Contribution #13: Education-Human Capital

The role of managing HR globally, including different strategic goals, depends upon the education available to the workforce. HR managers must assess the type of work that makes the most sense to send to foreign countries. Countries that give their citizens more educational opportunities have higher levels of human capital. The amount of human capital that a country offers determines whether companies send their low-skill work offshore because it costs less, due to the lack of education offered in the foreign country. The usually involve jobs that require both low skills and low wages, as previously mentioned, to give the company a competitive advantage in that market. How educated the workforce is affects HRM because they have to know the knowledge, skills, and experiences that have economic value in that country; which directly impacts how much training HR has to do and how much training it might have to give to expatriates to train those employees.