The Labor Force is the one employed by a company or an industry, called employer to provide a certain service for the employer in return for a salary or wages. It is responsible for the growth and downfall of a company. Best and competitive employees will determine a good outcome for the company. It could also simply refer to the human capital of an organization.
SEV Staffing, Inc., providing Recruitment Solutions in Garth Road Baytown TX, will try to revisit some relevant information about this human capital as resource to perform a specific task for a particular purpose or goal. This human capital is a combined resources of intelligence, capacity, trainings, skills, ability wisdom and judgment of an individual that can be used to bring forth a positive result, regardless of gender, beliefs, religion, cultural and political affiliation and economic status.
What do you know about Human Capital?
They are individuals considered as the intangible asset of a company. Even if they are employed, their employer does not own them. Their knowledge, abilities and skills are engaged for a period of time for the firm to gain. They can be very effective on carrying out their functions in accordance to their capabilities. The firm could not hold them if they wanted to leave and market their talents in or to another place. The human capital may be perceived to consume their time in the following key activities:
- Knowledge
- Collaborating with other employees
- Processing an activity with focus on the knowledge and collaborative efforts within the firm;
- Leave of absence, could be vacation, sick or enjoying holidays
What does the labor law provides?
The relationship between the employee, employer, trade union and the government is covered by labor laws to protect the rights, working condition and labor standards of parties concerned. For the tripartite agreement between, the employee, employer and trade union is mediated by a collective labor laws. The government is there to enforce the law and makes sure that the standards and considerations set forth are followed.
The Employment Terms
The basic characteristic of a labor law is the formulation of an employment contract to protect the rights and obligation of the employer and employee where the terms and conditions are compensated by a mutually acceptable law. This way the employee will have a concrete understanding of what is required and what is expected including the salary and benefits and working hours while the employer may have the right to terminate an employee for any reasonable breach of the employment contract.
What is a Trade Union?
This is an organization formed by employees to protect its rights and general welfare while on active work. Any employee can take part in contributing for the success of a common goal which is to maintain and improve the working conditions of the employees. A trade Union may elect officers from the members to represent the entire body during bargaining and negotiating with the employers.
For your staffing needs, SEV Staffing, Inc.’s Recruitment Solutions in Garth Road Baytown TX is always ready to assist you!
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