Report an abuse for product Labor and Relations
Company employees comprise one of the most important capitals in the 21st century. While the 20th century saw firms emphasize on their material assets, the competitive landscape is changing rapidly and employees have replaced the material assets and the most important factor determining the competitiveness of an organization. With the changing nature of labor market, organizations have come with the most appropriate packages that are likely to attract and retain the most competitive labor in the market. Organizations must provide employees with all the needed requirements to function optimally in their work. Maintenance of a good relationship between the organization and the workers is an important factor that may have an impact on the overall performance of the organization.