Reference no: EM133863950

Question

The primary concern for an employee is to consistently receive compensation for their work within the company. All employees share the mutual desire to be remunerated by their employer. To maintain this payment, employees are required to behave in specific ways and perform certain tasks. They have a vested interest in the company as their continued performance ensures their ongoing payment, which in turn allows the employer to continue compensating their staff and providing benefits. In some sectors, employees may unite to strengthen their bargaining power with the company, a process known as unionizing. This is an example of the potential actions that employees, as a stakeholder group, might take. Other elements, such as government or society, also play a role in this relationship. The government can impact the employer-employee relationship through labor laws, such as minimum wage or age restrictions. Companies are obligated to pay their employees a state-determined minimum wage. When the government raises the minimum wage, it benefits the employees.