SECTION 1
1.1 UK ECONOMY
The United Kingdom is one of the wealthiest courtiers, with high job prospects and living standard (Sawyer, 2005). Throughout nineteenth century UK economy has experienced significant growth mainly due to a rapid industrialization (Roper et al 2010). The growth has continued in the twentieth century, shifting to become more of service economy (Muller-Camen et al 2008). However, over few last decades UK has seen fundamental shift in employment form manufacturing and the public sector towards union-free, more informal unit of private sector (Marchington and Wilkinson, 2012). The growth has been steady, the UK economy grew by 0.7% during the last quarter of 2013, resulting in growth of 1.9% for the year as a whole (Economic Review, 2014)
Towards the end of twentieth century many changes were made in the workplace and how people viewed the role of work (Baldry, 2007). Many of these changes were transplanted into idea of the “knowledge Economy” where working with new technology supposed to be more efficient and profitable, and work in general became more important to everyone (Needle, 2004). Rapid changes in technology not only change jobs but the way employees are working together, often in different locations (Stredwick, 2006). However, in the pre-industrial era changes were slow and timely (Erikson, Bradley, 2009). Technology is not the only factor that affects economy, there is a wide range of factors including globalization, the rates of unemployment, the political party in power, the demands of goods and services and rates if inflation (Foot and Hook, 2011).
Globalization has been around since the beginning of civilization. Some organizations has always operated nationally and internationally (Robinson, 2006). However, in recent years economic and political development has changed how people view globalization (Otter, D). It could be pointed out that globalization made a world a single marketplace, where goods, services, people...