9. Name the 5 factors increasing job satisfaction and comment on them.

10. Sum up information you’ve acquired about pays and benefits considering the following issues:

• the importance of price of labour in business;

• different kinds of pay people get (minimum wages, salaries, commissions, bonuses, share options, severance packages, perks, fringe benefits);

• 5 factors for jobs satisfaction.

Unit 4. Industrial relations

Chemco is a large manufacturer of chemical products, employing about 10,000 workers. The workers are nearly all members of UCW, the Union of Chemical Workers, which negotiates terms and conditions of employment on their behalf. There is normally an annual bargaining session, where pay, holidays, hours of work and other terms of employment are ironed out.

This year there has been a sudden increase in Euro’s inflation rate. Inflation in Euro usually runs at 10%, but for various reasons it has been running at 18% over the past three months. For this reason, Bob Newstein, the President of UCW, has arranged a meeting with Paul Scott, the Personnel Manager of Chemco Ltd.,in order to put the employees’ claim for a higher basic rate of pay.

Relations between the Union and the management at Chemco are good. However, at the recent union meeting the workers voted in favour of a demand for 20% pay increase. Newstein, therefore, has the responsibility to put this demand to the Chemco management.

1. Complete the words in the right-hand column.

something which is manufactured	p__________
negotiations over pay	b__________
to settle or solve (a problem)	i_____ o_____
the amount of inflation	inflation r____
something asked; a demand	c______
work done after normal working hours	o____________
to make smaller or shorter	r__________
the time worked in a week	w_____ w____
wages looked at in terms of their actual buying power are wages in	r____ t_____
150% of normal pay	time- _________

2. Fill each gap in the following passage with an appropriate word.

Chemco is a ____ manufacturer of chemical products, employing ____ 10,000 workers. The workers are ____ all members of UCW, the ____ of Chemical Workers, which negotiates ____ and conditions of employment on their _____. There is normally an _____ bargaining session, where pay, holidays,____ of work and other terms ___ employment are ironed ___.

This year there has been a ____ increase in Euro’s inflation ____. Inflation in Euro usually runs ___ 10%, but for various reasons __ has been running at 18% ___ the past three months. For ___ reason, Bob Newstein, the President ___ UCW, has arranged a meeting ___ Paul Scott, the Personnel Manager __ Chemco Ltd.,in order to____ the employees’ claim for a ___ basic rate of pay.

Relations _____ the Union and the management ___ Chemco are good. However, at the ______ union meeting the workers ____ in favour of a demand ___ 20% pay increase. Newstein, _______, has the responsibility to put ____ demand to the Chemco management.