australias wage determination system

Essay specific features

 

Issue:

Business

 

Written by:

Corey T

 

Date added:

March 14, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 929

 

Was viewed:

9374 times

 

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Essay content:

The four institutional forces that affect labour markets are Governments, Trade Unions, Employer associations and Industrial Relations tribunal. Trade unions represent groups of workers on a collective basis. The most important trade union is the Australian Council of Trade Unions (ACTU), which is the peak union body to which most unions are affiliated...
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Trade unions membership has declined substantially from the 1970’s with an average membership of 55% to just 23% in 2003. This is caused by the increase in casual and part time employment, growth in industries with low union membership such as retail and the decentralization of wage determination. Employer associations represent business groups in similar industries in industrial relations matters...
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