What are the 5 major ways of achieving workplace governance? Give brief explanation of each.

Question

What will be an ideal response?

Answer 1

The 5 primary mechanisms of workplace governance are: competitive labor markets, human resource management, independent union representation, worker control, and government regulation. Competitive labor markets provide workplace governance by allowing employers and employees freedom of choice in employment. Workers who are unhappy with working conditions would have multiple choices available to them and, by quitting their jobs, apply pressure to improve working conditions. Human resource management recognizes the unilateral authority of management to set the rules of the workplace but good practices dictate that worker and employer interests must be aligned. Independent union representation sets workplace rules through the process of collective bargaining between equally powerful parties to a labor agreement. Worker control gives the power of workplace rule setting over to the workers, who determine their own working conditions. Finally, government regulation would set workplace rules via minimum wage, unemployment compensation, and other protective laws that ensure minimum standards of employment.