UNIT – I Lesson 1 HRM – AN OVERVIEW Lesson Outline Nature of ...

Summary
3. Explain the role of Government in the area of Human Resources.
4. How does HRM practices with reference to MNCs have special features?
Both internal and external environments have a special bearing on HRM practices.
The internal environment includes,
i. Trade Unions
ii. Organizational culture and conflicts
iii. Professional bodies
External environment chiefly consists of
a) Economic factors
b) Political factors
c) Technological factors
d) Demographic factors.
HR practices are significant in achieving corporate excellence.
Government has a positive role to play in developing the HR. It is macro level
development. Legislations and schemes for technicals and entrepreneurs are other
measures.
MNCs have become a significant force in trade, business and industry. In view of
MNCs operations with a very wide network spread to different nations, language and
technical differences along with cultural variations the HRM practices for MNCs have
special features.
Answer key
1. Explain environment – Different internal environment and consequently the
approach needed by HRM.
2. External environment – outside the Company-Important external factors and
their bearing HRM.
3. Role of Government is significant – Macro level planning – Training
programmes – Legislations and control.
4. MNCs-peculianties – Need for specialized approach.