Hunt, Vivian. Delivering Through Diversity.McKinsey & Company. January 2018.
- Governments are involved in trying to address this problem of labour exploitation by coming up with policy changes in the labour market. However, there are some factors most likely to influence policy changes to address labor exploitation. Diversity at workplaces is a critical factor that is likely to influence policy changes to address labour exploitation. The world today is deeply connected and has turned into a global village. It is from these more diverse companies and institutions are achieving better performance.
- Most organizations today are taking full advantage of this opportunity which is presented by diverse teams. Diverse companies are likely to attract more clients from different ethnicities than those who are not diverse in their staffing. Research shows that companies in the top quartile for gender or racial and ethnic diversity are more likely to have financial returns above their national industry medians.
- However, the companies in the bottom quartile in these dimensions are statistically less likely to achieve above-average returns. This makes a case for affirmation of how much diversity is has become a competitive differentiator that shifts market share toward more diverse companies over time (Hunt & Vivian, 2018). Policies to curb exploitation at the workplace will be determined by what kind of exploitations go on a given workplace, whether it is based on gender, ethnicity, religion or sexual orientation. Based on a worker’s gender or ethnicity. The policies will have to be specific and target a specific group in a diverse workplace.
How Diversity Influences Policy Changes to Address Labour Exploitations?
Weinswig, Deborah. Retail Opportunities in India and China: What Drives the Key Differences Between Local Consumers? Coresight Research. December 30, 2018. Retrieved from
https://coresight.com/wp-content/uploads/2018/12/retail-opportunities-in-india-and-china-what-drives-the-key-differences-between-local-consumers-dec-30-2018-1.pdf. Student’s Name:
- Internal migration i has helped in shaping the economic, social and political life of India’s regions which receive these internal immigrants, and the regions they come from too. Today in India, two out of ten Indians are internal migrants who have moved across the district or state lines, something notable for the sheer numbers which move within a country with a population that tops 1.2 billion. The number of internal immigrants moving out from one part of a state to the other, in search of employment will determine the labor policies in that given nation and country.
- The authorities should always protect workers from exploitative employers. If a nation has a large number of workers, strong labor unions will sprout to champion for policies that promote workers’ welfare. In India, 34% of its population is urban, compared to 60% of China’s. These two counties, even though they are the two largest economies in the world, they have many of the discrepancies in the way their economies function as well as treat their workers due to the difference in culture, political structure, and planning mechanisms (Weiswig & Deborah, 2015).
- Internal migrants are mostly people affected by poverty and are seeking greener pastures for their families because they do not have any other choice. This in return exposes them to a number of problems including exploitation like cheap labor, smuggling, trafficking by their employers The most common form of exploitation meted on internal migrants is poor wages, poor working conditions, social pressures, discrimination among others. It is these issues that policymakers ought to evaluate when structuring frameworks to handle labor exploitation. The policies should be able to address problems of reduced wages, poor working conditions, discriminations and social pressures on internal immigrants.
- How Internal Migration Affects Policy Changes To Address Labour Exploitation?
Entrepreneur (2018). How to Take Your Company Global. Retrieved From https://www.entrepreneur.com/article/159252
- Each company has its target market and what it aims to achieve in a given duration of time. A company’s goals and what it seeks to accomplish determines the kind of policies it will come up with to address labor exploitation if it all exists within its ranks. Companies today are working hard to be part of the global market. This growth-minded business owners see the rest of the world as a golden opportunity, to not only advance but also diversify their businesses. Some opportunities thus come forth from the importer-exporter interactions (Entrepreneur, 2018). As a company expands; the more it requires both skilled and unskilled labor, to handle its operations.
- An expanded labor force brings forth different members of its staff from different parts of the world. Every great company is one which puts the welfare of its workers at the forefront, and this will have an impact on its policy regarding labor.
- The global market revolves around how much a business owner has understood the culture of his or her target market. Building relationships with your employees, avoiding the temptation to impose issues according to your own culture, conducting proper research as well as effective communication with your employees, even if it means having an interpreter, are very crucial factors which will ensure what type of policies should be formulated and their implementation channels to be used.
How a Company’s Goals Affect Policy Changes to Address Labour Exploitation?
.Hunt, Vivian. Delivering Through Diversity.McKinsey & Company. January 2018.
How to Take Your Company Global. Entrepreneur. https://www.entrepreneur.com/article/159252
Weinswig, Deborah. Retail Opportunities in India and China: What Drives the Key Differences Between Local Consumers.Coresight Research. December 30 2018. https://coresight.com/wp-content/uploads/2018/12/retail-opportunities-in-india-and-china-what-drives-the-key-differences-between-local-consumers-dec-30-2018-1.pdf.