Globalization
The process by which businesses or other organizations develop international influence or start operating on an international scale.
Globalization.
A trend observed among students aiming to enhance their skills and qualifications in a post-COVID world.
What is "students studying more"?
A plan of action designed to achieve a long-term or overall aim.
strategy
Traditionally focused on administrative functions like staffing, payroll, and record keeping.
Personnel Department
In this decade, the primary role was termed as "Labour Manager" with tasks centred around hiring, firing, paying workers, and keeping absence records.
1920
An advantage of globalization is that gives people access to international funds, products, labour and______.
diversity.
The accelerated trend in the workforce after the COVID-19 pandemic, where long-time employees chose to leave their jobs earlier than the traditional age.
early retirement.
An overarching plan made at the highest level of an organization, focusing on reaching performance objectives in all its businesses and for its entire portfolio of products and services.
Corporate strategy
A more comprehensive approach focuses on strategic initiatives like talent management, organizational development, employee engagement, and cultural alignment.
HR Department
During this time, as the economy began to recover, major corporations began focusing on recruiting, retaining staff, improving worker productivity, and introducing motivational bonuses.
1930's
The downside of globalization is decreased job opportunities in specific sectors or regions due....
This group has seen an increase in representation in the workforce, breaking traditional gender roles and barriers in many professions.
More Women
The strategy used by a company to gain an advantage against its rivals.
Competitive Strategy
Innovators who leverage their proficiency and roles to enhance departmental performance and align with organizational objectives.
Conformist
In this era, there was a notable shift towards improving worker efficiency through increased job satisfaction, coupled with the creation of numerous full-time roles to aid war efforts.
WWII Era
The goal of globalization is to...
Increase the wealth of all nations.
An inclusive workforce approach that emphasizes representation from diverse racial and ethnic backgrounds.
hiring more minorities
This alignment focuses on linking HR activities and policies with the strategic objectives and performance requirements of the business.
Vertical alignment
This role sees HR ensuring that employee voices are heard, their needs are addressed, and a robust two-way communication channel exists between the management and the workforce.
Employee Advocate
Between these years, the term "personnel management" gained prominence, largely emphasizing the administrative dimensions of HR.
1945-1959
Globalization requires HR professionals to navigate....
different laws and diverse teams.
The trend that recognizes the need for flexibility in the workplace, catering to both remote work and varied work hours.
hybrid work places.
The outcome, when there's coherence among various HR practices (recruiting, training, compensation), ensuring they complement and reinforce each other.
Horizontal alignment
This role envisions HR setting the gold standard for HR practices, leading the way in corporate governance, and establishing best practices in the industry.
HR Leader
In the mid-part of this decade, the world bid adieu to "Personnel Management" and ushered in a new era with this term, highlighting employee motivation and commitment.
1980