(BUSINESS WIRE)--As business globalization and cross-border trade and investments have accelerated over the last decade, companies have a more globally dispersed workforce than ever before. According to a new survey by Hewitt Associates, a global human resources consulting and outsourcing company, human resources (HR) departments have made steady progress in their ability to support the shift toward a more global business model and workforce. Yet, for many companies, questions remain on how exactly HR should be aligned from a strategy, organizational and delivery perspective. This issue is even more pressing in the current economic environment, as HR departments are being challenged to improve the effectiveness of their global HR programs and reduce global HR delivery costs.
Hewitt’s survey of 85 global companies, in Latin America, North America, Asia-Pacific and Europe, found that organizations are moving in the right direction to develop global HR strategies that meet the diverse needs of their workforce across businesses and geographies. Almost half (49 percent) of companies indicated that their global HR strategy applies to all of their operating regions—not just their primary location—with most organizations conducting HR activities at a global, regional and local level depending on the process and the business needs. Additionally, HR is leading rather than lagging the business when it comes to moving to a more global focus; 30 percent of companies describe their HR organization design as global compared to 15 percent of companies that describe themselves as global.
Read the full article.
Tags: learning function, globalization, business acumen, research, trends
Categories: News