The impact of globalization and multinational companies on labour Essay

The impact of globalization and multinational companies on labour markets - Essay Example Due to the rapid improvements on communications technology, economic freedom and the continuous promotion of trade liberalization2 (World Trade Organization 2008), modern business trend has gradually shifted from multinationalism to globalization. It is also crucial for businesses today to actively participate in the trading of goods and services in the world market. In reality, globalization is not only focused on the continuous global movements of goods and services from one country to another but also the global traffic of human resources3 (Steger 2003, p. 37). With regards to the large supply of available work force in the labour market, a lot of medium- and large-scale businesses have been taking advantage of the opportunity to hire competitive employees at a minimum wage. To enable the readers to fully understand the impact of globalization and multinational companies on labour market, the definition and main purpose of globalization will first 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 positive or negative impact over the labour market will be identified. To enable us to maximize 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. Globalization is â€Å"a process of interaction and integration among people, companies, and governments of different countries which is driven by international trade and investment through the use of information technology†4 (The Levin Institute 2008). Basically, globalization allows business people to maximize their available financial

Journal Essay Example | Topics and Well Written Essays - 750 words - 11

Journal - Essay Example This trend makes people unenthusiastic to volunteer for testing. The fundamental strategy in resolving this problem is closely associated with the application of strategic ways of wooing the masses to appreciate this significant service. This can be done through encouragement and provision of information on the benefits attributed to HIV counselling and testing. In addition, information should be conveyed to curb the tendency of discrimination against the HIV victims2. The home based approach (HMT), enhances visitation of people by health workers at their homes for counselling and testing. This is done regardless of the group’s perceived HIV risk. The home based approach is perceived to be the widespread tool for counselling and testing HIV. This approach has received overwhelming support from the international players in a bid to prevent and cure HIV. This study focuses on the acceptability of HBT particularly the most prevalent Sub-Saharan Africa region3. In addition, this study examines the factors associated with the uptake of HBT. The researchers searched numerous databases to identify suitable peer-reviewed studies from Africa, which where published amid January 2000 and September 2012. The research included in-depth study of materials that prescribed accepting HIV testing provided through home based HIV test. Diverse types of studies were done. They include randomized controlled trials, observational cohort studies and cross sectional surveys. The magnitude of the information collected by the various methods was attributed to the pooling together of data for easy calculation, of the overall proportion of the people who accepted HIV testing through Home based test. 524, 867 people formed the sample population. They were drawn from five African countries. This study revealed that the ratio of people who accepted HBT ranged from 58% to 99%. It is worth noting that, the