MGMT 100 Study Guide - Final Guide: Restricted Stock, Solidarity Action, Telecommuting
Document Summary
Labour union is an employee organization whose main goal is representing its members in employee-management negotiations of job-related issues. Private-sector labour unions include those who work as employees of a private firm or business. The relationship between management and employees is not always smooth. Management"s responsibility to produce a profit by maximizing productivity sometimes necessitates hard decisions, which limits a manager"s chance to win popularity contests with workers. Worried of fair and competent management, human dignity, decent working conditions, and a reasonable share in the wealth that its work generates. Workers originally formed unions to protect themselves from unfair treatment. As private-sector union members grew, workers gained more negotiating power with managers and more political power. Historians generally agree that today"s unions are an outgrowth of the economic transition caused by the industrial revolution. Overtime, workers in business learned that strength in unity (union) could lead to improved job conditions, better wages and job security.
