The Global Village and its HRM Implications Since late 80s, Indian companies finally realized the

importance of worldwide com petition. The rise of multinational and transnational corporations places new re quirements on HR managers. A. What is the global village? This term refers to the fact that businesses today operate around the world. Ens uring that employees can operate in the appropriate cultural milieu and that communications are understood by a multilingual diverse work force. Workers must also be able to operate in cultures that differ on variables such as status differentiation, societal uncertainty, assertiveness, and individualism. HRM also must help multi cultural groups work together. B. Globalisation and HRM Cultural environments that are diverse require more flexible management practice s in terms of Hiring, Training, Rewarding and Motivating employees and managers. Indian work force is strikingly heterogeneous. Employees have different aspiratio ns while taking up job / career in an organization depending on their social and economic background; and they learn informally when they work with individuals from different cultures. Technology, Changing demographics, and Globalization have resulted in diverse work force in which the proportion of women is significantly increasing. Need to attract and maintain a diversified work force that also reflects the diversity among customers. Managing employees in different age groups, social (s ubcultural groups) and helping them to work together is also an HRM challenge Changing Skills Requiremen ts: Increasing proportion of workers are now employed in the service sector, but the quality, capability and the technical sk ill is far from satisfactory. Skill deficiencies cost companies billions of dollars.