BUSINESS ADMINISTRATION
INDUSTRIAL RELATION
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Organization Development
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Talent & Performance
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Industrial Relation
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People Development
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Detailed explanation-1: -It helps to minimise wastage of material, manpower, and costs. Economic Growth And Development: Good and harmonious industrial relations result in increased efficiency and hence prosperity, which in turn minimise turnover and other tangible benefits to the organisation. This promotes economic growth and development.
Detailed explanation-2: -What is Industrial Harmony ? Industrial harmony it is a situation where the employees and management co-operate willingly work together for achieving the company vision and mission. Industrial harmony creates a high level of job and employee satisfaction in an organization.
Detailed explanation-3: -HR department has major interest in harmonious industrial relations as industrial relations is concerned with the employer and the employee with their respective organization, at work or arising out of the working situation.