Labour Market Institutions

Cards (11)

  • Industrial Relations
    The relationship between employees and employers. Involves the laws, institutions and processes established to resolve the conflicts.
  • Unions
    Trade unions are associations of workers aiming to advance the interests of their members by improving wages and working conditions
  • Occupational Unions
    Draw their members from persons who possess a particular occupational skill/s
  • Industry-based Unions
    Covers workers in a particular industry
  • Enterprise-based Union

    Represent only the workings of a specific enterprise
  • General Unions
    Covers a whole range of workers with many different skills across various industries
  • Employer Associations
    Organisations formed to present the interests of businesses, especially in industrial relations and in lobbying the government
  • Role of Employer Associations
    • Assists members in negotiating wage agreements with employees
    • Provide advice, training and direct assistance to employees
  • Minimum Wages
    Acts as a safety net for employees by providing minimum rates of pay for employees not covered by an award or workplace agreement
  • Awards
    Industrial awards provide a set of minimum wages and working conditions for employees specific to their industry, job classification, occupation or type of work performed
  • Enterprise Agreements
    Made between groups of employees and firms or groups of firms. Made to suit the specific needs of particular enterprises and can offer pay above minimum rates