Week 13 Flashcards
(39 cards)
List the 3 alternative approaches to organizing work
Unitarist
Pluralist
Radical
Unitarist approach: conflict results from ______ ______
Poor management
Unitarist approach: can unite what through what
Employer – employee interests through proper management
Unitarist approach: freedom to contract and property rights over labour allow workers to what
Leave bad situation/discipline bad managers, and firms
Pluralist approach: employers and employees have a ____ of _____ objectives inherent to the ______ employment relationship
Mix
Conflicting
Capitalist
Pluralist approach: can achieve ______ on some objectives through ____ and procedure
Compromise
Rules
Radical approach: employment, relationships, inherently, and deeply ______ and ______
Conflictual
Unstable
Radical approach: capitalism tendency towards ____, undermines, democracy/______, and merits fundamental _____
Crisis
Justice
Reforms
Different approaches: which one has human relations management
Unitarist
Different approaches: which one has high performance work organizations
Unitarist
Different approaches: which one has job and organization design
Unitarist
Different approaches: which one has appropriate job matching
Unitarist
Define institutional economics
Ensure freedom of contracting and limitation of market power
Breaking up or regulating monopolies and labour market shelters are examples of what
Institutional economics
Different approaches: which has institutional economics
Unitarist
Different approaches: which is grounded in the idea of industrial democracy
Pluralistic
List for common labor, market institutions
Minimum wage laws
Union/collective-bargaining
Employment protection, legislation
Mandated leave/benefits
Define minimum wage
Statutory minimum wage rate, at which an employer can pay a covered employee
Where, and when did minimum wage first occur?
(And what was it the results of)
In the late 1800s in OZ and NZ
(Results of campaigns to ensure a decent standard of living as industrialization progressed)
List 2 impacts of labour market institutions
Reduce earnings inequality
May contribute to higher unemployment, depending on implementation
Different approaches: which approach has a fundamental reconfiguration of power alignments
Radical approach
What does ESOPs stand for?
Employee share ownership plans
List the two goals of ESOPs
A way for workers to share in the profits of production
A means of generating more consensus in the workplace
What happens in ESOPs
Employees receive some of the company profits in the same way as would other shareholders