Not a Member? Get access to HR news and resources that you can trust.
We asked HR professionals to tell us about their time in HR. Here are their stories.
Is your employee handbook keeping up with the changing world of work? With SHRM's Employee Handbook Builder get peace of mind that your handbook is up-to-date.
Instructor-led guidance for your SHRM-CP/SHRM-SCP exam, no travel or time out of the office required.
#SHRM18 will expand your perspective – on your organization, on your career, and on the way you approach HR. Join us in Chicago June 17-20, 2018
Globalization has often been associated with large multinational corporations. But leaders of small and medium-sized organizations in the United States are adopting a more global mind-set—and so are HR professionals.
In the most recent
SHRM Workplace Forecast survey report released in February, a majority of HR professionals said that the following trends related to globalization will have a “major strategic impact” on businesses:
These workplace trends are among the top 10 identified in the report. In addition, 59 percent of the 1,247 HR professionals who responded to the survey predict that increased expansion of U.S. companies into the global marketplace will have a major strategic impact on the workplace—and on the HR profession itself.
Forty-two percent of the respondents report that, in response to globalization, their organizations already are selling or are planning to sell products and services in the global marketplace; 38 percent said they are expanding or planning to expand their business operations internationally.
These numbers are likely to increase in coming years because there is a growing base of middle-class consumers overseas that represents a major opportunity for increasing U.S. exports. In fact, the vast majority of economic growth during the next decade is expected to be outside the United States.
Large multinationals have led the way in tapping these growing markets, but now small and medium-sized companies are also expanding overseas. And recent trade numbers are promising: U.S. exports rebounded strongly last year, increasing
16.6 percent from low 2009 levels, according to the U.S. Commerce Department.
There has been a growing push among business organizations and the government to help small and medium-sized businesses increase their exports. The Obama administration launched the National Export Initiative in 2010 with the goal of doubling U.S. exports in five years and creating 2 million new jobs. Helping small companies expand into international markets is a primary focus.
The move into global markets can be daunting for leaders of many smaller businesses, but HR professionals in these companies can help. They can learn more about the cultural and human capital factors that will have the biggest effect on new international initiatives. They can work with government and business groups to navigate the legal and bureaucratic environments that can make it difficult for businesses to get started in new markets.
Just as the global marketplace represents a business opportunity for small and medium-sized businesses, HR professionals who adopt a more global business mind-set have an opportunity to grow professionally and personally.
The author is manager of the Workplace Trends and Forecasting program at SHRM.
You have successfully saved this page as a bookmark.
Please confirm that you want to proceed with deleting bookmark.
You have successfully removed bookmark.
Please log in as a SHRM member before saving bookmarks.
Your session has expired. Please log in again before saving bookmarks.
Please purchase a SHRM membership before saving bookmarks.
An error has occurred
Recommended for you
CA Resources at Your Fingertips
SHRM’s HR Vendor Directory contains over 3,200 companies