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Chapter: Business Science - Industrial Relations and Labour Welfare - Industrial Relation

Industrial relations problems in the public sector

Public Enterprise: Company whose shares are available and traded on the stock market or other over-the-counter market. Subject to more regulation than a privately owned company, a public enterprise has greater access to financing. Shareholders own a percentage of the company based on the amount of stock they own.

Industrial relations problems in the public sector

 

Public Enterprise

 

Company whose shares are available and traded on the stock market or other over-the-counter market. Subject to more regulation than a privately owned company, a public enterprise has greater access to financing. Shareholders own a percentage of the company based on the amount of stock they own.

 

Wage differentials

 

It is an area where comparison between the public and private sectors is becoming common.The policy of settlement of wage structure,equal pay for equal work,wage differentials due to levels of responsibilities etc are all the issues that concern the labour in public enterprises.

 

Industrial relations

 

―Industrial Relations is a developing and dynamic concept and such no more limits itself merely to the complex relations between the unions and management but also refers to the general web of relationships normally obtaining between employees – a web much more complex than the single concept of labour capital conflict‖.

 

Surplus labour

 

This problem is the outcome of indiscriminate recruitment on account of political pressures,reduction of activities,structural changes and improvement in technology.

 

Over centralization

 

Management decisions taken at local shop level are turned down by the higher authorities.This type of over centralization the local management lose the prestige and confidence.

 

Multipricing of unions

 

The existence of multiple union has brought the evils of inter union rivalaries.

 

Political and bureaucratic influence

 

Public enterprises are highly prone to be influenced by political and bureaucratic set up.Generally political people influenced decision making process


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