After reading through Chapter 15, I came across the Competing Through Globalization article called “Managing the Economic Downturn: The Indian Way.” This article talks about the moral obligation that managers feel they have for their employees in Indian companies. It also talks about how companies in the United States quickly resort to laying off workers as a way to reduce labor costs and keeping headcount in line with production and demand. A professor of organizational behavior and human resource management at the Indian Institute of Management Bangalore says, “In India, losing a job has more than just financial implications.” Losing jobs in India is perceived as a reflection on their competence.
It is interesting to see how different companies and also areas cope with the economic downturn. I have read many articles on how companies cope with this throughout the book and there are many different ways to cope with it. Some Indian companies use slower rates of salary increase, reconstruction, and a hiring freeze. It was interesting to see how different these Indian companies are compared to American companies. The last article I read talked about the “fire at will” practice and how it was very common in the United States. It is illegal in Japan and it also seems like many Indian companies do not practice that practice.
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