Final answer:
HR plays a pivotal role in global strategic management by aligning local subsidiary practices with global strategies, creating inclusive policies, and partnering in strategy formation. It ensures coordination across multiple jurisdictions and addresses workforce discrimination, contributing to the broader organizational goals.
Step-by-step explanation:
The major role that HR plays in supporting global strategic management involves the integration of HR policies and practices into the global strategy of an organization. This can entail creating HR policies that promote global inclusion, which ensures that although subsidiaries may retain their local identities, they are aligned with the organization's overarching strategy. Furthermore, HR can contribute to strategic management by partnering with leadership to craft and implement global strategies that account for various cultural, legal, and societal factors. This coordinated approach helps multinational corporations meet local and global objectives, adhere to the principles of initiatives such as the United Nations Global Compact, and support the development and sustainability goals.
Professionalism in HR can also mitigate biases in hiring processes. For instance, professionalized HR functions reduce hiring discrimination, as evidenced by research in Canada with regard to Asian-named applicants and their chances of employment. Additionally, the evolving manager/employee relationship is integral to HR's role in strategic management, enabling a partnership where both parties contribute to meeting the organization's goals.