Based on the discussion above, it can be concluded that labor unions know what kind of influence and power they have on the corporate community. They also know how to exert their power. Labor unions can contribute to the greater well-being of the workforce by urging for safer workplaces and equal opportunity work environments. In addition to that, such organizations often help the worker know their rights appropriately and teach them how to be treated fairly and equally at work. However, if they overdo their jobs, they might push it too hard and widen the gap between the management and the general employees. They should keep in mind that not all employees need a representation from the union. Because of this, many workers would want to take
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The positive role of unions is defined by the fact that they act as the “vox populi” able to express the preferences and claims of workers towards the employers directly to senior management personnel, as well as giving the employees the opportunity to participate in the development of norms and rules of labor in the domestic market. Productivity growth is achieved primarily because instead of quitting employees are now able to express their dissatisfaction with the level of wages and working conditions directly to the employer. Accordingly, the labor force turnover is reduced (for employees quitting is unprofitable, if the labor union can achieve better conditions). Moreover, in this situation it is profitable for an employer to invest in worker training, which also contributes to productivity growth. Apart from that, labor union as “vox populi” can transmit the information to managers about the new methods of work or use of technology offered by employees, which is beneficial to both parties. Finally, it has been proved that unionized workers are characterized by a higher level of work ethics, motivation and effort. The only unequivocal conclusion is that labor unions have significance in the economy and management can’t help taking this into
The positive role of unions is defined by the fact that they act as the “vox populi” able to express the preferences and claims of workers towards the employers directly to senior management personnel, as well as giving the employees the opportunity to participate in the development of norms and rules of labor in the domestic market. Productivity growth is achieved primarily because instead of quitting employees are now able to express their dissatisfaction with the level of wages and working conditions directly to the employer. Accordingly, the labor force turnover is reduced (for employees quitting is unprofitable, if the labor union can achieve better conditions). Moreover, in this situation it is profitable for an employer to invest in worker training, which also contributes to productivity growth. Apart from that, labor union as “vox populi” can transmit the information to managers about the new methods of work or use of technology offered by employees, which is beneficial to both parties. Finally, it has been proved that unionized workers are characterized by a higher level of work ethics, motivation and effort. The only unequivocal conclusion is that labor unions have significance in the economy and management can’t help taking this into