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Describe the five-step model of decision-making. Use the model to describe a decision you have made.
Collective Bargaining
A process where employers and employees negotiate wages, hours, and working conditions through their representatives.
Threat of Strikes
The potential action of workers stopping work as a form of protest or to demand improved conditions or wages, used as leverage in negotiations.
Welfare Capitalism
An approach in which companies provide welfare-like services to their employees, such as housing and healthcare, to improve working conditions and reduce labor unrest.
Strategic Human Resource Management
An approach to managing human resources that supports long-term business goals and outcomes with a strategic framework.
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