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1324748
Impact of Globalisation on Employment in Northern Ireland
Descripción
Mapa Mental sobre Impact of Globalisation on Employment in Northern Ireland, creado por rkelly438 el 21/09/2014.
Mapa Mental por
rkelly438
, actualizado hace más de 1 año
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Creado por
rkelly438
hace alrededor de 10 años
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Resumen del Recurso
Impact of Globalisation on Employment in Northern Ireland
Dis-advantages of Globalisation
Some services have been outsourced to cheaper countries where labour is cheaper
These jobs are no longer done by local workers
There has been a decline in manufacturing-e.g Desmonds clothing factory- as local businesses have relocated to lower cost economies
Many of these people have had to retrain.
This has resulted in loss of jobs in NI economy
Brain drain -many of our highly skilled and educated workforce leave NI to seek better employment opportunities and lifestyles abroad
This can result in skill shortages in industries that are very important to our economy and where it is difficult to find workers
It is expensive and inefficient to educate and train people to leave
Advantages of globalisation
NI has seen a growth in services provided by foreign companies who have invested here
Examples- starbucks, victoria square and nandos
This has created local jobs
Foreign multinationals have set up here and created jobs e.g-HSBC banking
Shortage of skilled labour in critical areas has resulted in inward migration of labour especially Europe these services can now be provided
To remain competitve many businesses are employing temporary staff because they are entitled to fewer benefits
This is less costly for firms
Staff can be let go when not needed
Some businesses now employ home workers and tele workers who are able to work from home because of improvements in technology
Overheads for businesses are reduced because they do not have to pay high rents, lighting, heating etc
Some NI companies have grown and survived because of being able to supply products abroad e.g wright group Ballymena
This means continued employment of local people-wright group won contract to supply 200 buses to HongKong
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