REACTION PAPER NO 4.

PROTECTING THE ECONOMIC RIGHTS AND SECURITY OF WORKERS

I believe both public and private organizations were established with a vision and
a mission. To achieve the set organization's vision and mission, it needs people
to carry out its mandates to survive, grow, and build a reputable
image.  Organizations have different objectives and focus, but what is common
and not to be taken for granted is their human objectives. Human objectives are
aimed at the well-being as well as the fulfillment of employees’ expectations.
If I may summarize the focus of the discussions about "protecting worker's
economic rights and security", here are four main ideas that I have learned.

1. Protecting the employees' economic well-being – For employees to

feel more satisfied at work and contribute more for the business, they must be
provided with fair remuneration and incentives for performance, benefits fund,
pension and other amenities like medical facilities, housing facilities, among
others.
2. Social and psychological satisfaction of employees - If employees are
happy and satisfied they can put their best efforts in work. Therefore,
opportunities for promotion and advancement in career should also be
provided to the employees. Further, grievances of employees should be given
prompt attention and their suggestions should be considered seriously when
decisions are made.
3. Development of human resources -Employees as human beings
always want to grow. Their growth requires proper training as well as
development. Business can prosper if the people employed can improve their
skills and develop their abilities and competencies in course of time. Thus, it
is important that business should arrange training and development programs
for its Employees. Lastly,
4. Well-being of socially and economically backward people - Business
units being inseparable parts of society should help those who are physically
and mentally challenged. For instance, vocational training program may be
arranged to improve the earning capacity of underprivileged people in the
community. While recruiting its staff, business should give preference to
physically and mentally challenged persons. They should not be
discriminated but encourage to be part of the organization.

Overall since, employees are considered the ‘TALENTS’ of an organization, they

are to be protected and taken care of. Employee’s as talents if satisfied
economically, socially, environmentally (safe workplace) and mentally, I strongly
believe they can truly be an ASSET to the organization who can bring more
value and advantage.