Industrial and Organizational psychology played a vital role in influencing the evolution of the business industry over the ages. Psychologists in this field have been studying the factors that affect organizational operations. The study examines the contributions of Industrial and Organizational psychology to ensure efficient human resource management in multinational companies. It covers all aspects of I/O psychology, from its origin and evolution to its current operational statistics. The investigation explores the various I/O psychology theories and strategies applied in the human resource management of multinational companies. This study investigates the local societal influence on multinational companies conducting business in the USA and India. It also provides a comparison of individualism versus collectivism based on the GLOBE study and Hofstede's cultural dimensions. The research analyzes three specific periods- Pre-COVID, COVID, and Post-COVID. The consequences of COVID-19 have had a major impact on the functional procedures of human resource management in the business industry. Industrial and Organizational psychology are currently developing strategies to deal with some of the major consequences of the pandemic. The study suggests techniques that help human resource managers adapt to the new circumstances of the business industry.
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- A. M. Joseph Kumar (Author), Sally Graham (Author), Swetha Shastry (Author), Mary Patricia (Author), 2024, A Study on the Role of Industrial-Organizational Psychology in Human Resource Management. Operational Variations in MNCs (USA and India), Munich, GRIN Verlag, https://www.grin.com/document/1583295
