in the MNE’s success

=> For visualization:

• Incorporate a global map highlighting the countries of operation.

• Use infographics to show company size, number of employees, and other key statistics.

• Include the MNE’s logo and a brief tagline or mission statement.

Example: Samsung Electronics

Stories:

• Samsung Electronics (SE) is a multinational high-tech company headquartered in Suwon, Korea. It was founded in 1969 and operates three main business divisions: Consumer Electronics, IT and Mobile Communication, and Device Solutions, and has a vast product spectrum 

• In 2022, Samsung Ranks First on Forbes 'The World's Best Employers' for Third Consecutive Year (Forbes, 2022)