Working Conditions – Managerial and Economic Factor in Enterprises

Authors:

Pages: 113-121
DOI: https://doi.org/10.54664/GIVK5889

Abstract:

Working conditions affect the business and competitiveness of any business. Poor working conditions lead to additional costs for businesses and a bad image among workers, clients and the general public, who are becoming more sensitive to health and safety issues that are part of the overall working conditions. Working conditions also affect the physical, moral and social well-being, productivity, as well as the quality of company products and services. The human factor plays the biggest role in the successful development of an organization in the face of increasing competition. The high degree of process automation and the rapid implementation of new technologies into the modern economy make people one of the main sources of competitive advantage. Managers’ attention is focused on the knowledge and skills of employees, on attracting and retaining talents, and on their commitment to the organizational goals. In order to becom petitive in the market, modern organizations need to take strategic action regarding the management of their employees. An example of strategic action is the “proactive approach” where employers themselves are expected to take steps to ensure a satisfactory level of safety and health with minimum government intervention. In other words, both employers and business managers focus on continuous improvements in well-being, developing a safety culture and combining various tools such as legislation, progressive measures and best practices, corporate social responsibility, and economic incentives.

Keywords:

competition; humanfactor; improvement of working environment

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