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In the contemporary society, people have established modern organizations and improved preexisting organizations to meet the needs of employers, employees, clients and stakeholders. Globalization of the economy requires organizations to acquire advanced technologies, which will help them understand the world market and techniques for increasing efficiency in production (Baumeister & Bushman, 2011). Because of the advanced technologies, such as computerization at various stages of production, companies are significantly downsizing their working staff. Various companies have merged to provide organizations with economies of scale for improved efficiency and profitability. This discussion will consider the roles of industrial and organizational psychologists in the modern organizations and the influence of globalization, technology, diversity and corporate restructuring on employees and workplace. 

Industrial and organizational psychologists are the resourceful personnel who improve the productivity and enhance profitability of an organization by applying appropriate psychological principles (Baumeister & Bushman, 2011). The roles that these psychologists play in an organization include employee selection, facilitation of the feedback systems, counseling of organizational crisis, facilitation of organizational change and the improvement of motivation, morale and retention of employees (Baumeister & Bushman, 2011). Workplaces and employees experience a number of impacts due to globalization, technology, diversity and corporate restructuring. Technology facilitates interpersonal communication among employees, which improves the productivity of a workplace. Diversity is a significant factor in an organization, because it enhances division of labor, reduces discrimination and encourages knowledge sharing in the workplace. Corporate restructuring may lead to the retrenchment of incompetent employees to increase profitability of a workplace. Finally, globalization leads to diversity, which reduces discrimination and enhances knowledge sharing in the workplace (Baumeister & Bushman, 2011).

In conclusion, modern organizations experience a number of challenges, which include enhancing diversity in the workplace, corporate restructuring, implementation of advanced technology and globalization. Industrial and organizational psychologists are the most significant personnel in addressing various challenges in an organization (Baumeister & Bushman, 2011).

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