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    Impact of Globalization

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    Ravi Sharma
    Globalization has impacted industrial relations in India. When India opened up to foreign investment in the 1990s after a financial crisis, globalization affected various sectors like agriculture, industry, and finance. It helped raise living standards and reduce poverty in agriculture. In industry, it brought technology but also job losses as labor needs decreased. For industrial relations, globalization changed dimensions like collective bargaining and worker participation. Challenges now include workers demanding more autonomy and work-life balance even at assembly levels, and multinational organizations sometimes misusing government support to suppress unions. Industrial relations managers must balance management and unions to minimize employee dissatisfaction.

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    Impact of Globalization

    Uploaded by

    Ravi Sharma
    429 views8 pages
    Globalization has impacted industrial relations in India. When India opened up to foreign investment in the 1990s after a financial crisis, globalization affected various sectors like agriculture, industry, and finance. It helped raise living standards and reduce poverty in agriculture. In industry, it brought technology but also job losses as labor needs decreased. For industrial relations, globalization changed dimensions like collective bargaining and worker participation. Challenges now include workers demanding more autonomy and work-life balance even at assembly levels, and multinational organizations sometimes misusing government support to suppress unions. Industrial relations managers must balance management and unions to minimize employee dissatisfaction.

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    project report on Impact of Globalization

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    Globalization has impacted industrial relations in India. When India opened up to foreign investment in the 1990s after a financial crisis, globalization affected various sectors like agriculture, industry, and finance. It helped raise living standards and reduce poverty in agriculture. In industry, it brought technology but also job losses as labor needs decreased. For industrial relations, globalization changed dimensions like collective bargaining and worker participation. Challenges now include workers demanding more autonomy and work-life balance even at assembly levels, and multinational organizations sometimes misusing government support to suppress unions. Industrial relations managers must balance management and unions to minimize employee dissatisfaction.

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    © All Rights Reserved
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    Download as pptx, pdf, or txt
    429 views8 pages

    Impact of Globalization

    Uploaded by

    Ravi Sharma
    Globalization has impacted industrial relations in India. When India opened up to foreign investment in the 1990s after a financial crisis, globalization affected various sectors like agriculture, industry, and finance. It helped raise living standards and reduce poverty in agriculture. In industry, it brought technology but also job losses as labor needs decreased. For industrial relations, globalization changed dimensions like collective bargaining and worker participation. Challenges now include workers demanding more autonomy and work-life balance even at assembly levels, and multinational organizations sometimes misusing government support to suppress unions. Industrial relations managers must balance management and unions to minimize employee dissatisfaction.

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    of 8

    IMPACT OF GLOBALIZATION

    ON INDUSTRIAL RELATIONS

    PRESENTED BY:SAHIL GARG


    140701028

    Globalization

    Globalization is a process of global economic, political and cultural integration. It


    has made the world become a small village; the borders have been broken down
    between countries.

    It can be seen that, globalization has certain advantages such as economic


    processes, technological developments, political influences, health systems,
    social and natural environment factors.

    The Indian economy was in major crisis in 1991 when foreign currency reserves
    went down to $1 billion. Globalization had its impact on various sectors including
    Agricultural, Industrial, Financial, Health sector and many others. It was only
    after the LPG policy i.e. Liberalization, Privatization and Globalization launched
    by the then Finance Minister Man Mohan Singh that India saw its development in
    various sectors.

    Impact of Globalization on
    Agricultural Sector:

    Agricultural Sector is the mainstay of the rural Indian economy around which socioeconomic privileges and any change in its structure is likely to have a corresponding
    impact on the existing pattern of Social equity.

    Globalization has helped in:

    Raising living standards,


    Alleviating poverty,
    Assuring food security,
    Generating buoyant market for expansion of industry and services,
    Making substantial contribution to the national economic growth

    Impact of Globalization on Industrial Sector:


    Effects

    of Globalization on Indian Industry started when the


    government opened the country's markets to foreign
    investments in the early 1990s. Globalization of the Indian
    Industry took place in its various sectors such as steel,
    pharmaceutical, petroleum, chemical, textile, cement,
    retail, and BPO.

    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.

    Issues related to Industrial Relations in


    the Globalization of Indian Economy:

    With the globalization, industrial relations had been changed in the


    different dimensions as collective bargaining, participation of workers,
    aligning labour policy, trade unions, participative learning and etc.

    Challenges in IR

    Now at assembly level also the workers demand for autonomy and freedom,
    more flexibility and work- life balance.

    There is no denying the fact that changes in organisation cannot be stopped and
    this will certainly effect the assembly level of the organisation. Therefore, IR
    needs to play much a role of commander. It has to act like balance between the
    management and the trade unions.

    It is also the duty of IR manager to stop the suppression of unions; they need to
    address their moves to their workers. They need to be more transparent because
    by doing this only they can minimise the dissatisfaction level among the
    employees.

    It has also been found that multi nation organisations are unable to handle the
    conflicts bilaterally and are misusing the support of government in suppressing
    the workers.

    THANK YOU

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