Question

Explain and contrast the four schools of thought about the employment relationship and how they fit...

Explain and contrast the four schools of thought about the employment relationship and how they fit into the handling of the “labor problem”.

Homework Answers

Answer #1
Four schools of thought about the employment relationship are as follows
  • Mainstream economics school
  • Human resources management school
  • Industrial relations school
  • Critical industrial relations school
mainstream economics school of thought focuses on the economic activities of self interested agents like workers and organization, who interacts in competitive markets. efficiency, equity achieved with the help of free market competition. Mainstream economics school of though sees the imperfections in the competitive labor market as the cause of labor problem. The solution is to make sure the competition in the market by encouraging many workers and employers, each with freedom to make their own choice about where to work and who to hire.
The human resource management school of thought believes that labor problems caused by poor management, Because the management policies are responsive for the needs of workers , equity will also be achieved. human resource management school of thought says that if the organizations are following their school of thoughts of effective management then workers will be satisfied and they will not support unions. They believes that unions are unnecessary third parties which prevents employees and employers from getting closer. So the better management practice will help and encourage the employee equity & voice.
The Industrial relations school believes that labor problem is caused by the unequal bargaining power between the individual employee and organization. So in order to overcome the labor problem is to encourage the collective bargaining and independent unionization , it will helps to equalize the imbalance in power.
The critical industrial relations school sees the capitalist institutions do not simply exist, but they are created by the society, it focus on our attention on how dominant groups design & control institutions to serve their own interests, imperfectly because of resistance from competing group. They sees the labor problem as action of class conflict & ability of the ownership class in order to control the laws & rules of the society to their best benefit. The solution for this can be found by assuming worker control over the modes of decision making and production in society
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
There are four major schools of Macroeconomic Thought that were discussed in class and the text....
There are four major schools of Macroeconomic Thought that were discussed in class and the text. Which School of thought do you prefer? Why do you prefer this school of thought? What problems exist with this school of thought?
In 75-100 words (your own, that is) compare & contrast the 3 "schools of thought" covered...
In 75-100 words (your own, that is) compare & contrast the 3 "schools of thought" covered "in class", the handout/outline, the lecture that goes with it & any other resource you might find. (For example, do they emphasize the demand or supply side of the economy; short-run or long-run; government intervention; et al.). Please help me with that!
Leadership theories are schools of thought brought forward to explain how and why certain individuals become...
Leadership theories are schools of thought brought forward to explain how and why certain individuals become leaders. The theories emphasize the traits and behaviors that individuals can adopt to boost their own leadership abilities. How can you apply Leadership Theories at the workplace?
There are two different schools of thought on how to lower gasoline prices and reduce US...
There are two different schools of thought on how to lower gasoline prices and reduce US dependence on foreign oil. Can you graph how these two changes will bring about lower gas prices?
Explain the Financial Crisis solution using one of the following schools of thought. Austrian, Monetarism, Keynesian...
Explain the Financial Crisis solution using one of the following schools of thought. Austrian, Monetarism, Keynesian or Chicago.
give a 5-6 paragraph . talk about  Neoclassical (second generation). explain the characteristics of each of the...
give a 5-6 paragraph . talk about  Neoclassical (second generation). explain the characteristics of each of the three schools of thought and compare and contrast each of them with the characteristics of today's economy.
How can knowledge of past schools of management thought benefit today’s managers? Give at least one...
How can knowledge of past schools of management thought benefit today’s managers? Give at least one example of a management theory that you agree with and at least one example of a management theory that you do not agree with. Explain your reasoning.
Compare and contrast ethical activities and illegal activities. Fully explain the thought process behind each and...
Compare and contrast ethical activities and illegal activities. Fully explain the thought process behind each and how a properly designed internal control system should reduce the risk of fraudulent financial reporting while enhancing transparency in the reporting process. Include a biblical application in your analyses.
Compare and contrast ethical activities and illegal activities. Fully explain the thought process behind each and...
Compare and contrast ethical activities and illegal activities. Fully explain the thought process behind each and how a properly designed internal control system should reduce the risk of fraudulent financial reporting while enhancing transparency in the reporting process. Include a biblical application in your analyses
1.      Explain in detail the Sapir-Whorf Hypothesis of Linguistic Relativity that discusses the relationship among thought,...
1.      Explain in detail the Sapir-Whorf Hypothesis of Linguistic Relativity that discusses the relationship among thought, culture and language.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT