Accounting can improve labor-management negotiations

Conventional thought holds there cannot and should not be a sharing of key accounting information with labor. This school, with considerable justification, views the negotiations process as adversarial. Others believe the sharing of accounting information will improve labor-management cooperation, c...

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Bibliographic Details
Published in:Strategic finance (Montvale, N.J.) N.J.), 1995-06, Vol.76 (12), p.46
Main Authors: Brown, Richard E, Trumble, Robert R
Format: Magazinearticle
Language:English
Subjects:
Accounting
Conferences
Cooperation
Costs
Employee benefits
Employees
Experiments
Financial management
Labor negotiations
Labor relations
Management accounting
Management reports
Negotiations
Polls & surveys
Questionnaires
Studies
Workshops
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Summary:Conventional thought holds there cannot and should not be a sharing of key accounting information with labor. This school, with considerable justification, views the negotiations process as adversarial. Others believe the sharing of accounting information will improve labor-management cooperation, create an atmosphere of more realistic bargaining, and enhance corporate profitability. Researchers at the Northeast Ohio Center for Labor-Management Cooperation conducted a 5-year study to test the belief that accounting data can be used to bring about speedier, more harmonious, and lower-cost labor management negotiations, leading to a more productive and profitable work environment. The results suggest that the accounting profession, in conjunction with labor-management experts, should turn its attention to the specific kinds of financial reports that should be prepared and the specific kinds of data the reports should contain.
ISSN:1524-833X