9) The Implications of BRICS Formation on Global HRM and SHRM: A Theoretical Perspective
- By Amal Piyasena The Implications of BRICS Formation on Global HRM and SHRM: A Theoretical Perspective The formation of BRICS, an association of five major emerging economies - Brazil, Russia, India, China, and South Africa, has drawn significant attention from both political and economic arenas. While BRICS is primarily an economic and political alliance, its formation has profound implications for Human Resource Management (HRM) and Strategic Human Resource Management (SHRM) in both member and non-member countries. Drawing upon established HRM theories, this article endeavors to unpack the potential impacts and benefits of BRICS on the new world HRM. Table on HRM Theories and BRICS Implications: 1. Universalistic vs. Contingency HRM Theories Universalistic Perspective: This theory posits that there's a universal set of HR practices beneficial for every organization (Delery & Doty, 1996). Under the BRICS alliance, there could be a convergence of best HR practices, allowing ...
