The correct answer is: B. Decision making.
Workers’ participation is the involvement of employees in the decision-making process of their organization. It can take many forms, such as through works councils, joint consultation committees, or employee representation on boards of directors.
There are many reasons why workers’ participation is important. It can help to improve communication and cooperation between management and employees, leading to better decision-making and increased productivity. It can also help to reduce conflict and improve morale.
There are a number of ways to implement workers’ participation. One common approach is to establish a works council, which is a representative body of employees that meets with management to discuss issues such as working conditions, pay, and benefits. Another approach is to establish a joint consultation committee, which is a forum for management and employees to discuss issues of mutual interest. Finally, some companies have elected employee representatives to serve on their boards of directors.
Workers’ participation can be a complex and challenging process, but it can also be very rewarding. When done effectively, it can lead to a more democratic and productive workplace.
Here is a brief explanation of each option:
- A. Annual general meeting: This is a meeting of shareholders of a company, held once a year. Shareholders vote on the company’s board of directors and other matters. Employees are not shareholders and do not have the right to vote at annual general meetings.
- B. Decision making: Workers’ participation implies their right to take part in decision-making. This can include decisions about working conditions, pay, benefits, and other matters.
- C. Share holding: Workers do not have the right to own shares in the company they work for. This is because they are not shareholders.
- D. Profit sharing: Workers may be entitled to share in the profits of the company they work for. This is usually done through a profit-sharing scheme, which is a system that distributes a portion of the company’s profits to employees.