Go Back   ManagementParadise.com Discussion Forums Management Students Voices ( MBA,BMS,MMS,BMM,BBA) > HOT Debates - The Big Fight

Impact of Globalization on Industrial Relations

Discuss Impact of Globalization on Industrial Relations within the HOT Debates - The Big Fight forums, part of the Management Students Voices ( MBA,BMS,MMS,BMM,BBA) category; ...

Reply

 

Thread Tools Display Modes
Impact of Globalization on Industrial Relations
Old
 (1 (permalink))
ceres_shweta
ceres_shweta is an unknown quantity at this point
 
ceres_shweta
 
Status: Offline
Posts: 1
Join Date: May 2009
Thumbs up Impact of Globalization on Industrial Relations - May 30th, 2009

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.
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 ways and means to transform organizations into strategic business units or profit centers. Another step that was taken in the wake of globalization or in the post-New economic policy 1991 era was the government’s decision to disinvest their stake in the equities of leading public sector undertakings. 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. Among the employment benefits that are prevalent are VRS, ESOP and other fringe benefits.
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. Truly speaking, in a global economy, organizations that have entered into strategic alliances and initialed innovative practices have made huge differences to their enterprises. However, world Bank and IMF have also advised such organizations to focus their attention on social and labor issues and align themselves to the effort being made by institutions like UNESCO and ILO. In India, the confederation of Indian Industries (CII) has addressed itself to social and ethical issues and a few organizations have shown concern to these issues including those under study in this project.
Globalization has necessitated certain structural adjustments (restructuring and
diversifications), which as led to cutting off the jobs and recession in the employment scenario.
Social security systems in most industrialized countries have become vulnerable. Such large scale redundancies like stopping indexation of wages, workforce reduction and like are a major cause of concern but at the same time the rise of informal sector employment and part time employment has offered some relief.
Privatization proved a major thrust to promote global trends. Eventually the trade unions
become concerned about their job loss and potential adverse effects on their group dynamics and their rights. Hence some unions initially came forward to impede the growth of privatization in general and restructuring and diversification in particular. But gradually they understood that in fact privatization is beneficial for the trade unions as they gain more rights like right to organize, right to collective bargaining. The right to strike which has been restricted or denied in public services is now made available to private enterprises. It is yet to determine the negative effects of privatization on collective bargaining and trade dynamics and thus it becomes one of the objectives of this study.
Advertisements

Friends: (0)
Reply With Quote
Re: Impact of Globalization on Industrial Relations
Old
 (2 (permalink))
Surya Narayana Adiga
surya.adiga86 is an unknown quantity at this point
 
surya.adiga86
Student of Bachelor of Engineering at PES
Bangalore, Karnataka
 
Institute: PES
Status: Offline
Posts: 1
Join Date: May 2009
Location: Bangalore, Karnataka
Re: Impact of Globalization on Industrial Relations - May 31st, 2009

Quality Management and striking the right balance between imports and exports is the main key to tackle the problems of globalisation.
Friends: (0)
Reply With Quote
The Following User Says Thank You to For This Useful Post:
Re: Impact of Globalization on Industrial Relations
Old
 (3 (permalink))
Savio Cabral
savio13 is a glorious beacon of lightsavio13 is a glorious beacon of lightsavio13 is a glorious beacon of lightsavio13 is a glorious beacon of lightsavio13 is a glorious beacon of lightsavio13 is a glorious beacon of light
 
savio13
Student of Arts & Law
Mumbai, Maharashtra
Management Paradise Member
Status: Offline
Posts: 1,390
Join Date: May 2009
Location: Mumbai, Maharashtra
Lightbulb Re: Impact of Globalization on Industrial Relations - June 11th, 2009

