Learning Objective 6: Discuss some of the issues associated with unionized employees, including collective bargaining and dispute resolution.Managing Unionized Employees&Resolving DisputesLabor union: employee organizations formed to deal with employees for achieving better pay hours and working conditions.Collective bargaining: the negotiations process through which management and unions reach an
Matrix Ten- Chapter TenBusiness Foundations: A Changing World (Ferrell et. al 2018)Name:agreement about compensation, working hours, and working conditions for the bargaining unit.Labor contract: the formal written document that spells out the relationship between the union and management for a specified period of time, usually 2 or 3 years. Picketing: a public protest against management practices that involves union members marching and carrying antimanagement signs at the employer’s plantStrikes: employee walkouts, one of the most effective weapons labor has. Boycott: an attempt to keep people from purchasing the products of a company.Lockout: management’s version of a strike, wherein a work site is closed so that employees cannot go to work.Strikebreakers: people hired by management to replace striking employees called “scabs” by striking union members. Conciliation: a method of outside resolution of labor and management differences in which a third party isbrought in to keep the two parties talking.Mediation: a method of outside resolution of labor and management differences in which the third party’s role is to suggest or propose a solution to the problem.
Matrix Ten- Chapter TenBusiness Foundations: A Changing World (Ferrell et. al 2018)Name:Arbitration: settlement of a labor/management dispute by a third party whose solution is legally binding and enforceable.
Matrix Ten- Chapter TenBusiness Foundations: A Changing World (Ferrell et. al 2018)Name:Learning Objective 7: Describe the importance of diversity in the workforce.
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