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Impact of trade unions on firm performance - Essay Example

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Impact of trade unions on firm performance Instructor Institution Date Introduction A trade union refers to an organization that seeks to improve working conditions for member workers. The issues that trade unions address such as wages, medical benefits, insurance, sick leaves and employee treatment among other issues…
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Impact of trade unions on firm performance
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Download file to see previous pages They use this power to reach a compromise with the employers (Bennett & Kaufman, 2007). In spite of the outcome, the members of unions must adhere to the solution at which the two parties arrive. The history of trade or labor unions dates back to 1860’s when workers created labor unions that included a vast range of workers (Currie, 2001). However, the unions did not accomplish any notable achievements and they ended up closing their doors. Over time, worker's approach to trade unions has changed drastically, and they have accomplished commendable results for their members. They have banded a lot of employees from various industries so as to enhance their experience in the workplace (Bennett & Kaufman, 2007). The key function of these unions is to push for improved working conditions and reasonable wages for their members. The leaders hold negotiations with employers regarding issues such as wage increments, better benefits and working hours and more vacation time among others. The decision that the union arrives at is binding for all its members. The leaders also hold regular meetings to handle complains, concerns and recommendations, as well as vote on key decisions before negotiating with employers. In the case where a trade union does not reach a decision with an employer, it may result in a strike (Currie, 2001). A strike is a decision that all members must respect. Trade unions include employees from a given industry such as the agriculture industry, or a specific agency such as local or state government. Furthermore, there are some minimum requirements that unions require from their members in order to get official membership. Some unions require their new members to pay a registration fee while other requires them to have certification in order to join. The unions may include both blue color employees and professional. Different unions vary in terms of the features and qualifications since they operate in different industries and have diverse memberships. In addition to their role in enhancing the conditions of employees, the unions also take part in political activism. During the formulation of legislations especially laws that touch on the lives of workers directly, they send their representatives to influence the outcome. Although the key objective of these unions is to push for improved wages and working conditions in the workplace, this objective also includes political activism. This paper discusses how trade unions impact on performance, as well as outline how employees can best handle trade unions. Impact of trade unions on performance The key goal of the unions is to ensure that their members have the best working conditions, reasonable wages, are not mistreated by employers and get vacations as necessary (Bennett & Kaufman, 2007). However, the impact of trade unions does not only influence these factors. They affect other areas such as performance of employees among others. This can be either in a positive or a negative manner. Trade unions can either result in increased performance or decreased performance depending on the outcome. Increased performance The impact of a trade union can have positive effects on a firm’s performance. Among the key roles of a human resource manager is to motivate employees to perform in a better way. HR managers can motivate employees in a number of ways. These are better wages and working ...Download file to see next pagesRead More
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