BUSINESS ADMINISTRATION
INDUSTRIAL RELATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Appeal under unfair dismissal of executive, any industrial matters
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Negotiation for payment for retrenchment benefits for executive
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Negotiation for promotion matters for executives
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Appeal for termination due to redundancy
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Detailed explanation-1: -As per the Industrial Disputes Act of 1947, employees who get laid off due to any reason apart from a disciplinary action are eligible to receive compensation from the employer. This is referred to as the retrenchment compensation.
Detailed explanation-2: -Procedure for calculation of retrenchment compensation While effecting retrenchment of the workmen, it is obligatory on the part of the employer to pay retrenchment compensation at the rate of 15 days wages (for every completed yaer) to be calculated at the last drawn salary of an employee.
Detailed explanation-3: -A collective bargaining agreement (CBA) is a written legal contract between an employer and a union representing the employees. The CBA is the result of an extensive negotiation process between the parties regarding topics such as wages, hours, and terms and conditions of employment.
Detailed explanation-4: -Answer: Collective bargaining is a voluntary process used to determine terms and conditions of work and regulate relations between employers, workers and their organizations, leading to the conclusion of a collective agreement.