Compare and contrast Human Resource Management Practices in Indigenous and Multi National Organisations in the current recession with reference to the following articles
Introduction
In this section of the continuous assessment I will be comparing and contrasting Human resources management in the multinational sector and also the indigenous sector. I will be referring to the extracts we have been advised to read which are:
1. Gunnigle, P., Lavelle, J. and Monaghan, S. (2011), Weathering the storm? Multinational companies and human resource management through the global financial crisis.
2. Roche, W., Teague, P., Couglan, A. and Fahy, M. (2011), Human Resource in the recession: Managing and Representing People at Work in Ireland.
I hope to be able describe an in-depth accurate approach into which the multinational companies and ingenious companies have been affected by the Global Financial Crisis (GFC).
From my study of Human Resources Management (HRM), and also macroeconomics we can see that Multinational Companies (MNC) account for a large amount of economic activity in Ireland, meaning Ireland is one of the most globalised economies in the world. This has sprung from Foreign Direct Investment (FDI) because the government has set the corporation tax so low for companies wanting to set up here in Ireland. Relate this to any other country, we can show that Ireland ranks highly in which ever sectors you look at for example we have 7 out of 10 of top worldwide global information and communications technology companies in Ireland and 9 out of 10 of the biggest pharmaceutical companies here also.
Before the GFC Ireland ranked the 5th most competitive economy in the world this was calculated on sectors such as government, education and technology. Ireland was the first euro zone country to it recession on September 2008. The main reason the economy crashed was because of our large reliance on the construction industry and the uncontrolled handling of loans from the banking sector. Within the first three years we saw huge decreases in the GDP (Gross Domestic Product) which feel by 3% from 2007 to 2008 and a further 8% by 2009.
In this section of the continuous assessment I will be comparing and contrasting Human resources management in the multinational sector and also the indigenous sector. I will be referring to the extracts we have been advised to read which are:
1. Gunnigle, P., Lavelle, J. and Monaghan, S. (2011), Weathering the storm? Multinational companies and human resource management through the global financial crisis.
2. Roche, W., Teague, P., Couglan, A. and Fahy, M. (2011), Human Resource in the recession: Managing and Representing People at Work in Ireland.
I hope to be able describe an in-depth accurate approach into which the multinational companies and ingenious companies have been affected by the Global Financial Crisis (GFC).
From my study of Human Resources Management (HRM), and also macroeconomics we can see that Multinational Companies (MNC) account for a large amount of economic activity in Ireland, meaning Ireland is one of the most globalised economies in the world. This has sprung from Foreign Direct Investment (FDI) because the government has set the corporation tax so low for companies wanting to set up here in Ireland. Relate this to any other country, we can show that Ireland ranks highly in which ever sectors you look at for example we have 7 out of 10 of top worldwide global information and communications technology companies in Ireland and 9 out of 10 of the biggest pharmaceutical companies here also.
Before the GFC Ireland ranked the 5th most competitive economy in the world this was calculated on sectors such as government, education and technology. Ireland was the first euro zone country to it recession on September 2008. The main reason the economy crashed was because of our large reliance on the construction industry and the uncontrolled handling of loans from the banking sector. Within the first three years we saw huge decreases in the GDP (Gross Domestic Product) which feel by 3% from 2007 to 2008 and a further 8% by 2009.