Finance Sector Trade Union - International HRM Strategies - Banking Industry HRM Strategy Analysis Assignment Help

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HRM Strategy Analysis Assignment Help

Task: Global forms of work have become a common feature for multinational corporations (MNCs) nowadays. As the phenomenon of global work forms an integral part of international business (IB) and human resource management (HRM), it is important for MNCs to understand and manage the complexity of globalization trends that would impact on their design and development of global work and their overall international business activities, which should be largely supported by their international HRM strategies – that is, a set of internally coordinated policies and practices per se adopted by either headquarters and subsidiaries of MNCs located in home and host countries. Furthermore, uncertain global economic and political outlooks (e.g. Brexit; refugee migrations; changing governments), together with cultural and institutional differences between home and host countries, have created many challenging for MNCs to manage their global work and diverse employee groups across borders. In this assignment, you are required to examine and evaluate the international HRM strategies adopted by one of the successful Australian multinational companies in the banking industry, AUSSIE Bank (fictitious). AUSSIE Bank has been commonly known in Australia for its ‘service delivery excellence’ achieved via a number of effective HRM practices such as 1) encouragement of building autonomous work teams that allow for discretionary decision making when dealing with customers directly; 2) high levels of employee participation in managerial decision-making as a means of encouraging genuine employee commitment towards achieving organizational objectives; 3) flexible work arrangement practices to allow employees with a reasonable degree of work-life balance, and job/life satisfaction; and 4) collaboration with the Finance Sector Trade Union (FSTU) to facilitate potential employee grievances being aired openly and dealt with expediently. AUSSIE Bank has recently planned to expand its international business operation to Brazil. Your task is to conduct an analysis on how current globalization trends may have an impact on developing AUSSIE Bank’s international HRM strategies, and assess whether cultural and institutional differences between Australia and Brazil could have impacted on the firm’s development and implementation of its key human resource management strategies for its subsidiary operating in Brazil. As a result of your analysis, you are required to produce a cohesive written essay, which should focus, nonexclusively, on addressing the following questions: 1) How would the current development of globalization trends impact on the Australian firm’s ability to design and develop the different forms of global work to support its international expansion and business development? 2) What are the main regulatory and cultural differences between Australia and Brazil that would likely challenge the choice of the Australian firm to select and manage their employees within the banking industry in Brazil? In particular, would these differences likely create issues with reference to employee relations management, work design, pay and benefits, and other working conditions for employees inside Brazil and those in Australia? 3) Is it feasible for the Australian firm to transfer the aforementioned HRM practices effectively applied in Australia to provide exceptional banking service delivery equally to the subsidiary in Brazil?

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