MN7374 International Human Resource Management Assignment Sample 4
Module code and Title: MN7374 International Human Resource Management Assignment Sample 4
Introduction
“International Framework Agreement” is the agreement that is negotiated between two parties to maintain the same standard in order to find the equilibrium all over the world. The important part to derive the facilities in the agreement is thus enumerated in a way that inculcates the importance of the agreement. This study emphasized the important part that controls the equilibrium of the IFA in order to maintain the trade union facilities and it is also specified that IFA is more effective in the same than CSR policies.
Thesis Statement
The thesis statement of the study may be enumerated that the IFA is regulated to cover the maintenance of the trade unions. It is to determine that IFA is more effective than CSR policies of the companies and it comes under the purview of the trade union. The study also focused to provide the effectiveness of IFA on the trade unions. The comparison of the effectiveness is to be determined by enumerating the role of IFA and CSR on trade unions.
IFA and CSR in respect to engagement with trade unions
Effectiveness of IFA and CSR on the trade union
Concept of International Framework Agreement
“International Framework Agreement” (IFA) indicates the importance of the companies to maintain the equilibrium in every state of the world. It helps the companies to determine the usage of the same in order to maintain the same standard in all the countries of the world. It also makes the negotiations that help to improve the equilibrium of the companies’ standards (Ilo.org, 2020). This agreement is prepared between the “Global Union Federation” (GUF) with the multinational enterprises of the world so that it improves the facilities of the same in a manner to increase the standards of the enterprise largely.
The agreement helps to improve the importance of the company and an ongoing relationship grows in accordance with the effectiveness of the IFA in relation to any matter. The importance to maintain the same is delivered in a manner to maintain the delicacy of the agreement in a purposeful manner (Hal.archives-ouvertes.fr, 2018). The agreement specifies the importance of the global standards in order to regulate the facilities of the company. However, it is the performance that the importance of the agreement is described in the study to prominence the performance of the same in order to perform a significant role in the companies’ role.
IFA is the agreement that maintains the social democracy, social dialogue, and international regulations related to work. These factors help the agreement to maintain the important aspects of the same in order to maintain the importance of the companies’ standards in a proper way.
The actual perspective in this manner is to develop the exigencies of the customized concept on IFA. Therefore, the important part is to develop the code of conduct in relation to maintaining the same to regulate the importance of the approaches of the unilateral management of the company (Norpoth and Kaltenborn, 2020). Thus, it is mentioned that the agreement is the tool that helps the companies to deal with every policy that the company intends to perform.
IFA deals with the companies’ growth as well as maintaining the importance of the companies’ values in the global market. Trade unions of the companies are in respect to maintaining the equilibrium of the company that delegates the importance of the same and this allows increasing the possibilities of the same (Gardin, 2018). However, the important part to deliver the consequences of the same is derived in the manner to increase the potentiality of the company. The trade union of the company is the branch of the company that holds the policies of the company and IFA helps them to incorporate the same in this agreement. This helps the union to maintain the equilibrium of the company.
Concept of CSR
“Corporate Social Responsibility” is the responsibility of the employees of the companies that regulate the confidence of the same and this maintains the equilibrium of the company. The maintenance of the equilibrium to develop the balance in order to improve the facilities of the organizational powerare derived from the maintenance of the CSR policies.(Vishwanathanet al. 2020). These responsibilities are actually the improvement of the same that derives the actual performance in the manner to develop the facilities in accordance with the effects that incorporate the facilities of the same.
It is important to mention that the CSR policies in a company help them to evaluate their social responsibilities such as maintaining the importance of the corporate responsibilities. This helps in incorporating the substances that depend on the equilibrium of the corporation.
The allowance of the employees to the responsibilities that the employees must perform in relation to other employees in the company is enumerated in the CSR policies (Metzker and Streimikis, 2020). Thus, the importance of the same is derived in the manner that incorporates the companies’ policies and runs in the global context in order to maintain the facilities of the company. This study mainly enumerates the importance of the CSR policies in the context of the global agreements that need to hold in accordance with the concept of running the business in a smooth way.
The maintenance of the same is derived in a manner that incorporates the processing derived from the consequences of the delegation. It is to note that the importance to delegate the code of conduct of a company, the CSR policies needs to be determined in a manner to regulate the transactional companies.
As per the view of Kochmańska (2019), the policies are thereby maintained in a way that regulates the function of CSR policies in accordance with the other companies as well. The equilibrium of the company’s growth is maintained by the important part to determine the part of the business ethics. The agreement in the global context of the company is derived in the manner to regulate the importance of the same in the perspective to improve the substances of the company.
