Business – 2.1 HRM – Management and workforce relations | e-Consult

2.1 HRM – Management and workforce relations (1 questions)

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Stakeholder

Advantages

Disadvantages

Employers

Structured negotiation framework reduces ad‑hoc disputes.

Potential for improved industrial relations and reduced strike risk when agreements are respected.

Higher labour costs due to wage and benefit demands.

Reduced managerial flexibility in making rapid changes to work practices.

Employees

Collective voice leads to better wages, benefits and job security.

Support and representation in disputes or disciplinary matters.

Union dues reduce net earnings.

Potential for industrial action that can jeopardise job continuity.