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Outline the role of stakeholders in resolving industrial conflict, and critically analyse the impact of global trends in employment relations on business role and structure. - HSC - SSCE Business Studies - Question 28 - 2002 - Paper 1
Question 28
Outline the role of stakeholders in resolving industrial conflict, and critically analyse the impact of global trends in employment relations on business role and st... show full transcript
Worked Solution & Example Answer:Outline the role of stakeholders in resolving industrial conflict, and critically analyse the impact of global trends in employment relations on business role and structure. - HSC - SSCE Business Studies - Question 28 - 2002 - Paper 1
Step 1
Outline the role of stakeholders in resolving industrial conflict
Answer
Stakeholders play a crucial role in resolving industrial conflicts by representing various interests and facilitating communication among parties involved. Key stakeholders include:
- Employees: They are directly affected by conflicts and can express their concerns through collective bargaining or strikes.
- Employers: Management must address employee grievances to maintain productivity and morale.
- Unions: These organizations represent employee interests and negotiate with employers to reach agreements.
- Government: Regulatory bodies often intervene to enforce labor laws or mediate disputes between employees and employers.
- Community Organizations: These can advocate for employee rights and work to ensure fair treatment in the workplace.
Each of these stakeholders must engage in dialogue, negotiate terms, and aim for mutual understanding to effectively resolve conflicts.
Step 2
Critically analyse the impact of global trends in employment relations on business role and structure
Answer
Global trends significantly influence employment relations, reshaping business roles and structures. Key impacts include:
- Search for Cheaper Inputs: Businesses are increasingly outsourcing services to minimize costs, leading to varied employment structures and job roles.
- Technological Advancements: Automation and digital communication reshape job descriptions and necessitate constant skill upgrades, impacting employee training and development.
- Flexible Work Arrangements: The rise of remote work alters traditional business hierarchies, creating more decentralized structures that empower teams.
- Diversity and Inclusion: Globalization emphasizes the need for diverse workplaces, prompting shifts in hiring practices and organizational cultures.
These trends necessitate businesses to adapt their structures and roles, focusing on agility and employee engagement to thrive in a competitive, interconnected marketplace.