MGM102H5 Chapter Notes - Chapter 10: Picketing, Tim Hortons, Rand Formula
Document Summary
Managers are responsible for profitability through maximizing productivity. Labour (non-management workers) demands for fair and competent management, human dignity, decent working conditions, a reasonable share in the wealth that its work generates, etc. Issues must be worked out through open discussion, goodwill, and compromise. To cope with the rapid changing economy, management has been laying off employees, automating operations, and demanding more flexibility in how it uses its remaining workforce. Skilled workers with 15,20, or 25 years of experience have found themselves unemployed. Union = an employee organization that has the main goal of representing members in employee - management bargaining over job-related issues. Used to function as a protection for workers from intolerable work conditions and unfair treatment. Now they get more negotiating power with managers and more political power. Establishment of minimum-wage laws, overtime rules, workers" compensation, severance pay, child-labour laws, etc. Believed that unions will regain strength as companies become more involved in practices such as outsourcing.
