(Solved Homework): Explain the microeconomic impact of unions, the prevalence of us employment laws…

Explain the microeconomic impact of unions, the prevalence of us employment laws whether HRM has replaced the need for unions and consider the three goals ofvlabor relations process(efficiency equity and voice).

Expert Answer

Microeconomic impact of Unions has been quite beneficial for certain section of organization. The minimum wages of workers have increased as unions can now bargain and request the higher management to always do justice with the workers. The productivity of many employees has increased and fair treatment has been given to almost all employees. The demand for products that are produced in the home country has increased marginally as some amount of tax benefits are sought by them.

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Yes, absolutely HRM has almost replaced the needs for formation and operational work for Unions. Unions are no longer needed in many organizations and all the work that was done by them is much more effectively done by HRM in many organizations.

The labor can now voice their requests and concerns online as well and every ticket that is assigned is solved within a particular pre-defined timeline. Equality has also been given to each employee as anyone can access HRM and can raise voice and can get the issue resolved. HRM has also modified certain policies to favor the employees and fair treatment is ensured.

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