On an otherwise symmetric oligopoly market with stochastic demands for heterogeneous products firms can either hire an employee or partner or buy the required labor input on the labor market. Whereas the wage of hired labor does not depend in the realization of stochastic demand, the price of...

The psychological contract is the construct through which one attempts to explain the quality of the employment relationship from the point of view of each of the contract party with regards to obligations and inducements and can be employed to explain organizational change dynamics. Failing to...

For many years, the majority of workers in the industrialised West have shared a similar employment life‐course – one based on full‐time permanent work. However, over the last decade the number of such opportunities have started to decline and many more workers are participating in...

Under the European Union’s 1977 Acquired Rights Directive, workers transferred to another employer can expect the majority of their original terms and conditions of employment to be protected and changes made without consultation can constitute constructive unfair dismissal. Confusion over the...

Explains why executive severance contracts contingent on a change in control (i.e. golden parachutes) have developed and reviews previous relevant research. Develops a mathematical model of their effects on shareholder wealth and uses it to determine an optimal contract which aligns the...

The Government White Paper, Fairness at Work , offers the opportunity for a statutory procedure for the introduction of collective bargaining when a majority of trade union members within a workplace require it. Within this proposal assumptions are made concerning the nature of individual...

Views management of the employment relationship from the perspective of the individual rather than that of the organization. Presents ideas on action available to individuals who want to thrive in organizations which have become less “people friendly” owing to increasing competition and...