Epistemology of labor law with a perspective on financial management in the private sector

Abstract

The purpose of this article is to establish the incidence of labor legislation worldwide in the financial management of private sector companies, addressing the origin of labor law and the applicability of laws in organizations, in order to respond to the challenges that private sector organizations present in finding a balance between complying with labor standards and protecting their financial integrity. For this, this research contemplates objectives such as: contextualizing the epistemology of labor legislation and the regulations established for the protection of workers, determining the elements that contribute to proper financial management in private sector organizations, and finally analyzing the incidence of labor standards in the development of corporate financial management. This work is investigative and relied on deductive, bibliographic, descriptive, synthetic and analytical methods for the collection, analysis and interpretation of the different scientific sources. With this, it was possible to establish as a result that there is a great debate on the incidence of laws in companies, where several authors argue that laws can cause irreparable damage to the continuity of an organization. It is concluded that labor legislation cannot by itself exert a situation of instability for companies; it also depends on the economic indicators, the adequate interpretation of the financial statements and the administration exercised by the managers for the approach of the limitations in the field, economic, financial, labor, legal and social.