Industrial relations, business ethics, and international management of the company are described in a manner that incorporates the social responsibilities within a company and this may continue to the other countries as well. The expansion of the business deals to maintain the importance of different concepts of the regulations within the company.
According to Somachandra et al. (2022), this is to be noted that some the enterprises held to maintain the concept in order to increase the same to perform the exigencies in the manner to delegate the powers of the company. The important part to maintain the exigencies is held to be defined to combine the corporate-union relationship. Therefore, the concept of CSR policies within an organization may be held to maintain the substances in the concept to develop the exigencies of the company.
Impact of CSR on trade unions
The impact of the corporate social responsibilities is to be determined in a way to maintain the importance of the same in a manner to determine the facilities of the same (Goerke, 2022). In order to maintain the substances, the equilibrium of the same is determined through various theoretical approaches of the CSR policies.
The main theory that the company may align in order to maintain the facilities is to be derived in the manner to execute the maintenance of the “Triple Bottom Line” theory (Liang et al. 2018). Thus, the theory is incorporated within the industrial growth of the company. This theory states to maintain the financial, environmental, and social recognition of the company that states to maintain the importance of the company’s values.
The theory of TBLis maintained in three elements that allow incorporating the facilities of the consequences and this increases the consequences of the organizational growth. The confidence of these three elements is introduced by the enterprises in order to perform the special consequences of the company (Hussainet al. 2018). The importance to detect the same is derived in the manner to delegate the performance of the same. The companies adopt the concept of this theory in accordance to evaluate the performances of the employees in the organization.
Thus, it is important to note that the theories are maintained in a way that combines the importance to increase the policies so that the trade union of the company can maintain the equilibrium of the company (Masudet al. 2019). However, it is to mention that the multinational enterprisesare thereby held in the manner to increase the performance of the company but they are not capable to increase the same with CSR policies only.
In the organizational context, corporate social responsibilities have become one of the mainstream discussions. In the global contextual economy, the trade unions in relation to the IFA distort a profit-enhancing input choice for the organizations.
Here in this regard, the efficiency and the effectiveness of the trade unions majorly depend on the nature of negotiating or bargaining the issues of the trade union. As suggested by Gumbrell-McCormickand Hyman, (2019) the core idea of the trade unions is to critically reflect on the corporate social responsibility to effectively communicate the issues of the member of the trade unions in order to facilitate the occasion for practical solutions.
To this end, CSR implicates the input choices of multinational firms around the world in the absence of effective and collective bargaining power. As suggested by Donagheyand Reinecke, (2018) the CSR of the organizations is generally impactful in terms of expanding production under the difficult situation at hand. In case of wage negotiation and raised employment conditions, the CSR of the organization can potentially come up with ambiguities in employment and wage consequences at the same time (HelfenSchüßlerand Sydow, 2018).
Nevertheless, from a normative vantage point of view, the CSR of the firm is impactful in terms of inducing the expansion of the business in the global market. Additionally, it plays a significant welfare-inducing role for the trade union in the environment of wage negotiation. However, in the case of efficient bargaining, the reverse consequences are also true and impactful at the same time.
Concept of trade union in relation to IFA
In the growing international scope, the trade unions around the world are facing major challenges while developing responsive responsibilities regarding wage negotiations and many others (Wrightet al. 2018). The growing concern for the corporate sustainability of the organizations has made the situation even worse. Here in this regard, the international framework agreement is essential in terms of managing the complexities of the multinational companies and the demands of the trade union. From a normative perspective, there is a growing impact of IFA on the responsiveness of the trade union. However, the marked variations in the reactions of the t5rade unions may be cross-border, national or even local in nature.
Emphasizing the cross-border union co-operations, consideration of the institutional and structural contingency along with the union agency is pivotal. In addition to this, reflecting on the responsive reactions of the trade unions is majorly associated with the IFA, which results in the implication of the marked variation in the trade union (Luet al. 2019). While talking about the role of the IFA on the trade union, the structural and the institutional contingency play a key driving role in terms of controlling the national and regional institutional environment where the MNCs operate their business operations.
The international framework agreement is crucial in terms of shaping the responses of the unions. In addition to this, as suggested by Harrisonet al. (2019) the IFA has an impact on the multi-level nature of the trade union that confronts the issues in the development of transactional cooperation and action in the global context.
A cross-border initiative is inevitable in the environment of institutional and structural contingency. Hence, as suggested by Carrolland Brown, (2018) a perceptible shift is underway towards the impacts of the IFA on the responses and the input choices of the trade union, especially in the field of wage negotiation. The increasing orientation of the local bargaining in the multinational enterprises under the environment of competing agendas for the business growth has pushed the emergence of the micro-corporatism.
