Q1. Define the term “International Human Resource Management”. What are the similarities and difference between International and Domestic Human Resource Management?
- IHRM manages HR worldwide for MNEs, adapting functions for PCNs, HCNs, and TCNs.
- Both IHRM and DHRM share core HR functions: recruitment, training, compensation, performance.
- IHRM is more complex due to multiple legal, cultural, economic, and political environments.
- IHRM manages Parent, Host, and Third Country Nationals; DHRM focuses on single-country nationals.
Answer: International Human Resource Management (IHRM) refers to the worldwide management of human resources, encompassing the full range of human resource activities performed across national borders. It specifically addresses the complexities that arise when managing different types of employees – Parent Country Nationals (PCNs), Host Country Nationals (HCNs), and Third Country Nationals (TCNs) – in multiple countries. Essentially, IHRM involves managing people in multinational enterprises (MNEs) by a...