HRM Practices on Foreign-Owned Companies in Hungary

• Autorzy: Ayman Balawi , Esther W. Wachira
• Języki publikacji: EN

Abstrakty

EN

This paper sought to answer the question of how best human resource practices can support organisations in the current phase of internationalisation while still maintaining the local standards of the hosting country? In attempting to answer this question, the paper studied the HRM practices of Foreign-Owned Companies and Hungary's Socioeconomic environment. The study revealed that the Hungarian cultural society was more independent, and power hierarchy was not entrenched in the organisational cultures, highly individualistic, masculine, intolerant towards taking risks, realistic, and culturally restrained. The paper concluded that the increased FDIs and multinational companies in Hungary posed a great challenge to employees' effective and efficient management while still maintaining the host country's local standards. (original abstract)

Słowa kluczowe

EN

Human resources; Foreign investment; Human Resources Management (HRM); International labour market

PL

Zasoby ludzkie; Inwestycje zagraniczne; Zarządzanie zasobami ludzkimi; Międzynarodowy rynek pracy

• Czasopismo: Modern Management Review
• Rocznik: 2021
• Tom: 26
• Numer: nr 4
• Strony: 7--24

Twórcy

autor

Ayman Balawi

• University of Pécs, Hungary

autor

Esther W. Wachira

• University of Pécs, Hungary

Bibliografia

• Bembenek, B. (2014). The Importance of Organisational Culture in Cluster Management. "Modern Management Review". DOI: 10.7862/rz.2014.43.
• Berber, N., Morley, M. J., Slavić, A., Poór, J. (2017). Management compensation systems in Central and Eastern Europe: a comparative analysis. "The International Journal of Human Resource Management", 28(12). DOI: 10.1080/09585192.2016.1277364.
• Björkman, I., Stahl, G. (2006). International Human Resource Management Research: An Introduction to the Field '. Handbook of Research in International Human Resource Management, Cheltenham: Edward Elgar.
• Borgulya, I. (2011). Similarities and Differences in Cooperation and Communication of Eastern-Europeans [In:] Poór, J., Bóday, P., Kispál-Vitay, Zs., Eds, Trends and tendencies in human resource management in Eastern Europe [in Hungarian] (p. 43-61). Budapest: Gondolat Publishing House.
• Central Bank of Hungary (2020). Foreign Direct Investments [access: 23.01.2021]. Access on the internet: https://www.mnb.hu/en/statistics/statistical-data-and-information/statisticaltime- series/
• Chegri, M., Rigalma, H. Torra, M. (2021). Management Control System in the context of SMEs. "Modern Management Review", 26(3). DOI: 10.7862/rz.2021.mmr.16.
• Collings, D.G., Scullion, H., Morley, M. J. (2007). Changing Patterns of Global Staffing in The Multinational Enterprise: Challenges to the Conventional Expatriate Assignment and Emerging Alternatives. "Journal of World Business", 42. DOI: 10.1016/j.jwb.2007.02.005.
• De Cieri, H., Dowling, P. (1999). Strategic Human Resource Management in Multinational Enterprises: Theoretical and Empirical Developments [In:] Wright, P., Dyer, L., Boudreau, J., Milkovich, G., Eds., Strategic Human Resource Management: An Agenda for the 21st Century. JAI Press, Greenwich, CT.
• Dowling, P. J., Festing, M., Engle, A. D. (2013). International Human Resource Management. 6th ed. London: Thomson-Cengage. DOI: 10.1007/s11575-014-0236-1.
• Egedy, T. (2012). The effects of global economic crisis in Hungary. "Hungarian Geographical Bulletin", 61.
• Engle, A. D., Zaharie, M., Kerekes, K., Poór, J. (2020). Who Is in Charge Here? Evidence of the Division of Roles and Responsibilities Between Global and Local HR Managers in MNEs Operating in the CEE Region. "Journal of East-West Business", 26(1). DOI: 10.1080/10669868.2019.1689218