It has eventually reinforced the local unions towards common isolation. On the contrary, under the environment of the IFA, the international management structure along with the internationally integrated production systems has developed a strong impetus towards cross-border action and corporation at the same time. Therefore, it can be evaluated that the double dynamics in the trade union transferability and union responses are likely to be varied under the different circumstances at hand (Baileyet al. 2018). However, the transactional responses tend to evolve under the ambience of inadequate or inappropriate local and national responses.
Hence, the involvement of the International Framework or IFA in the multinational organizations becomes inevitable in order to respond to the mobilization of transactional industrial relation of the trade union (Visser, 2019). This potentially raises a third dimension by including the transactional responses, which are considered to be explicit in nature. It furthermore, tends to influence the outcome of the negotiations within the context of deployment of the management cross-border benchmark.
Comparison of the effectiveness of IFA and CSR on trade unions
The international framework is essential in the global contextual economy. It generally deals with a negotiable instrument that allows the multinational enterprise to communicate with the Global Union Federation regarding the ongoing relationships between different parties in the business environment. The international framework agreement or the IFA has an influential impact on the ongoing relationships between the multinational companies around the world and the global union federation (Xiaet al. 2018). It includes the respect and values towards the core standards of ILO.
Furthermore, it includes the right to join a union as per the convenience of the enterprises, here in this regard, the impact of the IFA is crucial to the freedom from discrimination for the enterprises. Therefore, the global enterprises and the global union federation are able to communicate their needs and demands collectively including forced labor or child labor. The following are some of the most impactful aspects of the IFA, which significantly implicate the trade unions.
The International Framework agreement plays a central role in determining how the organizations and the union’s management interact at the global level. It is essential in terms of reasserting and strengthening the labor movement within the regulation of the global workplace. It seeks to establish a standard parameter for an efficient dialogue for the global operations (Zhanget al. 2020) for the multinational organizations. Additionally, it deals with the development of the minimum workplace standards and policies
On the other hand, corporate social responsibility also has an inordinate impact on the trade unions. Here in this regard, based on the normative perspective of international labour organisation, corporate social responsibility promotes social justice in the trade unions. It generally deals with the promotion of standards and fundamental principles and fundamental rights in the workplace. Additionally, it enhances the coverage of the social protection of the trade unions in order to strengthen the tripartism and social corporate dialogue.
Shareholder value theory
This theory is essential in terms of illustrating the corporate social responsibility of the organizations. According to this theory, the only social responsibility of the firm or the organization is accountable for the profitability of the organization. In addition to this, corporate social responsibility is responsible for creating economic value for the organization and contributing to the profitability of the shareholders of the organization (Reineckeet al. 20180.
It deals with providing knowledge and information regarding the classical approach for business organizations. In addition to this, as per this theory, the social corporate responsibility of the organizations must revolve around the profitability of the shareholders of the organization.
Conceptual structure for Shareholder Value Theory (SVT)
The earliest proponent of the shareholder theory is the Nobel laureate Milton Friedman. As per the viewpoint of the authors, there is only one social responsibility of business, which deals with the maximization of the use of the resources to increase the profitability of the organization (Carrolland Brown, 2018). In addition to this, the author has illustrated the point by saying that the social responsibility of the organization must engage in the activities in order to enhance its profit to sustain the competitiveness of the global context.
Conclusion
Here in this context, both the union agency and the contingency have been estimated to be the central influences on the policy-making of the international framework agreements. In addition to this, the international framework has an inordinate effect on the marked variations in the responses of the trade unions relating to the IFA.
However, the growing international integration of multinational organizations across the world has implicated corporate social responsibility. On the other hand, the geographically dispersed production of the organizations is essential while examining the contingencies of the MNCs. While talking about the responsive reactions of the trade unions, the structural and the institutional environment of the organizations have been encountered elementary. However, the corporate social responsibility and the international framework agreement have been found to be overlapped in the contextual environment of the trade unions.
References
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Websites
Hal.archives-ouvertes.fr, 2018, Global Framework Agreements and Trade Unions as Monitoring Agents in Transnational Corporations, Available at: https://hal.archives-ouvertes.fr/hal-02020905/document [Accessed on: 21st April 2022]
Ilo.org, 2020, International Framework Agreements: a global tool for supporting rights at work, Available at: https://www.ilo.org/global/about-the-ilo/newsroom/news/WCMS_080723/lang–en/index.htm [Accessed on: 21st April 2022]
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