Role of Multinational Companies in UK for Creating New Jobs

More jobs mean more opportunities for people to earn their livelihood. They also mean a possible reduction in the level of poverty within a nation. Generation of new jobs is not only profoundly useful in developing nations but in developed nations as well. Developed nations can increase their level of expertise by creating more jobs. Therefore, the focus should not be the creation of jobs but the creation of good jobs which will take the standards of living to a whole new level. Multinational companies or MNCs have a significant role to play in the creation of job market because they are not limited to one country, they function across many nations. The salaries provided by MNCs to its employees are spent on buying goods and services. Thus, the economy of a nation is boosted. The presence of MNCs in itself is very crucial because they create competition with the domestic companies, thus making themselves and other strive for better quality of good and services provided to the customers. UK is a popular receiver of foreign direct investments made by MNCs, around 36,000 jobs have been created by foreign investments. The MNCs in UK have a good impact on the domestic market, they bring in new technology, information, and knowledge from outside. However, the most vital role played by MNCs in UK is in the job market. The quality of overall workforce in UK is considered to be better than countries like USA. Countries like India are also generating employment. According to the surveys India is providing 6000 jobs to the people in UK. Similarly, Chinese investments are also contributing to provide jobs in UK. Recently, one of the top MNCs of the world Amazon, which already had given 3000 jobs to the UK citizens has made headlines. The company is keen on creating new 7000 jobs in UK. In addition to these job vacancies, the company will also be recruiting 20,000 people for the festive periods. It should also be appreciated that the company is making the contractual workers of the pandemic months as the permanent staff for the company. Amidst the current pandemic crises there are smaller MNCs in UK providing services like homework assistance to students. They are  providing jobs to unemployed youth, the job is simply to provide assignment help or homework help or subject specific for example,  management assignment help to students struggling to complete and understand the online work given to them. This way the MNCs are not just helping the unemployed youth but they are outsourcing all the necessary help required by students stuck at home. The MNCs are a blessing to UK, they are making a crucial advance in the countries government revenue as well. The duties, tax, given by them to the government boosts the economy. Apart from all the major advantage of MNCs in UK, they have also nourished friendly international relations and suitable international markets for various goods and services.

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