Quote:
Originally Posted by ceres_shweta View Post
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.
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 ways and means to transform organizations into strategic business units or profit centers. Another step that was taken in the wake of globalization or in the post-New economic policy 1991 era was the government’s decision to disinvest their stake in the equities of leading public sector undertakings. 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. Among the employment benefits that are prevalent are VRS, ESOP and other fringe benefits.
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. Truly speaking, in a global economy, organizations that have entered into strategic alliances and initialed innovative practices have made huge differences to their enterprises. However, world Bank and IMF have also advised such organizations to focus their attention on social and labor issues and align themselves to the effort being made by institutions like UNESCO and ILO. In India, the confederation of Indian Industries (CII) has addressed itself to social and ethical issues and a few organizations have shown concern to these issues including those under study in this project.
Globalization has necessitated certain structural adjustments (restructuring and
diversifications), which as led to cutting off the jobs and recession in the employment scenario.
Social security systems in most industrialized countries have become vulnerable. Such large scale redundancies like stopping indexation of wages, workforce reduction and like are a major cause of concern but at the same time the rise of informal sector employment and part time employment has offered some relief.
Privatization proved a major thrust to promote global trends. Eventually the trade unions
become concerned about their job loss and potential adverse effects on their group dynamics and their rights. Hence some unions initially came forward to impede the growth of privatization in general and restructuring and diversification in particular. But gradually they understood that in fact privatization is beneficial for the trade unions as they gain more rights like right to organize, right to collective bargaining. The right to strike which has been restricted or denied in public services is now made available to private enterprises. It is yet to determine the negative effects of privatization on collective bargaining and trade dynamics and thus it becomes one of the objectives of this study.
The company these days are undergoing downfall... But the company has to retain its employees .. this way the experienced players of the company are not lost....

The company should reduce the salary.....

But shouldn't sack their employees....



To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.


............SAVIO
Friends: (3)
Reply With Quote
Re: Impact of Globalization on Industrial Relations
Old
 (4 (permalink))
Dimpy Handa
dimpy.handa is on a distinguished road
 
dimpy.handa
Student of B.Com(H) at Delhi university
Delhi, Delhi
Management Paradise Guru
 
Institute: Delhi university
Status: Offline
Posts: 2,666
Join Date: Oct 2010
Location: Delhi, Delhi
Re: Impact of Globalization on Industrial Relations - March 30th, 2011

The various negative Effects of Globalization on Indian Industry are that it increased competition in the Indian market between the foreign companies and domestic companies. With the foreign goods being better than the Indian goods, the consumer preferred to buy the foreign goods. This reduced the amount of profit of the Indian Industry companies. This happened mainly in the pharmaceutical, manufacturing, chemical, and steel industries. The negative Effects of Globalization on Indian Industry are that with the coming of technology the number of labor required decreased and this resulted in many people being removed from their jobs. This happened mainly in the pharmaceutical, chemical, manufacturing, and cement industries.
Friends: (0)
Reply With Quote
The Following User Says Thank You to For This Useful Post:
Re: Impact of Globalization on Industrial Relations
Old
 (5 (permalink))
Murgha Joshi
joshi.murgha is an unknown quantity at this point
 
joshi.murgha
Student of MBA at MAHATMA INSTITUTE OF MANEGEMENT STUDIES AND RESEARCH
Navi Mumbai, Maharashtra
Management Paradise Member
 
Status: Offline
Posts: 839
Join Date: Aug 2013
Location: Navi Mumbai, Maharashtra
Re: Impact of Globalization on Industrial Relations - August 14th, 2014

Thanks.. Really Appreciate you Post
Friends: (0)
Reply With Quote
Re: Impact of Globalization on Industrial Relations
Old
 (6 (permalink))
Namal Khan
namal12 is an unknown quantity at this point
 
namal12
Status: Offline
Posts: 1
Join Date: Oct 2014
Re: Impact of Globalization on Industrial Relations - October 10th, 2014

Great Research Information, very well prepare.


namal
Friends: (0)
Reply With Quote
Re: Impact of Globalization on Industrial Relations
Old
 (7 (permalink))
Business Education
Business-education is on a distinguished road
 
Business-education
Student of BMM
Mumbai, Maharashtra
Management Paradise Guru
Status: Offline
Posts: 4,329
Join Date: Jun 2012
Location: Mumbai, Maharashtra
Re: Impact of Globalization on Industrial Relations - May 22nd, 2015

Although Globalization took place because of industrialization but Important thing which i thing what are the relations between Globalization and employment relations.here are some interesting facts given below.

