Question

Outline what industrial relations are and how they can assist organisations in maintaining a skilled workforce. You might need to conduct your own research to answer this question. (100–150 words)

Answer 1

Industrial Relations or IR is the relationship between the management and workmen. It deals with relations between management and employees, among employees and individual relationships between supervisor and employee. IR also include externalities like the government and associations that interfere with affairs of such relations

IR deals with:

• Regulatory body,
• Disputes settling
• Collective Bargaining,
• Role of management, unions and government.
• Labour Legislation,
• Grievance Redressal
• Policies and practice.

Why it is important for skilled workforce:

Skilled workforce has greater demands and the cost of their attrition is high making it essential to retain them. They are more concerned with workplace condition, policies and culture.

IR deals with study of workplace technology, socio-economic conditions and environment conductive to the labour. It helps in offering and maintaining new skills to employees. It helps to align interests of employees with that of organizations. This boosts the morale of employees and in turn in retention of skilled workforce. Hence is IR is critical for skilled workforce maintenance