The impact of globalization and multinational companies on labour Essay

The disturb of globalisation and international companies on labour markets - Essay ExampleDue to the rapid improvements on communications technology, economic freedom and the continuous promotion of trade liberalization2 (World Trade Organization 2008), modern business trend has in stages shifted from multinationalism to globalization.It is also crucial for businesses today to actively participate in the trading of goods and services in the realness market. In reality, globalization is not only focused on the continuous global movements of goods and services from whiz country to another but also the global traffic of human resources3 (Steger 2003, p. 37). With regards to the large supply of accessible work force in the labour market, a lot of medium- and large-scale businesses have been taking profit of the opportunity to hire competitive employees at a minimum wage.To enable the readers to fully understand the wallop of globalization and multinational companies on labour m arket, the definition and main purpose of globalization will first gear be provided. In response to globalization, the impact and some of the common HR strategies used by multinational companies in response to globalization will be identified and thoroughly discussed. Eventually, ways on how globalization and the HR strategies used by most multinational companies trigger either affirmative or disconfirming impact over the labour market will be identified.To enable us to increase the positive impact of globalization on labour market, recommended solutions on how we can effectively counteract the negative impact of globalization and ways in which most multinational companies are currently treating employees will be provided. globalisation is a process of interaction and integration among people, companies, and governments of different countries which is driven by international trade and investiture through the use of information technology4 (The Levin Institute 2008). Basically, globalization allows business people to maximize their available financial