Relations with Employees & Labor Practices
From its early stages, responsible relations with employees and protection of labor rights have been one of the core topics of corporate social responsibility. Because employees are valuable assets of each company, their satisfaction, professionalism, loyalty, and motivation are vital for the company.
On the other hand, creating employment, relations with employees and protection of labor rights are important parts of social and economic impacts of each business company. Decent and fair work conditions have an impact on the quality of life of the employees and their family members, their health, as well as social and economic development.
Thus, various stakeholder groups – customers, investors, international organizations, trade unions, labor rights protection organizations, etc. – pay a particular attention to responsible treatment of company employees and adherence to labor standards.
Responsible relations with the employees also can bring various benefits to the company. For example:
For these reasons, the company CSR initiatives and programs are often primarily focused on “internal” stakeholders – employees of the company.
Following are main CSR issues in relations with labor practices:
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