Employment Relations in China

Introduction Since the death of Mao Zedong in 1976, Deng Xiaoping has remarkably changed the outlook of mainland Chinas economy. China has gone from a centrally plotted economy to a socialist market economy, which is still influenced by the Marxist perspective, by pursuing a third representation between a command economy and the capitalist alternative. A socialist market economy is characterised by the operation of a market mechanism within the context of economic authorisation by public ownership and the political dominance by the Communist Party. In the sections below we shall discuss the characteristics of employment traffic in China and compare its differences to that of Singapore. Three Old Irons onwards the beginnings of the transition from a centrally planned economy, the organization of trey old irons; the iron rice bowl (guaranteed life history employment), the iron chair (selection based on political orientation, absence seizure of punishment for poor business performance), and iron wages (a recount administered, inflexible wage structure and low wage policy). With this system employees were assigned to state-owned enterprises and received guaranteed lifetime employment. However, all was not healthful with this system as problems such as overstaffing, lack of need and inefficient use of labour were rampant.

Transition The transition of Chinas economy occurred in 1978, and Deng Xiaoping made many reforms to the system, known as the breaking of the three irons. Three youthful systems were naturalized including the establishment of a labour contract system, a be adrift wage system, and a manager engagement system (e.g alter economic decision-making powers so that managers had increased authority and responsibility). In this new system, the two most important aspects of Chinas industrial relations are the Workers Congress and the Trade union. Workers Congress In redbrick China, the communist ideology dictates that the workers are the most important in... If you destiny to get a full essay, order it on our website: Orderessay

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