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Telecommunications and Technology

Tobi

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Technology: Technological advancements like the internet and e-mail have been a major factor behind the development of labor arbitrage. It is only because of such developments that data can be transmitted anywhere within a few seconds. Therefore, intellectual work which earlier had to be retained in one country is now diffused across the world. Labor arbitrage has allowed the modern multinational to work tirelessly in a 24 by 7 environment.
 
Technological advances, such as the internet and email, have been key to the growth of #labor arbitration. Thanks to these innovations, data can be transmitted instantly, allowing intellectual work, once limited to a single country, to be distributed globally. This has allowed multinationals to operate in a 24/7 environment, maximizing efficiency. Thus, labor arbitration has transformed the way companies manage their human resources globally.
 
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