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Labor relations process 3 key stages
Labor relations process 3 key stages





Wage and salary are considered as most important and difficult collective bargaining issue. From this perspective, the wage issues require a specific analytical framework because the work cannot be separated by the human beings, and according to the several studies, the level of payment and economic benefits of employees are positively related to employee satisfaction at work. This requires a specific analyze due to the fact that the work is realized under a contract and propose and active commitment of the workers. Wages and benefits received by employees for their work represent the compensation or ‘the price paid by employers for their workers services’. The world economic crises have shown that the role of wages in sustaining demand in a context of stagnant growth and very low inflation is very important and needs a particular attention from the part of management boards, government and employees, through their representants. Wage is considered as an important economic variable for competitiveness. It is know that wage and other economic benefits for employees represent not only their current income, but also the potential for economic growth and the ability to live comfortable during the active life and after the retirement. Why is an important topic for Human Resource Management?

labor relations process 3 key stages

The decisions taken refer to wages, working conditions, hours of work, and safety at work, security and grievances. Labor relations are the term used to define the process between employers and employees, management and unions in order to make decisions in organizations. Benefits are necessary to assure the job satisfaction. It is about benefits in financial terms, but, also, talking about safety at work, security, rights and duties. The employers realize that to keep motivated and committed people in organization need more than a salary. For them, the labor relations become a way to live, to self‐development and to obtain recognition. Employee role in organization has grown in importance and variety over the time. Means a sum of connections between skills, abilities, values and opportunities at work.

labor relations process 3 key stages labor relations process 3 key stages

The labor relations are more than a static interpretation of contract between an employee and an employer. Today’s workers want more than a salary, and they want additional benefits to enrich their lives, to increase their importance at workplace and to be valuable for the organization.







Labor relations process 3 key stages