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Re write this: Perhaps the most important aspect to an employee is continuing to be paid for their contributions to the firm. Employees all share
Re write this: Perhaps the most important aspect to an employee is continuing to be paid for their contributions to the firm. Employees all share the same common interest of wanting to be paid by their employer. Employees are expected to act in certain ways a perform certain duties while at work to continue being paid. Ultimately, they have a stake in the firm because if the employees continue to perform those duties, then they will continue to be paid, and in turn, the employer will continue to be able to pay their employees or provide any benefits. In many industries, employees might band together to gain additional negotiating leverage on the firm. This is called unionizing and would be an example of some of the types of behaviors that employees as a stakeholder group might do. There are other factors in this relationship as well such as government or society. Government can have an influence on the employer and employee relationship through the passing of labor laws such as a minimum wage or age requirements. Firms must pay their employees a minimum wage that is set by the state. When the government increases the minimum wage, that benefits the
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