Effects of Globalization and Competitive Advantage on HR Departments
The rapid technological advancement of the predominant majority of the industries is shaped by the incessant process of development and globalization. Today the whole world enjoys the ubiquitous presence of digital technologies and networks. Globalization provides the unprecedented opportunities for information sharing and communication of data which enables the continuous growth of the business entities. The process of globalization gives the industry tycoons access to the large pool of data which contains the relevant information that is utterly indispensable for the development of the scope of production and the quality of the goods and services, as well as for the creation of the competitive advantage for the companies which operate in their market niches. Thus, many organizations tend to shift their values, preferring to invest more in knowledge and information which are the milestones of the today’s strong positions in the market. The focus on knowledge gives the strategic advantage to the companies which operate in formerly underdeveloped parts of the world. Currently, they are able to reach the global market and gain more companies than earlier. All of these factors influence employment and human resources management. The geographical dispersion of the market and the emphasis on knowledge-based economy presuppose the particular shifts in human resources management, as the greater focus has to be put on the diversity recruitment and employment of the “low-cost labor from emerging countries” (Kapoor, 2011, p.2). The shortage of talent in developed countries will boost the unidirectional flow of the human resources from emerging countries to developed countries, foster the outsourcing process which will result in the greater cooperation of the employers with the employees which will be effectuated via the digital channels.
U.S. Cooperation with Emerging Countries
According to the multiple accounts of the business observers and industry analysts, today the world experiences the shortage of talent in developed countries (Kapoor, 2011, p.2), and currently the scholars appeal to the existence of the phenomenon of so-called “global war for talent” which is existent in the USA as well (Beechler & Woodward, 2009). This process is spurred by the globalization-driven processes such as global integration, diversity, and increasing mobility, as well as the transformational changes within the framework of business environments. All of these aspects combined with the unprecedented opportunities of information sharing and access to the most relevant information serve as the triggers for the tremendous advancement of that parts of the world which were formerly underdeveloped. According to Anand, Cheng, Rehman, & Zhang (2014), the predominant majority of the emerging countries are located in Asia, encompassing the list of such countries as China, India, Indonesia, Malaysia, the Philippines, Thailand, and Vietnam. These countries serve as the infinite pool of skilled specialists which get a relevant education and are able to sell their knowledge to external markets.
The underpaid professionals who reside in such countries as India and Bangladesh are high-skilled but low-wage labor force in their home countries. These circumstances spur their aspiration to collaborate with …
