Global Business Environment

SUMMARY: The purpose of the regulation is to ensure equality and justice in society by framing laws, acts, and regulations. As the labor laws of various nations differ an authority is required to regulate matters relating to employment and labor at the international level. The International Labor Organization has laid down many laws and guidelines to regulate labor matters in the international trade. India has a number of laws dealing with labor matters, These laws aim at providing give legal and corporate status to workers, protecting their health, safety and welfare, giving them proper benefits in case of sickness, maternity or any injury, to ensuring that they receive regular and prompt wages and other benefits. All those countries (including India) which have strict laws are now liberalizing the norms to suit the changing conditions.

Discrimination at the work place is very common in all parts of the world.