Which of the following statements best describes the role of unions in wage determination?
A)When labour is scarce, the balance of power tilts toward the employers.
B)It is the supply and demand for labour that determines wages and not the union.
C)The union insists on individual merit-based performance measures when the organization faces external competition pressure.
D)During periods of higher unemployment, the impact of unions is lesser.
E)The role of unions in administering compensation is outlined primarily in the contract.

Question

Quizplus · Accepted Answer

Unions play a significant role in wage determination through collective bargaining, and the specifics of their role are typically outlined in the contract between the union and the employer.

Which of the Following Statements Best Describes the Role of Unions