Benefits of Good Industrial Relations in Industries

Manik Sinha

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Benefits of Good Industrial Relations in Industries

Impact and Benifits of good Industrial Relations in an industry."

Good industrial relation helps in effective utilization of man, money and material. Other benefits are improved employee morale, industrial peace, recognition of employee's interest and increased production with minimum wastage of resources.

When employees have a strong, healthy relationship with their employers, the entire company benefits. Studies show that employees who have mutually respectful relationships with their employers are more likely to be happy, loyal and productive in the long-run.

Causes of Poor Industrial Relation:

1. Nature of Work: It is the work only that gives birth to relationship between the employee and employer.

2. Dissatisfactory Compensation and Work Conditions: Employees work for compensation.

3. Dysfunctional Trade Union:

4. Non-conducive Organisational Climate.

When you make employee relations a primary focus of your HR strategy, you might be surprised to find that other aspects of your company culture improve as well. Here are four ways how employee relationship can be improved.

1. It creates a stronger bond between employees and managers.

2. It increases your employee productivity.

3. It increases your employee engagement.

4. It turns your employees into brand ambassadors.

The most important benefit of industrial relations is that it ensures uninterrupted production. Reduced industrial dispute, industrial unrest, strike, lock outs can be avoided through good industrial relation.It also ensures smooth functioning of the organization and consistency in production.

Significance of good industrial relation.

Uninterrupted production – The most important benefit of industrial relations is that this ensures continuity of production. This means, continuous employment for all from manager to bottom line manpower The resources are fully utilized, resulting in the high possible production. There is uninterrupted flow of income for all.

Principle of Good Industrial Relations:

The willingness and ability of the management and trade unions to deal with the problems freely, independently and with responsibility. Recognition of collective bargaining.Smooth functioning of related activities in consultation with the union leads to success of the industry.

Effects of poor industrial relations.

Organisations which ignore the importance of industrial relations face high cost of production. Adverse effect on efficiency, low-grade production, negligence in the execution of work, absenteeism among the workers, high rate of labour turn-over etc. are the evils that result from poor industrial relations

Cause of poor industrial relations.

Faulty command, non-recognition of trade unions, unfair practices, violation of collective agreements and standing orders and labour laws are the organisational causes of poor relations in industry.

Working Together concept is the best solution for good industrial relations in Industries.

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