Impact Of Multinationals In The Labour Scene

6579 Words 27 Pages
Register to read the introduction… It is often assumed that the best motivator for workers in Developing countries is Money. In India, this can be a strong motivator as well but not necessarily the most important. Indians working for multinationals value the status acquired by working in a foreign company very highly and like being trained in new technology or new ways of organising business. All this contributed to their work motivation because it enhances their market value. Multinationals have generally succeeded on this score since they have treated the workers with respect & have taken good care of them. Indians are specially motivated by an emphasis on the role of the Boss in the sense that a good Boss is a strong motivator. They like a Boss who is strict and maintains discipline by monitoring and reviewing the work activities of the subordinates but is fair and honest in his approach to human relations. Since these are embedded in the value-system of multinationals from developed economies, the Indian workers who have done a stint with them have imbibed superior work culture & value system. Going forward, greater participation of multinationals in economics of activities in India has assumed greater urgency and importance. The economic progress that the country has made and the new vistas of opportunities that have opened up have naturally heightened the level of aspiration of the young generation which is entering the job market. Capital in India being very expensive the entrepreneurs are finding it difficult to set up new facilities and this is standing in the way of economic growth which has been coming down almost continuously after 2008 and has reached a level of 6% compared to 9% that the country had achieved earlier. It is only foreign direct investment which will give a boost to the economic growth and will create greater employment opportunities. It is therefore …show more content…
Maruti entered in 1983 with a goal to capture the impending market and also to reduce costs through employment of cheaper labour. The initial set of employees enjoyed benefits like housing, better working conditions and higher pay. Post-liberalization, the number of competitors increased and this forced Maruti to hire cheaper labour and didn't provide the same salary or benefits. Japanese expect a work-intensive culture and are not tuned to the sentiments of the labour which has led to various rifts including the Manesar

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