How do Flexibility and Work-life Balance Practices in Multinational Corporations Affects on the Transfer of Personnel across Borders
Globalization has marked the dissemination of commodities, ideas as well as the complex communications and transportation technology and services around the globe. And, the most focal point here is the inevitable mass migration and the movement of people or transfer of employees across nations. This trend of business nowadays offers a tremendous potential market to various companies. However, the factors that only hinder these multinational corporations to go beyond borders are the diverse expectations, standards of living, different cultures and values; as well as the varied legal systems and the unexpected global cause and effect factors among the people. Furthermore, for over the years now, the transfer of personnel into different countries has been a process by which various economies and industries in every part of the world have become integrated. The integration of multinational companies has started when modern technological system provided an efficient and effective trade of products and services across countries. Similarly, the flow of capital as well as the migration of people across international boundaries has begun to make much easier and faster to conduct businesses in every part of the world. In the same way, it enables to help multinational corporations to expand their operations and market to various countries. (http://www.answers.com/topic/globalization)
In this regard, globalization has able to create millions of jobs for people. In fact, Business Week has just featured that from Malaysia up to Mexico there is an affordable goods for Western consumers such as phone service for some 300 million households in developing countries and enables to transfer estimated $ 2 trillion revenue from rich countries to underdeveloped countries. Admittedly, this current trade situation nowadays has had numerous positive impacts on the nations and businesses around the world. However, there are still debates hovering around that multinational companies have contributed to labor, environmental and human rights abuses as they are the one that maneuver profit sharing around the globe.
(http://www.answers.com/topic/globalization)
Correspondingly, the international business integration that happens now has also negative impacts to the people. For it causes economic and social changes as well as great cultural and geographical adjustments among the workers. The impact of instability on families, communities and countries bring worries to growing number of family oriented organizations that aim to promote a solid family tie among the society at large. Aside from this, globalization also increases of concentration of economic power over other valuable aspects in the world. As a result, it harms eventually the environment, the humans’ health condition as well as it disintegrate the indigenous group of people for they loss their sovereignty, accountability and transparency in their own government. Nonetheless, it is very obvious that the intervention of technological innovation and innovative business concepts rapidly improve the barriers of time, distance and ignorance among complicated cultural relationships between nations. Additionally, a rising population in under developed countries is frequently the major reason why the people are migrating to other countries in seeking of economic opportunity. By this way, many overseas workers enable to provide good standard of living for their families through a stream of remittances to family members who are left in the not so developed countries. Another thing is the concept of transferring workers to another land leaps the traditional flow of goods, services and money into an advanced and more complex international mobility of the people such as business professionals and skilled workers in every part of the globe. The emergence and growth of multi national corporations provides allocation of resources, shifting of production and market goods. It also provides the expansion of financial, legal, insurance, and information services, interconnections of cultures, customs, political processes, and ideas.
(http://www.articlesbase.com/human-resources-articles/challenges-faced-by-human-resource-managers-in-the-era-of-gloablization-995167.html)
In view thereof, the current swift progress of neoliberal among multinational companies resulted to the liberalization of national and international regulatory policies. And, it now allows global corporations to locate their companies and employees wherever they want in the globe. The world investments are not geographically limited into one location. But, it is now free to go different places across the globe in order to offer fast global trading relationship to other international investors for best returns of investments and revenues. In the final note, the emergence of multinational organizations even marked the raising movement of domestic and national markets to other markets in the world. It enables to increase the interconnection skills of different markets. People have started to learn to adjust to different working and cultural environments. It even led the people to become internationally competitive and well equipped with more advanced strategies and approaches in the international business.
(http://www.scribd.com/doc/510458/Human-Resource-Management)
References:
(http://www.answers.com/topic/globalization)
(http://www.articlesbase.com/human-resources-articles/challenges-faced-by-human-resource-managers-in-the-era-of-gloablization-995167.html)
(http://www.scribd.com/doc/510458/Human-Resource-Management)
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