Multinational Corporations Essay Example | Topics and Well Written Essays - 1000 words

Multinational Corporations - Essay Example Multinational Corporations have now become an integral part of the international society. Whether these multinational giants are beneficial or damaging to the society as such is a question which is debatable. There are opinions for and against the multinationals depending upon one’ perspective and social position in this world. We shall discuss the impact of multinational corporations in detail and present views for and against them in the following paragraphs. One major factor to be considered when one talks about multinationals is that most of them are from the developed countries like the USA, Japan, UK, France and Germany (International Labour Organization {ILO} website). Other countries are almost non participants or have just started making their presence felt as exemplified by the Daewoo Corporation of Korea and Venezuela (oil company), according to ILO. No doubt that multinationals have been in existence from the very beginning ever since companies and corporations came into being and looked beyond their horizons for business. The British Empire which ruled most parts of the world in the last two centuries is an example of a multinational temperament and presence. The multinationals do cover up some of the essential requirements of the human race and strive to fulfil every need but at the same time they tend to obliterate any small enterprise which attempts to launch similar products or services.

Improving absenteeism and exceeding break time limits at Walmart Research Paper

Improving absenteeism and exceeding break time limits at Walmart - Research Paper Example em and area for improvement (b) impact of the organization’s culture, (c) client and practitioner’s considerations, (d) diagnostic process and data collection, (e) overcoming resistance to change, (f) action plans, strategies, and techniques, and (g) OD intervention analysis. Ultimately, absenteeism leads to labor turnover. Every year, Wal-Mart needs to recruit, hire, train and retain more than 790,000 employees to refill a gap created by the left employees; it is estimated, in 2005, Wal-Mart employed 1.8 million employees globally and the turnover rate was 44 percent (Boudreau, 2010, p.125). Some conservatives estimates highlight that the turnover rate has reached to the level of 50 percent in the recent years clearly indicating that the Wal-Mart employees have developed sense that they are under-paid, offered inadequate health benefits and insecure career growth and so on (Jackson et al., 2012, p.15).This state of affair indicates that the existing causes and trends in absenteeism need to be revisited and overhauled. Before going to revisit the existing human resource policy of Wal-Mart, it is reasonable to further understand the impacts of the existing policy. In 2004, Costco hired and employed 68,000 workers and 25% of them were unionized, while Wal-Mart’s Sam’s Club employed a total of 102,000 in the same year (Holmes and Zellner, 2004). In the same article, the authors mentioned that in terms of wages alone, a Costco employee generated and earned, on average, $33,218 ($ 15.97 hourly). On the other hand, the average Sam’s Club employee earned $23, 962 ($11.52 per hour). Hypothetically speaking, if a Costco employee voluntarily quits, the turnover cost would be around $ 49,827 (1.5 times annual salary); and Sam’s Club employee would cost $ 35, 943. At the face of it, it may appear as if the low-wage strategy at Sam’s Club generates higher savings in terms of turnover but actually it is not the case (Cascio, 2006, p.42). Cascio (2006) further