Peculiarities in the management of human resources. The case of India

Fabian Göddert

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Seminar paper from the year 2020 in the subject Business economics - Business Management, Corporate Governance, grade: 2,3, Heilb...

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Seminar paper from the year 2020 in the subject Business economics - Business Management, Corporate Governance, grade: 2,3, Heilbronn University, language: English, abstract: In the following elaboration, current trends in Human Resource Management (HRM) and the special influence of cultures in management will first be clarified. Subsequently, facts about India are given, which have a direct influence on HRM there. Afterwards, the specifics of HRM in India will be highlighted, followed by a comparison with HR practices in Germany. We live in a world in which a product touches almost every continent in its manufacture. There are international trade routes, trade agreements and new innovations to allow us to communicate across the globe within seconds. Companies have locations abroad and outsource certain business areas in order to save money or to take advantage of location-related benefits. Trade routes such as the Silk Road are being further expanded, and international shipping is also booming. In such an international world, different cultures often meet within companies. In order to avoid misunderstandings and conflicts, HR managers should inform themselves about the cultures of the country and know what special features exist in HRM. Companies like Bosch, for example, are internationally active and recruit IT specialists from India in particular. They even have an internal company slogan that says: Diversity is our advantage. According to ARD alpha, diverse companies achieve 42% higher sales than non-diverse companies. Therefore, companies must adapt to the globalized world and know and respect the special features of the cultures of other countries.