An Insight on the Management Practices of Japanese Companies in India
Keywords:
Employment, Labour, Law, Human Resource, Japan, Companies, IndiaAbstract
This paper aims to delve into and expound on the managerial and human resource policies in Japanese companies operating in India with respect to industrial practices and management of the workers therein.
This analytic study is based on on-ground transactions enabling collection of conclusive data and observations made while on the job, during industrial and labour disputes handled and concluded, pertaining to Japanese companies in India including their branches across the nation established in prominent industrial areas and operating in various sectors of business operations ranging from the food industry to warehousing and logistics, to manufacturing of auto-parts, etc.
This paper endeavours to establish the distinct ways in which the human resource and managerial body out to utilise their expertise whilst bridging the gaps between the Japanese management and the workforce employed in terms of educating and creating awareness amongst the Japanese administration of the companies regarding legal and industrial practices and imbibing a balance of the work culture in India and Japan amongst the workforce engaged for better output, understanding and defusal of possible conflicts and disparities.
This study intends on highlighting key circumstances wherein, due to the swift and efficient intervention, of the management and the human resources of the company, strikes, unfair labour practices, external interventions, lay-off, retrenchment & closure due to unrest and disruptions from the workforce, leading to the collapse of business operations, severe losses and the cessation of the company as a whole, can be avoided and industrial peace and harmony can be maintained for the survival of the workforce, company and industry.
This may be considered as a crucial aspect, given that Japan was the sixth largest investor in the Financial Year 2022 (FY2022) in Foreign Direct Investments (FDI) in India providing 1.5 billion US Dollars, which is 2.5 per cent of the total FDI[i].
[i] India received highest FDI from these seven countries: See the full list here, 29 August 2022, (https://www.businesstoday.in/latest/economy/story/india-received-highest-fdi-from-these-seven-countries-see-the-full-list-here-345875-2022-08-29) (Last visited 28 March 2024)
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