Custom Impact of globalization on industrial relations essay paper writing service Buy Impact of globalization on industrial relations essay paper online Introduction Globalization is vital in the drive of economic development and it concerns itself with all the actors in economy. Globalization has had a tremendous effect on the social partners and the labour relations have had to deal with new and dynamic situations.
Thus it has a wide scope and the present work attempts to highlight this impact as consequences of globalization and liberalization. Due to liberalization of economy, several organizations have taken a number of steps to improve operational efficiency.
This includes the introduction of quality management system, identification of NPAs and finding Impact of globalization on industrial relations and means to transform organizations into strategic business units or profit centers. Eventually many business houses have begun consolidating their businesses and large number of acquisitions and mergers have started taking place.
With large mergers and the development of new free markets around the world, major corporations now wield economic and political power then the governments under which they operate. In response, public pressure has increased for businesses to take on more social responsibility and operate according to higher levels of ethics.
Firms in developed nations now promote-and are often required by law to observe-nondiscriminatory policies for the hiring, treatment, and pay of all employees.
Some companies are also now more aware of the economic and social benefits of being active in local communities by sponsoring events and encouraging employees to serve on civic committees. Businesses will continue to adjust their operations according the competing goals of earning profits and responding to public pressures for them to behave in ways that benefit society.
However, on the recruitment front, as globalization evolves from being a mere corporate buzzword to basic economic reality, more and more organizations are realizing that they need managers and workers with skills that conform to the international standards.
The CEOs and senior recruitment consultants have to talk about why selecting and developing global managers. Hence organizations are keen to take care of expatriation and repatriation issues or meeting relocation costs to keep their employees motivated and to retain the best performers and keep building a global talent pool.
In this era of globalization, it is also necessary to study corporate governance, a concept that is multi dimensional. It includes the very fundamental issues like how organizations function in day-to-day dealing with customers, trade unions, suppliers, shareholders, government and the public.
Owing to so many forces, corporate governance requires more internal discipline over external accountability. The internal discipline implies that the quality of corporate governance must be of high order and that workers- management relations are conceived to achieve industrial harmony. Another astonishing fact in this era of globalization is the interaction between technological changes, primarily micro electronic technology, and industrial relations, while looking at the consequences it is felt that technological changes provide unprecedented opportunities for employers to gain control over the workforce and workers.
The present day high-tech information society has resulted in a shift in emphasis away form brawn to brain or from muscle to mind in the use of human energy.
Instead of conventional principles based on direction and control. Modern organizations have resorted to consent and consensus.
The decisions are least unilateral and such progressive ideas like workers empowerment and workers participation in management have been adopted.
As a result these organizations, their workers as knowledge Workers, their products as Knowledge based products owing to value additions and last but not least, of having contributed to the knowledge Economy which the nation is gradually heading towards. Globalization has also given competitive advantage to most organizations.
Accelerated growth, productivity improvement, and accent on total quality have been great milestones.Impact of globalisation on industrial relations in USA Under the globalization environment, Western developed countries such as United States of America has experienced new problems and very much challenge in its industrial relations.
Globalization and Labor This part examines the effects of globalization on industrial relations in three dimensions: (1) the impact of intensified competition and financial crisis on labor; (2) pressures to adopt internationally accepted labor standards; (3) labor's strategic responses to increasing competition.
Oct 06, · THE IMPACT OF GLOBALIZATION ON INDUSTRIAL RELATIONS The impact of globalization extends from human and social or ethical perspective to the strategic or technological perspective. Thus it has a wide scope and the present work attempts to highlight this impact as consequences of globalization and liberalization.
IMPACT OF GLOBALIZATION ON. INDUSTRIAL RELATIONS Presented By:Shivraj Singh Rathore Globalization: What does it means?
• The processes that brings people of different countries closer together. Hong Kong and Singapore. South Korea and Japan. the final result being an absence of barriers to economy of social relations.5/5(1). The paper has dealt with the globalization impact on industrial Relations.
Globalization is a process by which there is increased global interconnectivity, integration and interdependence among different nations. Impact of Globalization on Industrial relations - Download as Powerpoint Presentation .ppt /.pptx), PDF File .pdf), Text File .txt) or view presentation slides online.5/5(1).