Labor relations

Labor relations.
Speaking about this topic, first of all I would like to define what the word “labor” means. Labor is an effort, both physical & mental, made by human beings in production. It is the “human” element which is important.
1. First, whereas a machine which proves profitable can be reproduced fairly easily & quickly, the overall supply of labor does not depend upon its earnings. Other factor is more important in deciding how many children parents have.
2. Second, the effort of labor is not determines solely by the reward offered. The method of payment may affect effort, while raising wages may result in less work being offered. Above all, a contented worker will produce more than an unhappy one; thus job satisfaction or loyalty to a firm, rather than a high rate of pay, may be decisive in inducing an employee to work overtime.
3. Third, labor does not move readily, either occupationally or geographically, in response to offer of a higher reward. Often such “immobility” results from strong human contacts.
4. Fourth, workers can combine together in trade union.
5. Finally, if unemployed for long periods, workers deteriorate physically & mentally.
Both firms & government must have politics which take account of these special characteristics. Training schemes are essential to improve the skills of workers & thus their productivity. Firms must pay particular attention to psychological & social factors in an effort to motivate workers, e. g. by profit-sharing schemes. Furthermore, they must endeavor to co-operate with the workers’ trade-union representatives, with different labor union.
Manual & service industry workers are often organized in labor unions. A labor union is an organization of employees, & it’s formed to achieve common goals in the areas of wages, hours worked, & working conditions. Basically, labor unions exist to influence employers to further the benefits to employees.
There...

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