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    Importance of Labor Relation

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    Beah Robles
    The document discusses the importance of good labor relations between employees and employers. It outlines 7 key benefits of strong labor relations: 1) It contributes to economic growth and increased efficiency and productivity; 2) It reduces employee turnover as employees feel more valued; 3) It ensures employees stay longer to gain extensive knowledge of company practices; 4) It enhances employee motivation and engagement which increases productivity; 5) It has a positive impact on company growth and revenue; 6) It reduces workplace conflicts; 7) It increases employee loyalty which improves retention. Overall, the document argues that positive relations between employers and employees leads to higher motivation and productivity.

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    Importance of Labor Relation

    Uploaded by

    Beah Robles
    126 views5 pages
    The document discusses the importance of good labor relations between employees and employers. It outlines 7 key benefits of strong labor relations: 1) It contributes to economic growth and increased efficiency and productivity; 2) It reduces employee turnover as employees feel more valued; 3) It ensures employees stay longer to gain extensive knowledge of company practices; 4) It enhances employee motivation and engagement which increases productivity; 5) It has a positive impact on company growth and revenue; 6) It reduces workplace conflicts; 7) It increases employee loyalty which improves retention. Overall, the document argues that positive relations between employers and employees leads to higher motivation and productivity.

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    The document discusses the importance of good labor relations between employees and employers. It outlines 7 key benefits of strong labor relations: 1) It contributes to economic growth and increased efficiency and productivity; 2) It reduces employee turnover as employees feel more valued; 3) It ensures employees stay longer to gain extensive knowledge of company practices; 4) It enhances employee motivation and engagement which increases productivity; 5) It has a positive impact on company growth and revenue; 6) It reduces workplace conflicts; 7) It increases employee loyalty which improves retention. Overall, the document argues that positive relations between employers and employees leads to higher motivation and productivity.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    126 views5 pages

    Importance of Labor Relation

    Uploaded by

    Beah Robles
    The document discusses the importance of good labor relations between employees and employers. It outlines 7 key benefits of strong labor relations: 1) It contributes to economic growth and increased efficiency and productivity; 2) It reduces employee turnover as employees feel more valued; 3) It ensures employees stay longer to gain extensive knowledge of company practices; 4) It enhances employee motivation and engagement which increases productivity; 5) It has a positive impact on company growth and revenue; 6) It reduces workplace conflicts; 7) It increases employee loyalty which improves retention. Overall, the document argues that positive relations between employers and employees leads to higher motivation and productivity.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 5

    Importance of Labor

    Relations
    Pearly Jane I. Baldado
    BA 301 F 2:00-3:00pm MWF
    The purpose of great labor relations is to establish and strengthen
    the employee and employer relationship. This can be achieved by
    measuring employee satisfaction, identifying and resolving workplace
    issues, and providing input and support to the performance management
    system of the company.
    Labor relations can make or break an organization. Great labor
    relations will make a business successful in the long run. A good
    understanding between employees and employers is important to reduce
    industrial disputes.
    The 7 Top Benefits of Great Labor Relations
     1. Growth and Development
    A harmonious relationship between employees and employers contributes to
    economic growth and development. This leads to an increase in efficiency.
    Greater efficiency, in turn, leads to higher productivity and growth.
     2. Reduction in Turnover
    Labor relations is the backbone of any business. Poor labor relations will
    affect productivity and result in high employee turnover. It is only when
    employees feel valued that they will use their skills and experience to the fullest
    to contribute to the growth of the company.
     3. Employees have Extensive Knowledge of Company Practices
    The reduction in turnover ensures that employees stay with a company for
    longer. This enables them to gain extensive knowledge of company policies,
    practices, and processes.
     4. Enhanced Motivation
    Disengaged employees can cost organizations millions of dollars in lost productivity.
    Companies that have engaged workers experience higher productivity.
     5. Increase in Revenue
    Great labor relations will have a positive impact on the growth and revenue of a
    company.
     6. Conflict Reduction
    Workplace issues and conflicts are common. Conflicts are inevitable in any
    organization. These can range from complaints about discriminatory employment
    practices to working conditions.
     7. Employee Loyalty
    When a pleasant and productive work environment is created, it will have an
    effect on the loyalty of the employee. The work environment will encourage a loyal
    workforce. Companies that have such a workforce will be able to improve employee
    retention.
    A positive relationship between employers and employees leads to higher
    motivation and employee engagement. When employees are happy, they are more
    productive. They will put more effort into their work. This translates into satisfied
    customers and more revenue.

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