Final answer:
In today's competitive employment environment, employers may take a philosophy-laden approach. Bargaining power can be influenced by deregulation and foreign competition, affecting both labor and management.
Step-by-step explanation:
In today's competitive employment environment, employers may take a philosophy-laden approach to attract and retain top talent. By adopting values and principles that align with the needs and aspirations of employees, employers can create a positive work environment and foster employee satisfaction and loyalty.
Bargaining power can be influenced by deregulation and foreign competition.
Both labor and management can be affected by these changes, as deregulation and foreign competition can impact the overall labor market dynamics and employment opportunities.