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Challenges Of The Global Workforce With Reference To Pakistan

Author

Listed:
  • Prof. Dr. M. Abuzar Wajidi

    (Dean, Faculty of Management & Administrative Sciences, University of Karachi, Pakistan)

  • Javed Ahmed Chandio

    (Assistant Professor, Department of Commerce, University of Sindh, Jamshoro, Pakistan)

Abstract

In the midst of unpredictable world economic fluctuations, organizations are learning two challenging lessons: one that globalization is irreversible, and, second, organizations must remain vigilantly prepared to adjust to the ever-changing business environment.In fact, business leaders consider that the recent business environment is in a state of crisis.However, it is acknowledged that effective management of workforce can serve to grasp the opportunities that will propel them ahead within the global competitive arena.The recent global recession has witnessed a paradigm shift in offshore outsourcing and immigration. Multinational companies (MNCs) are now deliberately using outsourcing to transform their business processes rather than simply to lower costs.

Suggested Citation

  • Prof. Dr. M. Abuzar Wajidi & Javed Ahmed Chandio, 2013. "Challenges Of The Global Workforce With Reference To Pakistan," Far East Journal of Psychology and Business, Far East Research Centre, vol. 10(5), pages 48-55, February.
    • Handle: RePEc:fej:articl:v:10b:y:2013:i:5:p:48-55
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    More about this item

    Keywords

    Globalization; Management of Workforce; Business Environment.;
    All these keywords.

    JEL classification:

    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration

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