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Industrial relations
~ is a multidisciplinary field that studies the employment relationship. Industrial relations is increasingly being called employment relations because of the importance of non-industrial employment relationships. Many outsiders also equate industrial relations to labour relations. Industrial relations studies examine various employment situations, not just ones with a unionized workforce.
Long Term
~ holding an asset for an extended period of time. Depending on the type of security.
Near Term ~ is used to describe events that may occur soon, in finance, the term is used to explain the time frame during an event or change is expected to occur. It can mean different time frames based on the industry, security being traded or business.
Recession in the US is expected to affect Philippine exports. An enormous imbalance and an international debt of staggering proportions. Philippine may not expect to receive in the future the same volume of economic and military aid it received in the past.
ROLE OF GOVERNMENT IN IR
The need for the labour movement to intensify organizing activities and to form broad alliances with other sectors of society. The need for creating large umbrella organization Labour and management solving their differences at the bargaining table with least interference from the government. Collective bargaining on sustentative issues will be left to the two side involved.
Collective bargaining is a process of negotiations between employers and the representatives of a unit of employees aimed at reaching agreements that regulate working conditions. Collective agreements usually set out wage scales, working hours, training, health and safety, overtime, grievance mechanisms and rights to participate in workplace or company affairs.
THE GREATEST CALAMITY IS NOT TO HAVE FAILED; BUT TO HAVE FAILED TO TRY