Examlex
Whether managers adopt theoretical capacity as an aspirational goal or not,they recognise that,in practice,operating interruptions (such as scheduled maintenance time,shutdowns for holidays and so on)are unavoidable.
Autocratic Workplace
An environment where decision-making is concentrated in the hands of a single leader or a small group, often resulting in minimal input from employees.
Union Acceptance
The acknowledgment and approval by an employer or society of the role and rights of unions to represent their members.
Human Resource Management
The strategic approach to the effective and efficient management of people in an organization to help it gain a competitive advantage.
Above-Market Wages
Compensation levels that exceed the average pay rate within a specific industry, sector, or geographical area.
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