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Wage Policy

Everything you need to know about wage policy. The term “Wage Policy” refers to legislation of government action undertaken to regulate the level or structure of wages or both for the purpose of achieving specific objectives of social and economic policy. The social and economic aspects of wage policy are normally inter-related measure inspired by […]

Objectives of Trade Union

Everything you need to know about the objectives of trade union. A trade union is a formal form of association of workers that promotes the harmonious relationship between employer and employees. As per Sydney and Beatrice Webb’s “a trade union is a continuous association of wage earners for the purpose of maintaining and improving the […]

Workers’ Participation in Management

Everything you need to know about workers’ participation in management. Workers participation in management indicates involvement of workers in managerial decision making process of the organization. Workers participate in decision making through their group representative. The nature and extent of workers participation in management depends upon the nature of the organization, nature of different problems […]

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