Enhancing Labor-Management Relations in India: Strategies for Improvement - A Review

Abstract

As globalization continues to reshape the economic and social fabric of nations, the dynamics between labor and management undergo significant transformation. This abstract examines key trends and drivers influencing these dynamics. Globalization, characterized by increased interconnectedness and integration of economies, has profound implications for labor markets and employment relations worldwide. The movement of capital, goods, and services across borders has led to shifts in production patterns, labor mobility, and outsourcing practices. These changes have both positive and negative impacts on labor-management relations, shaping bargaining power, employment conditions, and worker rights. Technological advancements and automation, spurred by globalization, also play a crucial role in redefining labor-management dynamics. The rise of digital platforms, artificial intelligence, and data analytics has led to the restructuring of jobs, skills requirements, and workplace practices, posing challenges and opportunities for both labor and management. the increasing prominence of multinational corporations and global supply chains complicates labor-management relations, as stakeholders navigate differing regulatory frameworks, cultural norms, and power dynamics across borders. the review explores strategies and approaches employed by stakeholders to adapt to the changing landscape of labor-management relations amid globalization. It examines initiatives such as cross-border collaboration, corporate social responsibility, and collective bargaining frameworks aimed at fostering more equitable and sustainable employment practices in a globalized world. dynamics of change in labor-management relations amid globalization and highlights the importance of proactive engagement and collaboration among stakeholders to address emerging challenges and opportunities in the evolving global economy.