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Employee voice - Coggle Diagram
Employee voice
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While advocating a democratic value for the governance of society, most organisations located within democracies do not advocate the same approach for the governance of themselves.
Increase in institutional shareholders (investment companies) and concurrent decline of organised labour (unions) has resulted in declining employee voice.
Legislative frameworks that places the interests of shareholders (i.e. owners) above all other stakeholders on average reduces opportunities for employee voice.
Opportunities available for managers to encourage employee voice by citing potential benefits for shareholders in the eyes of the law.
Policy makers should consider developing legislation pertaining to organisations that provides flexibility for organisational decision-makers to think beyond shareholders.
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The informal and discretionary communication by an employee of ideas,
suggestions, concerns, or information about problems to persons who might be
able to take appropriate action with the intent to bring about improvement or
change