Business Studies – 2.2.5 The role of trade unions | e-Consult
2.2.5 The role of trade unions (1 questions)
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Trade unions can provide benefits to both their members and the wider economy.
Benefits for Members:
- Improved Wages and Working Conditions: Through collective bargaining, trade unions can secure better pay, benefits, and safer working environments for their members.
- Job Security: Unions often negotiate for job security provisions, such as protection against unfair dismissal.
- Voice and Representation: Unions provide a platform for members to voice their concerns and have their interests represented in the workplace.
Benefits for the Wider Economy:
- Reduced Inequality: By advocating for fair wages and benefits, trade unions can help to reduce income inequality.
- Increased Productivity: Improved working conditions and job satisfaction can lead to increased productivity and efficiency.
- Improved Industrial Relations: Unions can promote better communication and cooperation between employers and employees, leading to more stable and harmonious industrial relations.
- Economic Stability: By preventing disputes and strikes, unions can contribute to economic stability.