However, the major drawbacks are long working hours and unsecured
jobs.
One benefit of multinational companies is that they employ a large
workforce. This is because these big companies have more than two or
three branches around the country, thereby, increasing the employment
rate within the country. Moreover, these companies have good benefits for
their staff, as compared to local companies, such as yearly travel
compensation and full coverage family insurance. For instance, Amazon
provides a yearly international trip to the employee and their family,
covering accommodation and return tickets.
On the other hand, having to work extremely long hours is the major
disadvantage of being in such companies. This is because these
companies handle clients who work in different time zone. Hence, the
employees have to work in their local time zone as well as per client time
zone, which can be several hours apart. Furthermore, losing a job at any
time is the biggest fear of employees working for such organizations,
unlike government sector, where an employee cannot be fired from the job
easily. For example, in Apple Inc., it is reported several times that the
employees are fired due to their grudges with their boss.
In conclusion, multinational organizations have benefitted developing
countries by increasing the employment rate and making the lives of
employees better by providing good benefits. However, it does not have
strict policies for their staff as they have to work long hours and fear of
losing their job at any time.
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