Magazine article Training & Development
Companies Change the Focus of Their Human Resource Services at Different Stages of Organizational Development
Companies change the focus of their human resource services at different stages of organizational development, according to "The Globalization of Human Resources," a benchmarking study by Arthur Andersen. Based on information from HR executives at 76 companies in North America and Europe, the study examines differences in HR functions at international, multinational, and global companies.
A key finding shows that attracting and retaining talented employees is the biggest challenge cited by HR professionals in organizations at all three development stages. In light of that finding, the study reveals that more than 50 percent of respondents at multinational and global companies said they are focusing on developing key people as part of their global leadership strategy.
Other key challenges cited include
* increasing organizational performance
* establishing global competencies
* aligning compensation and business strategy
* enabling change on a global scale
* reinforcing corporate culture.
There are major differences between respondents in the area of organizational culture. International respondents suggest a struggle in recognizing and understanding cultural differences. Multinational respondents seem to be more focused on managing and balancing the effectiveness of cultural diversity. Global respondents appear to focus more on the integration of cultural differences within the overall corporate culture. …