• Golejewska, A. (2002). Foreign Direct Investment and its employment effects in Polish manufacturing during transition. "Analizy i Opracowania KEIE UG".
• Hill, C. (2019). International Business: competing in the global marketplace. New York, Ny Mcgraw-Hill Education.
• Hitka, M., Lorincová, S., Ližbetinová, L., Schmidtová, J. (2017). Motivation Preferences of Hungarian and Slovak Employees are Significantly Different. "Periodica Polytechnica Social and Management Sciences", 25(2). DOI: 10.3311/ppso.10052.
• Hlavacek, P., Domanska, B. (2016). Impact of foreign direct investment on economic growth in Central and Eastern European Countries. "Inzinerine Ekonomika - Engineering Economics", 27(3).
• Hofstede, G., Hofstede, G. J. Minkov, M. (2010). Cultures and Organisations: Software of the Mind. Third Edition. Amazon Sales Rank. DOI: 10.1177/0022022110388567.
• Hofstede, G., Hofstede, G.J. (2005) Cultures and Organisations: Software of the Mind Revised and Expanded 2nd Edition. New York: McGraw Hill.
• Hofstede, G. (2021). Hofstede Insights- Cultural Dimensions. Hofstede Insights. Access on the internet: https://www.hofstede-insights.com/product/compare-countries/
• Hrehová, D., Cehlár, M. (2015). Quality human resources are most precious for the company [In:] International Multidisciplinary Scientific Geo Conference and EXPO, SGEM 2015, Albena, Bulgaria.
• Hungarian Central Statistical Office (2021): STADAT Tables [access: 22.07.2021]. Access on the internet: http://www.ksh.hu/stadat_eng
• Jenkins, R. (2006). Globalization, FDI and Employment in Vietnam. "Transnational Corporations" 15(1).
• Karoliny, Z., Farkas, F., Poór, J. (2009). In Focus, Hungarian and Central-Eastern European Characteristics of Human Resource Management - An International Comparative Survey. "Journal for East European Management Studies", 14(1). DOI: 10.5771/0949-6181-2009- 1-9.
• Karoly, F., Morvai, A.S. (2018). The Hungarian Labour Market. Institute of Economics, Centre for Economic and Regional Studies. Budapest: Hungarian Academy of Sciences.
• Keating, M., Thompson, K. (2004). International Human Resource Management: Overcoming Disciplinary Sectarianism. "Employee Relations", 26(6). DOI: 10.1108/ 01425450410562191.
• Lőrincz, N. (2018). Being an investment target in CEE. Country attractiveness and nearshoring. "Vezetéstudomány / Budapest Management Review", 49(5). DOI:10.14267/ veztud.2018.05.05.
• Mazur, B., Walczyna, A. (2020). Bridging Sustainable Human Resource Management and Corporate Sustainability. "Sustainability", 12(21). DOI: 10.3390/su12218987.
• Michael, M., Poór, J., Heraty, N., Alas, R., Pocztowski, A (2016). Developments in Human Resource Management in Central and Eastern Europe in Comparative Perspective [In:] Brewster, Ch., Dickmann, M., Sparow, P., International Human Resource Management, 3rd Contemporary HR Issues in Europe. New York: Taylor and Francis.
• Mulang, A. (2015). The Importance of Training for Human Resource Development in Organization. "Journal of Public Administration and Governance", 5(1). DOI: 10.5296/ jpag.v5i1.7505.
• National Bank of Hungary (2021). Foreign Direct Investment [access: 04 May. 2021]. Access on the internet: http://www.mnb.hu
• Németh, A., Németh, P., Vékás, P. (2019). Demographics, Labour Market, and Pension Sustainability in Hungary. "Society and economy", 42(2). DOI: 10.1556/204.2019.015.
• OECD (2016). Economic Surveys. Hungary. OECD Publishing, Paris.
• OECD (2020). OECD Economic Surveys: Hungary, OECD Publishing.
