Strategy Human Resource Management Concept and Its Vital Role in an World-Wide and Powerful Organization: Mirae Asset Financial Group

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STRATEGY HUMAN RESOURCE MANAGEMENT CONCEPT AND ITS VITAL ROLE IN AN WORLD-WIDE AND POWERFUL ORGANIZATION: MIRAE ASSET FINANCIAL GROUP

August 2011
Hochiminh city, Vietnam
Table of Content
STRATEGY HUMAN RESOURCE MANAGEMENT CONCEPT AND ITS VITAL ROLE IN AN WORLD-WIDE AND POWERFUL ORGANIZATION: MIRAE ASSET FINANCIAL GROUP1
About the Organization3
SHRM in a Changing and Shrinking world: Internationalization of Business and the Role of SHRM for Mirae Asset5
What is International business?5
The significance in the growth of multinational companies5
What is international human resource management?5
Key Features of Strategic Human Resource Management6
Integrative Framework of SIHRM in MNCs7
How “cross-culture” (inter-culture) perspective become important to a MNC and particularly to its SIHRM?8
Why is SIHRM so important to develop an international organization like Mirae Asset?8
Strategic Recruitment and Selection: Much ado about nothing?11
What is Strategic Recruitment and Selection (SR&S)?11
How Strategic Recruitment and Selection align to the Organization’s missions and plans?12
Forbes research: What if employee recruitment, retention and training are not aligned with strategy, or that resources are not allocated properly to ensure that the workforce can achieve strategic goals?12

And what is MIRAE ASSET’s strategic recruitment and selection to conquer its ambition of “being a giant in merging market in terms of asset management”?14
CONCLUSION:16

About the Organization
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“As emerging market experts, we contribute to our clients’ successful investment management and help people prepare for a secure retirement.”

Mirae Asset Financial Group is a large independent financial services firm based in Seoul and primarily engaged in asset management, investment banking, and life insurance for institutional and retail clients. A subsidiary, Mirae Asset Global Investments Group, is one of Asia’s largest asset managers and is perennially one of the world’s leading equity investors in emerging market. In 2008, Mirae Asset had assets under management of USD 54.2 billion invested in emerging market equities. In 2009, Mirae Asset was recognized as the largest asset manager in Asia (in terms of retail assets raised) with USD 50.6 billion. Being a Multinational company: Mirae Asset Financial Group has a solid competitive edge with its extensive network of operations in emerging markets covering Brazil, China, India, Korea and Vietnam. Furthermore, we have taken active measures to expanding into more advanced capital markets, including Hong Kong, Singapore, U.K. and the U.S and having 17.000 staff all over the Head quarter and branches. Figure 1: Mirae Asset Financial Group

Singapore
India
United Kingdom
Korea
China
vietnam
Brazil
United States
Hongkong

The four businesses within the Mirae Asset Financial Group have their own unique traits and specialties. Yet, each works closely with its sister companies to achieve synergistic results for the group and our clients. Asset Management

Mirae Asset has a full service asset management company specializing in mutual funds, beneficiary certificates and alternative investment products such as private equity funds (PEFs), property funds and infrastructure funds. Securities

Mirae Asset offers comprehensive wealth management, consulting, brokerage and investment banking services, all based on our extensive knowledge and our ongoing research into global investment opportunities. It’s currently expanding the network to new markets around the world, with an emphasis on the private banking segment. Life Insurance

Mirae Asset provides its clients a range of products, including variable life insurance, ordinary life insurance and retirement pensions Capital
Mirae Asset provides initial funding to promising...
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