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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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