• OECD - Foreign Direct Investment Statistics (2021) [access: 29.11.2021]. Access on the internet: https://www.oecd.org/investment/statistics.htm
• Peter J., Dowling, M. F., Allen D. E. (2013). International Human Resource Management 6th Edition, Cengage Learning EMEA. DOI: 10.1080/09585192.2015.1041761
• Péter, F., József, P. (2009). The Impact of The Economic and Financial Crisis on HRM and Knowledge-Management in Hungary and Slovakia - Empirical Research 2008-2009. "Acta Polytechnica Hungarica", 6. DOI: 10.3311/pp.so.2012-1.04.
• Poór, J. (2009). Managing human resources in Hungary. In M. J. Morley, N. Heraty, & S. Michailova (Eds), Managing human resources in Central and Eastern Europe (p. 188-218). New York: Routledge.
• Poór, J., Engle, A. D., Brewster, C. (2017). HRM in Transition-practices of MNC - subsidiaries in Central and Eastern Europe, Russia and Kazakhstan (2015-2016). J. Selye University.
• Poór, J., Engle, A. D., Szlávicz, A., Kerekes, K., Szabó, K., Kovács, I.E., Józsa, I., eds. (2015). Human Resource Management Issues and Challenges in Foreign Owned Companies: Central and Eastern Europe (2011-2013).
• Poór, J., Karoliny, Z., Dobrai, K., Slavic, A., Kerekes, K., Farkas, F., Engle, A. D. (2014). Factors Influencing Human Resource Management Solutions at Subsidiaries of Multinational Companies in Central and Eastern Europe. "Journal of East-West Business", 20(2). DOI: 10.1080/10669868.2014.897288
• Popescu, G. H. (2014). FDI and economic growth in Central and Eastern Europe. "Sustainability" (Switzerland), 6(11),8149-8163. DOI: 10.3390/su6118149
• Radulescu, M., Serbanescu, L., Sinisi, C. I. (2019). Consumption vs. Investments for stimulating economic growth and employment in the CEE Countries - a panel analysis. "Economic Research-Ekonomska Istrazivanja", 32(1). DOI: 10.1080/1331677X.2019.1642789.
• Santander (2019). Hungary: Foreign Investment [access: 28.07.2021]. Access on the internet: https://santandertrade.com/en/portal/establish-overseas/hungary/foreign-investment
• Scullion, H., Collings, D. G., Gunnigle, P. (2007). International Human Resource Management in the 21st Century: Emerging Themes and Contemporary Debates. "Human Resource Management Journal", 17. DOI: 10.1111/j.1748-8583.2007.00047.x.
• Stahl, G., Morris, S. (2012). Handbook of Research in International Human Resource Management. Edward Elgar Publishing Ltd. USA. ISBN: 9781849809184.
• Thill, K., Venegas, B.C., Poór, J. (2016). HR Positioning - A Matter of National Culture? Facts from Hungary. "Business Perspectives and Research" 4(2). DOI: 10.1177/ 2278533716642642.
• UNCTAD (2020). World Investment Report (United Nations Conference on Trade and Development) [access: 04.07.2021]. Access on the internet: https://unctad.org/topic/ investment/world-investment-report
• Venegas, C., Thill, B., Rašticová, K., József, P., Zdeňka, K. (2016). Examining the Roles of Human Resource Management in Foreign-Owned Firms: Focus on Three CEE Countries and Austria. "European Journal of Business Science and Technology", 2(1). DOI: 10.11118/ejobsat.v2i1.21
• Wolfe, J., Poór, J. (1992). Socio-Economic Note Hungary 1990 and Mechanical Tools Factory. [In:] Wheeler, T. L., Hunger, D. J., Eds, Strategic management and business policy (p. 1014-1061). Boston: Addision-Wesley Publishing Co.York: McGraw-Hill.
• World Bank (2018). World Bank Group - International Development, Poverty, & Sustainability [access: 07.01.2021]. Access on the internet: https://www.worldbank.org
• Worldatlas (2017). Hungary Facts on Largest Cities, Populations, Symbols - Worldatlas.com. [access: 23.07.2021]. Access on the internet: https://www.worldatlas.com/webimage/ countrys/europe/hungary/hufacts.htm

Identyfikatory

DOI

10.7862/rz.2021.mmr.21