Question

Explain the expectations of employers and employees as stakeholders in a commercial organisation.

Answer 1

The expectations of Owners/Shareholders from a business concern are:

1. Safety of their contributed capital
2. A fair and consistent return (in the form of dividends or interest) on their money.
3. An increase in the value of their investment.
4. Provide accurate and timely information about the company's operations and financial health.
5. Timely repayment of loans in the case of creditors.
6. Equal involvement in company policy choices.

The expectations of Employees from a business concern are:

1. Job security and continuity of service in favourable conditions.
2. Appropriate compensation in the form of earnings and salary.
3. A safe and comfortable work environment. 
4. Welfare facilities include housing, medical care, social security (e.g. pension, gratuity, provident fund), health, and recreation.
5. Opportunities for education, self-development, promotion, and career advancement.
6. Protecting trade union rights.