Trade unions Flashcards
(11 cards)
What are trade unions
Union of workers that promote and protect the interests of their members
What are the functions of trade unions (5)
-> Improve pay
-> Improve working conditions
-> Support against unfair dismissal or treatment
-> Provides training
-> Take industrial actions
-> Improve non-wage benefits
What is collective bargaining
Negotiations between employers and the union on the pay and working conditions
When can trade unions bargain(4)
- Increased productivity of workers
- Increase in sales and consumer demand
- Workers in other firms are receiving higher pay
- Increased cost of living/ Inflation
Name 3 Industrial disputes and explain
Strike - Workers refuse to produce goods/services
Overtime-ban - Workers don’t work beyond their working hours
Go Slow - Workers produce products at a slow rate
Advantages - Workers
- Feel represented
- Improved conditions
Disadvantages - Workers
- During strike - won’t be paid
Advantages - Firms
- Increased morale - Increased productivity
- Faster negotiations
Disadvantages - Firms
- Higher costs of production for reduced output
- Less profitability
Advantages - Economy
- Representation of individuals
Disadvantages - Economy
- Less competitive market
- More unemployment rates
- Total output is impacted (industrial disputes)