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Question
Explain the expectations of employers and employees as stakeholders in a commercial organisation.
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Solution
The expectations of Owners/Shareholders from a business concern are:
- Safety of capital contributed by them.
- A fair and regular return (in the form of dividend or interest) on their capital.
- Capital appreciation in the value of their investment.
- Accurate; up-to-date and regular information about the working and financial health of the company.
- Return of loans in time in case of creditors.
- Equal participation in policy decisions of the company.
The expectations of Employees from a business concern are:
- Security of job and continuity of service under congenial conditions.
- A fair remuneration in the form of wages and salaries.
- Safe and comfortable working environment.
- Various welfare facilities such as housing, medical care, social security (in the form of pension, gratuity, provident fund, etc.), health, recreation, etc.
- Opportunities for education, self-development, promotion and career growth.
- Protection of trade union rights.
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