IR Executive Question: Download Questions PDF
Explain me what are the benefits of having an industrial relations system in place?
Answer:
Following are the benefits of having an effective IR system in place:
☛ Continuous production
☛ Continuous employment for all
☛ Smooth flow of income for workers and businessman
☛ Lesser number of disputes between employees and employers like strikes, lock outs, grievances etc.
☛ Higher level of motivation in the employees as they consider themselves to be a part of the organization
☛ Less wastage of time, man, machine and material
☛ Lesser cost of production
☛ Optimum utilization of resources leading to higher profits for employers and employees
☛ Economic growth of the society
☛ Continuous production
☛ Continuous employment for all
☛ Smooth flow of income for workers and businessman
☛ Lesser number of disputes between employees and employers like strikes, lock outs, grievances etc.
☛ Higher level of motivation in the employees as they consider themselves to be a part of the organization
☛ Less wastage of time, man, machine and material
☛ Lesser cost of production
☛ Optimum utilization of resources leading to higher profits for employers and employees
☛ Economic growth of the society
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