Im only going to be listing 1-5 because im too busy
1. The 'rate of productivity growth' refers to the change of productivity between years. The performance indicator is a direct measure of efficiency and it refers to the amount of output ( per unit) against input.
2. Refers to achieving the right amount of time to meet work commitments and the demands of family. Flexible working conditions such as the adoption of 'Maxi-time" assists individuals to better balance the demands of work and life commitments to achieve a work life balance.
3. Organisational Inertia refers to the unenthusiastic response to be proactively adapt to change. This is often a restraining force as managers and employees do not want to due to the unknowns such as unexpected financial costs.
4. The percentage of market share is the amount of sales and organisation has compared to their competitors within the same industry. A high percentage of market share suggest that their sales are higher and are outdoing their competitors. "Coca- Cola Amtil" has a larger market share in the soft drink industry which may indicate that their customer base is substantial.
5. Industry wide awards are legally binding documents which states minimum wages and basic working conditions that apply to a whole industry. They are determined by a central governing body and their tribunals such as Fair Work Australia. Collective agreements are those ratified documents that state basic wages and working conditions and apply to one particular organisation. They are determined by unions ( who act on behalf of employees) and employers through collective bargaining. Advantages of awards is that it may act as a safety net under a decentralised approach eg " The ten minimum standards " to those organisations that adopt "enterprise bargaining". This will protect those who poor negotiators. A disavantage however is that it is less flexible for employers and employees to negotiate over their wages and reward programs if they can reach productivity targets ,as they have already been determined by these government bodies. A disavantage for collective agreements may also cause disputes between employers and unions as these negotiations may become too lengthy.
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