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What are the advantages of trade unions?
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(A) Advantages to Workers
(1) Trade union can promote unity among worker members.
(2) Trade Union ensures improvement in working conditions and provision of better welfare facilities. Thus workers' efficiency can be increased.
(3) Trade unions induce self-reliance and self-respect among the workers there by helping to build up national character. They can therefore be paid fair share of the results based on the actual work produced.
(4) Trade unions help in getting the employer's attitude changed against the exploitation of workers.
(5) Trade unions help in maintaining the wages at a uniform level in terms of the actual economic value.
(6) Trade unions can negotiate better with the employers through collective bargaining.
Being an organised body, it can avoid strike and dispute honourably by putting pressure on the employers to solve the problem on the basis of self-respect.
(7) If trade union is strong, it can participate in the working of the industry.
(B) Advantages to Employers
(1) Industrial disputes can be avoided or may be solved amicably by developing mutual interests and thus employers can maintain work flow.
(2) Trade unions may develop a sense of responsibility and loyalty among workers through counseling and collective bargaining. In this way, they help maintaining industrial peace. '
(3) They protect the social resources and make best use of them by promoting industrial democracy.
(4) Trade unions may associate the employers in framing healthy labour policies which reduces the chances of industrial disputes in future.
© Advantages to Society
(1) In crises, they can put their view point before the public to gain there sympathy. If they are fighting for a good cause, they can gain sympathy of the general public.
(2) Trade unions can propose to the government to enact labour policies to protect and develop labour force of the country in a better way.
(3) Trade unions can play a very significant role in the development of industrial economy by maintaining good industrial relations. It will result in higher and better production at lower costs.