🏛️ Trade Unions
A trade union is an organization of workers that collectively negotiates with employers over pay, conditions and rights.
Advantages for employees
- Stronger bargaining power than individuals
- Better pay and working conditions
- Legal protection and representation in disputes
- Support for health and safety improvements
Impact on businesses
- Can increase labour costs through successful pay negotiations
- May slow decision-making due to consultation requirements
- BUT can improve employee relations and reduce turnover
- Single point of contact for negotiations (efficiency)
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