This sample of firms disclosed most about their employee relations by featuring employees, thanking employees for
their contribution, and reporting about the good relations with their workers’ unions. Featuring employee contributions
to enhanced employee relations was the most disclosed human capital item in the annual reports. Several respondents
(Diversified Ltd., Manufacturing Ltd., and Toba Ltd.) reported that their firms awarded medals for outstanding employee
contributions, publicised employee contribution in in-house newsletters, and funded employee vacations (by paying
for transport and hotel accommodation) as a way of showing that they appreciated outstanding employee contribution.
In the case study based interview, three underlying motivations emerged for a firm to disclose employee contribution.
First, respondents unanimously indicated that their firms were restructuring their activities, and one such measure
was reducing staff numbers to increase profitability. Respondents noted that reducing employee numbers involved
negotiating with the employee unions, which often opposed it. Firms were conscious that a tension had arisen due to
job insecurity and that they needed strategies to motivate employees, in order to increase their capital accumulation. As
a strategy firms proactively disclosed in their annual reports the good relations they maintained with their employees.
This sample of firms disclosed most about their employee relations by featuring employees, thanking employees for
their contribution, and reporting about the good relations with their workers’ unions. Featuring employee contributions
to enhanced employee relations was the most disclosed human capital item in the annual reports. Several respondents
(Diversified Ltd., Manufacturing Ltd., and Toba Ltd.) reported that their firms awarded medals for outstanding employee
contributions, publicised employee contribution in in-house newsletters, and funded employee vacations (by paying
for transport and hotel accommodation) as a way of showing that they appreciated outstanding employee contribution.
In the case study based interview, three underlying motivations emerged for a firm to disclose employee contribution.
First, respondents unanimously indicated that their firms were restructuring their activities, and one such measure
was reducing staff numbers to increase profitability. Respondents noted that reducing employee numbers involved
negotiating with the employee unions, which often opposed it. Firms were conscious that a tension had arisen due to
job insecurity and that they needed strategies to motivate employees, in order to increase their capital accumulation. As
a strategy firms proactively disclosed in their annual reports the good relations they maintained with their employees.
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