Labour market is a key element in the arena of economic transparency, globalization, rationalization and advanced communication technologies. Productivity of labour is an essential condition for the prosperity of economy and well-being of nations. Thus, to build a strong long-term competitive labour market strategy, the labour market elements – employers and employees – must bridge accountability. The regional disparity among developed, developing and other economies reflects the participation levels of the youth and women in the market. Increasing competitiveness through trends and reforms exhibit a number of common threads like changed demographics strengthening the fundamentals of minimum wage and labour market flexibility. Global consortiums for labour like OECD, ILO, UN etc., are primarily working in this direction towards leveraging and enhancing the labour market. This book is an attempt to analyze the overall labour market trends and problems in the global perspective. Today, the major labour organizations stand united to combat evils in society like child labour etc., but the journey is long and it will be many summers before this monster is eradicated. Policies concerning corporate social responsibility must ensure that they do not undermine international labour standards, trade union recognition and good industrial relations, which are crucial to building the social dimension of globalization. In the present economic environment, involving rapid technological changes, the existing laws need to be in tune with labour market needs. The book portrays the true picture of today’s global labour market with special reference to the changing dimensions after globalization.
There are no reviews yet.