Impact of Industrial Relations on Efficient Labor Management

• Published in: Journal of Development Economics and Management Research Studies Vol. 11; no. 22; pp. 14 - 21
• Main Author: Dr.R.Velanganni
• Format: Journal Article
• Language: English
• Published: 2024
• ISSN: 2582-5119; 2582-5119
• DOI: 10.53422/JDMS.2024.112202

This study looks into how industrial relations affect effective labour management in India. The relationship that exists within an organisation between employers and employees is referred to as industrial relations. It includes a wide range of subjects, such as how to resolve conflicts and workplace regulations. The effective management of labour is essential to both the smooth operation of organisations and the overall economic prosperity of a country. The Unitarist Theory served as the investigation's cornerstone. Studying how industrial relations affect effective labour management in India is pertinent given the unitarist theory's emphasis on cooperation and teamwork between management and employees. In this country, where labour-management interactions are often characterised by mistrust and conflict, a unitarist approach can help improve communication and collaboration between the two groups. By recognising the goals and interests that management and employees have in common, organisations can improve labour-management practices and create a happier work environment. The study finds that labour-management effectiveness in India benefits from industrial relations. Industrial relations is the term used to describe the interactions that take place in the workplace between companies, employees, and the government. The paper states that in order to make sure India's labour laws are just, comprehensive, and in line with international standards, they need to be updated and reviewed. This includes provisions pertaining to minimum wage, hours worked, health and safety at work, and protections against wrongful termination. Industrial relations are crucial to managing labour in India successfully. They provide a structured framework for settling disputes at work, promoting cooperation between employers and employees, and safeguarding workers' rights. Cooperation and trust among stakeholders are fostered by industrial relations, and this leads to increased output, job satisfaction, and general economic growth.