We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Economics of Labor - Essay Example

Comments (0) Cite this document
This essay analyzes that the managers at current workplaces are faced with various challenges. The kind of relations that is developed between the management and the employees of an organization and that developed between the employees often affect the overall performance of the organization…
Download full paperFile format: .doc, available for editing
Polish This Essay93% of users find it useful
Economics of Labor
Read TextPreview

Extract of sample
"Economics of Labor"

Download file to see previous pages Strikes can also divide the workforce of a given organization into two factions thus reducing their ability to work as a team towards common organizational objectives. In the event that a strike is organized and some of the workers do not co-operate due to the fear of consequences that may follow, an enmity is created between these two groups of workers. The arising element of distrust will hinder future collective bargaining by the employees resulting in poorer working conditions. It is thus important to note that an effective management of a given organization or government department requires the development of good relations between all the stakeholders of an organization. The employees of the organizations need to have a union that advocates for theirs. The union acts as a link to the authority that ensures a formal procedure in addressing the issues. The employees should be loyal to the union and abide by its provisions. Besides, the management principles as defined in economics require that the managers give room to the needs of the employees of the organization, and this is the key to effective management. The managers should address the issues as they are raised by the worker's unions to avoid the future negative reactions by the employees. On the other hand, the employees need to adopt the organizational cultures that require the formal solution of arising issues. The fact that all these fail to take place and a strike are witnessed means an irresponsible behavior by either the management or the employees....
The educators calling for a salary increase can simply decide to put pens and chalks down while going to the learning institutions as usual or they may intensify it and take to streets. The nurses in public hospital may decide to boycott their duty to attend to patience. Alternatively, an authoritarian manager of an organization can be forcefully evicted out of office by the angry employees. The effects of such strikes are adverse on the economic development of a given region (Addison & Teixeira, 2006, p.4). Common causes of strikes There are different factors that often lead to strikes by employees in a given organization. The strikes by the workers through the unions are geared towards streamlining the monopoly that might be exercised by the management of organizations. Achieving this requires a union made of leaders with the capability of managing teams and can deal with various emerging issues (Griffin & Stacey, 2005, p.29). One common cause of strike is poor working conditions at the work places coupled with a lot of workload leading to job depression and stress. The employees often complain of long working hours and workload imposed on them probably due to understaffing. This is followed by a pressure from the management to meet strict deadline leading to job stress. Related to the poor working conditions is the cry for salary and wages that are proportional to the tasks that are carried out by the employees. This, however, takes different directions depending on who determines the wages of the employees (Addison & Teixeira, 2006, p.5). The employees often complain that despite the long working hours and the heavy workloads, they are not provided with remunerations ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Economics of Labor Essay Example | Topics and Well Written Essays - 1750 words”, n.d.)
Retrieved from https://studentshare.org/management/1419278-economics-of-labour
(Economics of Labor Essay Example | Topics and Well Written Essays - 1750 Words)
“Economics of Labor Essay Example | Topics and Well Written Essays - 1750 Words”, n.d. https://studentshare.org/management/1419278-economics-of-labour.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Individual portfolio on global enterprise
These institutes brought national governments under their umbrella and in this way provided previously rival nations with a platform where they were allowed to communicate their grievances with their rival nations (Hobson, 2004). When all the grievances were resolved between nations, than the oblivious outcome of these talks was an advancement of trade, investments and cultural exchange between nations.
14 Pages(3500 words)Essay
How Does the Evolution of Global Capitalism Shape Patterns and Processes of Migration
The varied economic and social conditions in different countries and regions creates the necessary motivations for migration; making segments of people to move out and another segment to move in depending on the perceived benefits of relocation (Ravenstein, 1889).
7 Pages(1750 words)Essay
Case study - analysis company's economic issue and expansion of solution
As such, there are people who exploit their positions in terms of organizational ranking and unethically heap gains onto themselves at the expense of fellow investors and that of their employees. Such people that use their power to exploit firm’s gains at the expense of other stakeholders in an organization would well be referred to as the vulture capitalists.
4 Pages(1000 words)Essay
Corporate law
Corporate law serves to regulate the activities of businesses that were formed under the Companies Act of 2006, and other previous enactments that remain relevant, in today’s corporate world. This paper aims to discuss the nature of corporate law in UK by highlighting two cases that are going to focus on obligation law and terms of dismissal.
5 Pages(1250 words)Essay
Economics of Labor Immigration
In order to obtain a clear view of the immigration influences on economic development, it is necessary to have a look at the factors causing economic growth, such as skilled and qualified workforce, age of the population and technology, that extremely affects growth rate because this element assists companies to minimize their costs.
4 Pages(1000 words)Essay
Labor Economics
More importantly, Smith advanced the idea that the wealth of a nation is due to the contribution of those who do the work, which is still applicable today as it was over two centuries ago. To wit, “The abundance or scantiness of its (society) annual supply must depend, during the continuance of that state, upon the proportion between those who are annually employed in useful labor and those who are not so employed (Smith).” In the same year, several important economic developments were happening.
4 Pages(1000 words)Essay
Women in the Workplace A Positive Perspective
And Alexander Pushkin, the Russian poet, in a more emphatic and sensual approach, remarked: "Oh women, if I have got thousand hands I would have embraced you at a time, and kissed you" But Shakespeare has put women in another perspective. He said, "Frailty, thy name is woman!
35 Pages(8750 words)Essay
Critically assess the proposition that collective bargaining is the most appropriate channel to redress the power imbalance within the employment relationship
On the other hand, Company B is being demanded by its employees to raise their income by 5% in view of the fact that the company administration failed to uphold the yearly
6 Pages(1500 words)Essay
Articles Summary
The chapter goes on to indicate that research on migration has traditionally been divided into two subject categories: the first category considers reasons for
15 Pages(3750 words)Essay
An issue considered in the presentations or books
The salary/wage rate must be real and the number of hours must be pegged at a given intensity of the workers efforts. The representation of supply of
4 Pages(1000 words)Essay
Let us find you another Essay on topic Economics of Labor for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us