Audience

Managers and prospective managers whose roles may be impacted by the presence of unions, and who want to learn the fundamentals of industrial and labor relations

Prerequisites

None

Course Aim

To introduce the learner to wage determination and wage adjustment, and to describe employee benefits

Learning Objectives

Explain the reasons for wage differentials. Discuss wage incentive options. Identify the criteria used for wage determination. Describe the relationship between wages and productivity. Calculate the cost of living. Describe the process of wage adjustments. Negotiate a wage deal. Describe the range of employee benefits. Explain the effects of absenteeism on employee benefits. Discuss how unions affect wages and benefits. Explain what is involved in employee stock ownership.

Topics Covered

Wage Determination - Wage differentials - Wage incentives - Criteria for wage determination Wage Adjustment - Productivity - Cost of living - Cost of living adjustments - DecisionPath: Negotiating a wage deal Benefits - Employee benefits - Absenteeism and employee benefits - How unions affect wages and benefits - Employee stock ownership

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