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Unformatted text preview: binding Arbitrator- hired by union and management to make final and binding decision on a disputed issue Economy- indicating movement among such quantitative indicators as inflation, unemployment, and productivity Labor Market- skills, wage levels, and availability of employees Product or Service Markets- Company either sells or purchases key elements required for production of its product or services Financial Market- employers seek to borrow funds to finance their investment strategies Technology- most immediate and persistent influence on the creation of work, 4 dimensions Union Density-the proportion of total group. Comprised of union members is one measure relative to union strength Employment a Will- permits employers to discharge an at will employee at any time for any reason...
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- Spring '11