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Industrial Relations & Labour Laws
April 2024 Examination
Q1. Labor legislation in India cover varied heads. What are the heads under which labor legislation be categorized?
Ans 1.
Introduction
Labor legislation in India, an intricate and vital component of the industrial framework, plays a crucial role in shaping the dynamics between employers, employees, and the government. These laws, evolving over time, address the diverse and complex challenges faced in the industrial sector, especially concerning the rights, welfare, and responsibilities of the workforce. The significance of labor legislation lies in its ability to balance the power dynamics in industries, ensuring fair treatment, safety, and equitable growth opportunities for workers while enabling
Q2. Organization should be guided by a specific principle in wage administration. Discuss “human capital theory” from the contemporary perspective.
Ans 2.
Introduction
Wage administration, an integral aspect of organizational management, necessitates a judicious blend of economic prudence and ethical consideration. The modern landscape of industrial relations and labor laws is increasingly influenced by the human capital theory, a concept that emphasizes the value of human skills and knowledge in economic productivity. This theory, rooted in classical economic thought, has evolved significantly in contemporary times, adapting to the nuances of a dynamic global economy and the changing nature of work. It posits that investment in human capital – through education, training, and health – directly correlates to increased productivity and economic growth. This introduction aims to
Q3. You have been appointed as management representative in a collective bargaining session with the representatives of trade union of your company.
a) Discuss the steps involved in collective bargaining. (5 Marks)
Ans 3a.
Introduction
Collective bargaining, a cornerstone of industrial relations, represents the negotiation process between employers and a group of employees aimed at agreements to regulate working salaries, working conditions, and other aspects of workers’ compensation and rights. The significance of collective bargaining lies in its ability to balance the power dynamics between large organizations and individual workers by providing a platform for dialogue and
b) Discuss key factors in the success of collective bargaining. (5 Marks)
Ans 3b.
Introduction
Collective bargaining, a pivotal process in industrial relations, plays a crucial role in shaping the dynamics between employers and employees. The success of collective bargaining hinges on various factors that facilitate effective negotiation and mutual understanding. It’s not merely about reaching an agreement, but about crafting a solution that respects the interests and needs of both parties. Understanding these key factors is essential for anyone involved in
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