how does strikes impact on business in general
Answers
Answer:
THE AFFECTS OF STRIKES ON BUSINESSES AND EMPLOYEES Strikes are becoming more
Many employers can expect a decrease in productivity in all work environments. Where some businesses .
Answer:
When you business is between one and five employees, losing one or two employees for a few days a week will have a significant impact on your business. But a long-term strike can affect more than productivity and efficiency. Household income and the income spent on our local businesses will be impacted as well.
Explanation:
THE AFFECTS OF STRIKES ON BUSINESSES AND EMPLOYEES
Strikes are becoming more and more common and this affects not only the local economy but, businesses and employees alike. Employment relationships between both parties could become strained and this could affect teamwork and profitability. Businesses suffer production and financial losses and consumer confidence is adversely affected.
AFFECTS ON EMPLOYERS
Whether a strike is legal or Illegal, the business is affected and it is imperative for employers to know their rights and to keep up to date with current labour laws and legislation. Some businesses may opt to hire workers to replace the striking employees and perhaps increase shifts if the strike continues for a long period of time. It is very important that part time/temporary workers have a contract by law. The employer does not have to remunerate striking workers for days not worked. If the strike is illegal this could constitute as a fair dismissal.
AFFECTS ON EMPLOYEES
Striking Employees that belong to a union are under obligation to strike when the union determines. They could be at risk of losing not only wages but benefits such as medical aid insurance, sick and holiday pay if the strike drags on for an extended period of time. If an employee is a union member and does not want to partake in the strike, he/she could be at risk of intimidated by members of the union. Members belonging to a union in a legal strike are generally protected from dismissal.
AFFECTS ON THE ECONOMY
The affects of striking will be felt in the immediate and long term future as strikes are appearing to re-occur in some sectors and in some cases have become violent. Economists agree that the affect of strikes on the economy are difficult to calculate but, is detrimental to the country and its workers. GDP growth will be affected and the consequences of higher wages in certain sectors would inevitably lead to higher inflation.
Hope I was able to answer your question.
please mark me as brilliant.