Workers’ participation is a system where worker and management share important information with each other and participate in decision taking. It is viewed as industrial democracy based on the principles of equity, equality and voluntarism. It gives right to the worker representatives to criticise and offer constructive suggestions for better management. The word 'participation' means sharing the decision-making power with [...]
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Collective Bargaining is a bipartite democratic decision-making process and a form of industrial government and management. Though originally it emerged as a method of trade unionism in industries to determine wages and other terms and conditions of labour, today it includes within its scope the non-industrial sector, including government, and covers a wide range of subjects. Development of Collective Bargaining [...]
Everything you need to know about labour welfare. Labour welfare means “such services, facilities and amenities which may be established in, or in the vicinity of, an undertaking to enable the persons employed in them to perform their work in healthy, congenial surroundings and provided with amenities conducive to good health and high morale”. Labour Welfare is not confined within [...]
Wages, in the widest sense mean, any economic compensation paid by the employer under some contract to his workers for the services rendered by them. Wages, therefore, include family allowance, relief pay, financial support and other benefits. But, in the narrower sense wages are the price paid for the services of labour in the process of production and include only [...]
Some of the reasons for industrial sickness in India are as follows:
What is the Importance of Large Scale Industries? Every country needs exploring of coal, iron and steel, exploring of oil and its purification, heavy machineries, heavy electrical equipments, heavy chemicals, ships and aero planes, industries of heavy and basic industries for its development.
What are the important types of Industries found in India? Iron and steel, jute and cotton industries were established with the help of modern technique of production before independence.
Cottage industry or home industry means the manufacturing of goods at home by hands, with small capital and on a small scale by the members of a family. Cottage industries are part time or supplementary occupations.
Before the establishment and expansion of factories, there was cottage industry in India. Cottage industry is also known as home industry. It means the manufacturing of goods at home by hands. For this purpose, very small capital is needed.
The progress of a country's is to a great extent is measured by its industrial development. To be a strong power in the world, a country needs to be industrially advanced too.