With the world becoming a global village, companies are increasingly expanding their presence across the world. This has resulted in the challenge of managing a more demanding and a culturally diverse work force. Organizations are becoming flatter in their hierarchies resulting in more open communication channels than ever before. This has resulted in faster redressal of issues, increased transparency and in establishing a culture of trust within the organization giving scope for new trends.

It has never been so good for an Indian employee. With so many MNC's setting up shop in India, one can choose from an array of companies matching one's skill set. The major challenge for the human resource departments is to manage these employees in a productive and an effective way.

"Everybody has accepted by now that change is unavoidable. But that still implies that change is like death and taxes. It should be postponed as long as possible and no change would be vastly preferable. But in a period of upheaval, such as the one we are living in, change is the norm." Peter Drucker

As globalization takes place and companies expand their presence across the country and globe, the most challenging aspect of an organization is managing human resource within and across these boundaries. Understanding the local culture is of paramount importance before setting up the human resource policies.

Global CEO Magazine, Human Resource, Communication Channels, Multinational Corporations, MNCs, Globalization, Peter Drucker, Human Resource Policies, Mergers and Acquisitions, Performance Appraisal, Human Resource Management, HRM.