Pragmatism meets benevolence in a globalized economy for new labor reforms: An exploration

Abstract

Background/Objectives: The basic objectives of this research paper are to explore about the challenges of the people management and understand its implications on the current workforce and changes in labor law. Methods/Analysis: This paper deployed exploratory research and the information regarding the various policies of the companies and the labor reforms have been gathered. Two hypotheses have been proposed for carrying on research. The findings were known after careful analysis of both the important issues. Findings: One of the major findings of this paper is that handling people related issues is very challenging because the system in which they work has its own set of requirements and expectations which is constantly changing, and people have their own set values, beliefs, desires and influences impinging on them and the manager as a person has his or her own style of functioning. Thereby leading the pack of his followers and also those who constantly are looking for finding faults in him is all the challenging. Another important finding is that it is understood that labor reforms as a part of overall reforms policy are essential only when the employees concerns are taken care of in totality. Applications/Improvements: One of the applications can be that legal aptitude tests to be made mandatory for employees belonging to secondary sector so that it smoothes the process of hiring and both employee and employer are aware about the legalities involved. The companies should try to create a brain pool destination which will stop brain drain and also be in consonance with the skill policy as per the Skill India program advocated by the Government of India.