Cost and Benefits of Industrial Action
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Costs and Benefits of Industrial Conflict
- Loss of production and reduced productivity due to bans, go slows etc
- Lost market share to domestic and foreign competitors. Bad rep gained from prolonging disputes
- Employees lose in terms of wages and entitlements and loss of employment
- Increased tension in workplace
- Low morale, job dissatisfaction
- Increased resentment, breakdown in communication can lead to absenteeism, labour turnover and fall in productivity
- Tension and dissatisfaction at work can lead to breakdowns at home – even domestic violence
- Vandalism, drug and alcohol abuse can directly or indirectly result form industrial dispute
- Challenged or damaged political reps to internal political party disagreement
- Public opinion of party may be damaged due to mishandling of issue
- Lost markets and market share because business may gain bad rep as an unreliable supplier
- Productivity level drops increasing financial costs, which makes Aust businesses less competitive against efficient overseas businesses.
- Long-term effect on the balance of payments as export revenue is lost
- Provides an opportunity for workers to express their dissatisfaction
- New methods of doing things, changes in technology and techniques
- Change in work and management practices can increase productivity
- New communication lines can be opened between workers and management
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