1.0 Introduction
Merger and Acquisition (M&A) and International Expansion are the chosen strategic issues to be addressed.
Merger occurs when two companies come together and merge as one whereas Acquisition is when a company buys over another. International Expansion means companies shifting operations from their headquarted country to another country where companies’ operation expenses are lower but essential skills are available (Noe, Hollenback, Gerhart and Wright, 2015).
This report will include details on following subjects advantages and challenges imposed on the Human Resource Management (HRM) by M&A and International Expansion, as well as the reccomended strategies to address its problems respectively.
2.0 Advantage of Merger …show more content…
There will be a diverse group of people working in the company after intenational expansion hence the HRM team has to understand the differences in their culture and practices. Home culture and foreign culture can be poles apart. People in foreign country speak different languages. In addition, for cultural reasons, they also tend to think differently and have different goals in doing business. For instance, some may be displeased to be addressed by their first name while some may feel that usage of informal style would serve as an indication of trust. Two individuals from these non-identical culture background could easily misinterpret each other if they confer without a previous knowledge of one another’s assumption and values (Deari, Kimmel and Lopez, …show more content…
HR can also check on the aging employees if they have any plans on early retirement from other departments so affected workers are able to take over the vacancies. In-house training can be arranged for these employees to pick up different skills needed if they join other department.
It is also important to convey the reasons for retrenchment with all the employees in the company. With proper communication throughout the firm, employees will have a better understanding of its decision to lay off staffs. Every individual in the company is valuable and a company will not resort to retrenchment unless necessary.
To resolve the issue imposed on International Expansion, training should be provided for employees to minimize culture or communication misunderstanding. Different races speak in different languages hence English, the official language should be the standardized language for all in the company. The HRM team can arrange English language classes for current employees who do not understand English and hire potential job seekers who are able to communicate in basic English during
Merger and Acquisition (M&A) and International Expansion are the chosen strategic issues to be addressed.
Merger occurs when two companies come together and merge as one whereas Acquisition is when a company buys over another. International Expansion means companies shifting operations from their headquarted country to another country where companies’ operation expenses are lower but essential skills are available (Noe, Hollenback, Gerhart and Wright, 2015).
This report will include details on following subjects advantages and challenges imposed on the Human Resource Management (HRM) by M&A and International Expansion, as well as the reccomended strategies to address its problems respectively.
2.0 Advantage of Merger …show more content…
There will be a diverse group of people working in the company after intenational expansion hence the HRM team has to understand the differences in their culture and practices. Home culture and foreign culture can be poles apart. People in foreign country speak different languages. In addition, for cultural reasons, they also tend to think differently and have different goals in doing business. For instance, some may be displeased to be addressed by their first name while some may feel that usage of informal style would serve as an indication of trust. Two individuals from these non-identical culture background could easily misinterpret each other if they confer without a previous knowledge of one another’s assumption and values (Deari, Kimmel and Lopez, …show more content…
HR can also check on the aging employees if they have any plans on early retirement from other departments so affected workers are able to take over the vacancies. In-house training can be arranged for these employees to pick up different skills needed if they join other department.
It is also important to convey the reasons for retrenchment with all the employees in the company. With proper communication throughout the firm, employees will have a better understanding of its decision to lay off staffs. Every individual in the company is valuable and a company will not resort to retrenchment unless necessary.
To resolve the issue imposed on International Expansion, training should be provided for employees to minimize culture or communication misunderstanding. Different races speak in different languages hence English, the official language should be the standardized language for all in the company. The HRM team can arrange English language classes for current employees who do not understand English and hire potential job seekers who are able to communicate in basic English during