Employee satisfaction is an entirely different thing. There are very few agencies that will help you to protect your position where you feel that you have been unfairly treated. Honest Unions, if they still exist, can help you navigate the minefield at a minimum of cost, without involving tribunals etc... kind of like job insurance. How can that be a bad thing other than it protects employees? If the employer is being a sick, then surely they should be able to be held to account in some form or another.
Companies that have high turn over generally treat their employees like numbers, not workers. They generally don't give a rats in regards to the employee and to that end don't honour the rights of the employees. To a certain extent that's unavoidable in a large organisation, unless of course your manager is a people focussed manager. Few seem to be these days, I certainly haven't met many in the 20+ years I've been working. Essentially if people can get away with X, they will... and even though that goes both ways, a bad employee generally affects the bad employee only, a bad employer affects all of their employees. One has very little "protection" in the workplace... I believe Unions are the insurance policy for employees, tis hardly surprising why the cunts of the business world would like to get rid of them.
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