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Impacts_of_Economic_Recession_to_IHRM
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Impacts of Economic Recession on IHRM 1Impacts of Economic Recession to IHRM
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This study source was downloaded by 100000858663287 from CourseHero.com on 12-23-2022 20:34:30 GMT -
https://www.coursehero.com/file/162234500/Impacts-of-Economic-Recession-to-
, Impacts of Economic Recession on IHRM 2
Impacts of Economic Recession on IHRM
Globalization has significantly promoted economic interrelations, owing to technological
and human resource transfer across various nations. The human resource transfer among nations
is significant for economic growth. This is critical in the satisfaction of customers both at local
and at international levels (Sitkin & Bowen 2010, p.343). As such, International Human
Resource Management serves crucially in the deployment of human resource across nations,
thereby providing skilled manpower to dissimilar nations for technological advancement and
economic development. However, the current recent economic recession has had critical impacts
to the IHRM, thereby negatively influencing their roles in human resource deployment. These
challenges have extended to the point of deeming the IHRM irrelevant, thereby posing key issues
in the global economic development.
Top begin with, the economic recession had serious impacts to numerous business
organizations globally. This has posed diverse challenges to such firms, particularly to their
capability to employ foreign skilled manpower. This increases the already severe challenges of
unemployment across the globe, thereby rendering the role of IHRM extraneous, owing to the
fact that IHRM key purpose is to deploy human resources to diverse nation that need to employ
foreign manpower to boost efficiency (Briscoe, Schuler, & Tarique 2012, p.69). Besides, some
nations have opted to outsourcing, thereby eliminating the need for permanent employees. This is
in their endeavor to reduce costs, and increase efficiency. This is also a strategic plan to
overcome the economic recession.
Besides, owing to the economic recession, some nations have been compelled to
implement stringent labor laws that serve to reduce the number of foreign manpower to their
nations (Scullion 2011, p.52). Such nations include UK and US and this has significantly
This study source was downloaded by 100000858663287 from CourseHero.com on 12-23-2022 20:34:30 GMT -
https://www.coursehero.com/file/162234500/Impacts-of-Economic-Recession-to-
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