In: Economics
Discuss 2 types of labor disputes and approaches to their settlement.
SOLUTION
LABOUR DISPUTE
A labour dispute is where a disagreement arises between two parties In an organisation , usually the employer and the employee .
TO DEFINE A LABOUR DISPUTE,
* One must understand the basic understanding of labour laws.
* The dispute usually involves disagreement around
Benefits
Pay
Conditions of employment
Organisational procedures and hours worked
Labour disputes can lead to work strikes or lockouts.These are consequential for the employer, leading to the lack of production, profits ad sometimes leading the company to close its doors.They are fairly common, they are not always between the employer and the employee . In some cases it can arise between multiple managers and multiple employees. Many labour disputes arises resulting In social,political and legal policies. It is important to identify and correct any labour dispute early because it harms the company.
TWO TYPES OF LABOUR DISPUTES
* Interest disputes
* Rights dispute
INTREST DISPUTE
Dispute that arise from disagreement such as
* Pay
* Bonuses
* Vacation time
RIGHTS DISPUTE
Disputes that arise from work standards and expectations
* Fair wages
* Working conditions
* Available opportunities
APPROACHES TO THEIR SETTLEMENT
* Collective bargaining
* Mediation
* Conciliation
* Arbitration
COLLECTIVE BARGAINING
Industrial disputes between the two parties (employee and the employer) can also be settled by discussion and negotiation between the two parties In order to arrive a decision.It is known as collective bargaining as both the parties eventually agree to follow the decision that they arrive at after a lot of negotiation and discussion.
MEDIATION
Mediation is one of the most important tool In labour dispute. The out- of- court disputes, labour authority and employment can use mediation to resolve collective matters.
CONCILIATION
Conciliation means a process whereby parties come into mutual consent appoint conciliator and conciliation officers to assist them In their attempt to reach a amicable settlement of industrial dispute arising out of contractual relationship.
ARBITRATION
The reference of disputes between management and labour unions to a impartial final party for a final resolution- is usually a last step under a collective bargaining agreement after all the other measures to be achieved for the settlement have been exhausted.