Why Industrial Relation is necessary?
Importance of Industrial Relations:
The healthy industrial relations are key to the progress and success. Their significance may be discussed as under –
Uninterrupted production – The foremost important advantage of industrial relations is that this ensures continuity of production. This means, continuous employment for all from manager to workers. The resources are fully utilized, leading to the utmost possible production. There is uninterrupted flow of income for all. Smooth running of an industry is of important importance for several other industries; to other industries if the products are intermediaries or inputs; to exporters if these are export goods; to consumers and workers, if these are goods of mass consumption.
Reduction in Industrial Disputes – Good industrial relations reduce the economic disputes. Disputes are reflections of the failure of basic human urges or motivations to secure adequate satisfaction or expression which are fully cured by good industrial relations. Strikes, lockouts, go-slow tactics, hero and grievances are a number of the reflections of commercial unrest which don't originate in an environment of commercial peace. It helps promoting co-operation and increasing production.
High morale – Good industrial relations improve the morale of the workers . Employees work with great zeal with the sensation in mind that the interest of employer and employees is one and therefore the same, i.e. to increase production. Every worker feels that he's a co-owner of the gains of industry. The employer in his turn must realize that the gains of industry aren't for him along but they ought to be shared equally and generously together with his workers. In other words, complete unity of thought and action is that the main achievement of commercial peace. It increases the place of workers within the society and their ego is satisfied. It naturally affects production because mighty co-operative efforts alone can produce great results.
Mental Revolution – The most object of commercial relation may be a complete mental revolution of workers and employees. The industrial peace lies ultimately during a transformed outlook on the part of both. It is the business of leadership within the ranks of workers, employees and Government to figure out a replacement relationship in consonance with a spirit of true democracy. Both should think themselves as partners of the industry and therefore the role of workers in such a partnership should be recognized. On the opposite hand, workers must recognize employer’s authority. It will naturally have impact on production because they recognize the interest of every other.
Reduced Wastage – Good industrial relations are maintained on the idea of cooperation and recognition of every other. It will help increase production. Wastage of man, material and machines are reduced to the minimum and thus national interest is protected.
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