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Essay

Employment Relations In China

Essay specific features

 

Issue:

History

 

Written by:

Lydia W

 

Date added:

June 1, 2012

 

Level:

 

Grade:

B

 

No of pages / words:

6 / 1625

 

Was viewed:

10118 times

 

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Essay content:

In the sections below we shall discuss the characteristics of employment relations in China and compare its differences to that of Singapore. Three Old Irons Before the beginnings of the transition from a centrally planned economy, the system of three “old irons”; the iron rice bowl (guaranteed lifetime employment), the iron chair (selection based on political orientation, absence of punishment for poor business performance), and iron wages (a state –administered, inflexible wage structure and low wage policy)...
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With this system employees were assigned to state-owned enterprises and received guaranteed lifetime employment. However, all was not well with this system as problems such as overstaffing, lack of motivation and inefficient use of labour were rampant. Transition The transition of China’s economy occurred in 1978, and Deng Xiaoping made many reforms to the system, known as the breaking of the “three irons”...
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