Although no one disputes that employment relations worldwide have been greatly affected by globalisation, no clear consensus has emerged on the nature and significance of this impact. The seven contributions to this symposium pursue a comparative approach, suggesting that direct analysis of employment relations in distinct industries in two comparably-sized economies since the advent of globalisation leads to a more precise understanding of the interaction of globalisation and employment relations, and sets a pattern for other studies to follow.
The economies studied in the symposium are Australia and Korea, and the industries are automobile (and auto parts) manufacturing and retail banking. In both countries, labour unions play a key role in the way in which employers and governments react to political and economic pressures.
Among the particular topics discussed by the contributors are the following:
effects of the 1997 financial crisis in Korea;
the extent to which the automobile industry in one country (Korea) depends on parts and raw material from another country (Australia);
cross-border cooperation between unions;
the growing trend toward enterprise bargaining;
conciliation and arbitration of industrial disputes; and
the role of government-sponsored industrial relations commissions.
The contributing authors are all industrial relations authorities in Australia or Korea. The in-depth analysis they offer in these very specific areas will be of value to labour lawyers and industrial relations scholars everywhere for the light it sheds on this crucial aspect of contemporary social and economic development.
Friends: (0)
Reply With Quote
Re: Impact of Globalization on Industrial Relations
Old
 (8 (permalink))
Kolade Gbadebo Alani
kolade_2013 is an unknown quantity at this point
 
kolade_2013
Status: Offline
Posts: 1
Join Date: Jul 2016
Re: Impact of Globalization on Industrial Relations - July 21st, 2016

I want writes up and contributions on Effect of Global Financial Crisis on International Finance
Friends: (0)
Reply With Quote
Re: Impact of Globalization on Industrial Relations
Old
 (9 (permalink))
Bhautik Kawa
bhautik.kawa is on a distinguished road
 
bhautik.kawa
Community Manager at ManagementParadise.com
Management Paradise Guru
Status: Offline
Posts: 2,414
Join Date: Oct 2012
Re: Impact of Globalization on Industrial Relations - July 22nd, 2016

Quote:
Originally Posted by kolade_2013 View Post
I want writes up and contributions on Effect of Global Financial Crisis on International Finance
Hello friend,

Here I am sharing few links which help you in Study.

follow links:

# The Global Banking Financial Crisis's and Its Impact on Developing Nations: Case Study Africa
# Financial crisis 2008
# Video's on Financial crisis
# Global Financial Management Projects | Projects on Global Financial Management


1.READ RULES CAREFULLY BEFORE POSTING.REFER FAQS.
2.USE SEARCH OPTIONS.DO NOT ASK FOR PROJECTS.
3.DO NOT POST YOU MAIL IDS.
4.CLICK ON THANKS BUTTON TO THANK A PERSON.
5.DO NOT POST REGARDING HOW INFORMATIVE/HELPFUL A THREAD WAS, RATE IT.
6.POST IN CORRECT SECTIONS.DO NOT SPAM.



To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.
|
To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.
Friends: (0)
Reply With Quote
Re: Impact of Globalization on Industrial Relations
Old
Jayashree Iyer
jayashreemarg is an unknown quantity at this point
 
jayashreemarg
Trainee at Marg Online
 
Status: Offline
Posts: 95
Join Date: Apr 2016
Re: Impact of Globalization on Industrial Relations - October 6th, 2016

One view is that globalization has created pressures for convergence between different countries in regard to employment relations. Another is that national level institutions play a mediating role in maintaining cross-national differences, leading to divergence.



To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.
|
To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.
|
To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.
Friends: (0)
Reply With Quote
Reply

Bookmarks

Tags
globalization, impact, industrial, relations


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are Off


ManagementParadise.com is not responsible for the views and opinion of the posters. The posters and only posters shall be liable for any copyright infringement.



Search Engine Optimization by vBSEO ©2011, Crawlability, Inc.