Profits in a company are
something which every company management aims to achieve. This success however
not just depends upon the output but on a couple of factors which are all in a
way responsible for achieving the bigger goal of getting profits for the
company. The biggest resource that a company can be proud of is the human
resource of the company and the company has to make efforts to keep this
resource with them for a long period of time. The Company’s management in
consultation with their Human resource department has to formulate policies
that will be suitable for the employees. Hence Industrial relations strategies need
to be formulated with the aim to maintain harmony in the company. The
strategies need to be such which should keep the comfort level and happiness of
the employee in mind and at the same time should be maintaining professionalism
in the company. Further, the Industrial relations strategies should be such
that they act as catalysts in avoiding strikes, drop in productivity and above
all avoid attrition which should be their top priority. Also, at times there is
a requirement of taking strict actions regarding maintaining discipline in the
company, the company policies should be tweaked at such times for the benefit
of the company.
In a company mutual trust between
the management and the employees is the key to its success. It is vital to
understand that every relationship is symbiotic and similarly this employee management
relationship proves very critical in industrial relations strategies. If the
employee is happy he will definitely give his more than 100% towards the
organization. To further enforce the management employee relation, companies
should undertake trainings for their employees so that it builds up their
confidence and they feel more a part of the company. Also it’s a morale booster
for the employees as they feel freshness in their mundane routine. Further, the
heads of departments need to be given some behavioral training, language refine
ness classes , basically training on how to politely deal with employees so
that they are not rude and a cohesive atmosphere is maintained in the company.
Well, off late a step to further
enhance good relations between the employee and employer the concept of
collective bargaining has come in. The employee organizations and employer sit
across the table and formulate combined terms and conditions of working and
work on the facilities that will be given to the employee. It basically makes
things crystal clear between both the parties and gives a chance to the
employee to put across their points during the drafting of the rules.
Employee participation is one of
the most effective and peaceful ways towards implementing industrial relations strategies. To
accentuate employee participation, collective bargaining is the best means
where they can settle their issues with the management where the management
also gives a sound hearing to their points. This gives the management also an
overview to the employee issues and they always stand guard on these points in
future as well. This is the most democratic way where both the employee and
employer have a say and have best coexistence.
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