BUSINESS ADMINISTRATION
PRINCIPLES AND PRACTICE OF MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Wages
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Salaries
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Benefits
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All the above
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Detailed explanation-1: -Majority of the disputes in industries are related to the problem of Wages, Salaries and Benefits.
Detailed explanation-2: -In most cases the disputes arises from the demands or proposals for improvement in wages, benefits, job security or terms or conditions of employment.
Detailed explanation-3: -Causes of industrial disputes can be broadly classified into two categories: economic and non-economic causes. The economic causes will include issues relating to compensation like wages, bonus, allowances, and conditions for work, working hours, leave and holidays without pay, unjust layoffs and retrenchments.
Detailed explanation-4: -The most striking cause of industrial disputes in India is the demand for higher wages and allowances by the workers. While the price level has been increasing constantly at a higher rate but the increase in the rate of wages could not keep pace with it.
Detailed explanation-5: -Demerits of bad industrial relations can be expressed as under: Effect on Workers: (i) Loss of wages, (ii) Physical injury or death on account of violence during labour unrest, (iii) Excesses by employers, (iv) Economic losses, (v) Bitterness in relations, (vi) Adverse affect on career.