Value of good employer-employee relations

• Bad employer - employee relations:

  
  

  The business may lose revenue from selling its products if the dispute results in industrial action such as a strike and production is halted
• Bad employer -employee relations:

  • The business's reputation may be damaged if it is involved in a dispute with its employees and this may alienate some of its customers
• Bad employee-employer relations:

  • Employees may lose pay if the industrial dispute takes the form of a strike.
• Bad employee - employer relations:

  • The dispute may weaken the employer's finances putting employees' job security at risk
• Good employer -employee relations:

  • Improves the business’s reputation
• Good employer -employee relations:

  • Promoting employee engagement - Poor employer relations are likely to lead to employees believing they are not valued and will reduce their sense of wellbeing.
• Good employee -employer relations:

  • Job security. An employer is less likely to consider replacing employees with technology or moving overseas to locations where industrial action rarely or never occurs