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Industrial relations or employment relations is the multidisciplinary academic field that studies the employment relationship; [ 1] that is, the complex interrelations between employers and employees, labor/trade unions, employer organizations, and the state . The newer name, "Employment Relations" is increasingly taking precedence because ...
Labour economics, or labor economics, seeks to understand the functioning and dynamics of the markets for wage labour. Labour is a commodity that is supplied by labourers, usually in exchange for a wage paid by demanding firms. [ 1][ 2] Because these labourers exist as parts of a social, institutional, or political system, labour economics must ...
The contract of employment is the foundation of the relationship between an employee and his employer. It links the two parties in an employment relationship, irrespective of the form the contract takes. The existence of an employment relationship is the starting point for the application of all labour law rules.
The main ways for employers to find workers and for people to find employers are via jobs listings in newspapers (via classified advertising) and online, also called job boards. Employers and job seekers also often find each other via professional recruitment consultants which receive a commission from the employer to find, screen and select ...
Cooperative education (or co-operative education) is a structured method of combining classroom-based education with practical work experience . A cooperative education experience, commonly known as a " co-op " or work-study program, provides academic credit for structured work experiences, helping young people in school-to-work transition .
More specifically in a North American and strictly modern context, labor relations is the study and practice of managing unionized employment situations. In academia, labor relations is frequently a sub-area within industrial relations, though scholars from many disciplines including economics, sociology, history, law, and political science ...
Business and economics portal. v. t. e. Human resource management (HRM) is the strategic and coherent approach to the effective and efficient management of people in a company or organization such that they help their business gain a competitive advantage. It is designed to maximize employee performance in service of an employer's strategic ...
A psychological contract, a concept developed in contemporary research by organizational scholar Denise Rousseau, [ 1] represents the mutual beliefs, perceptions, and informal obligations between an employer and an employee. It sets the dynamics for the relationship and defines the detailed practicality of the work to be done.