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Labor laws
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Not long back it was believed that machines
would replace human in every activity. Fortunately nothing of this sort happened.
In fact work of human being has changed from mere Physical to more Knowledge
centric. This is more a feature of Knowledge based industry. Companies interested in retaining the
best talents need to benchmark with the best in the industry with respect to 1. Compensation This also ensures that the morale of the employees
is kept high. Human Beings are the only assets in the organization that grows
with time (skill and intellect). The law of land requires minimum work
standards are maintained across the industry but it is just ensures no one is
exploited. Any dispute arising in this respect is to be reconciled in the
manner stated by the law. As per the law any dispute pertaining to
Employee-Employer relationship Law of
Natural Justice should be adhered too. These are 1. That every person who’s Civil rights is
affected must have a reasonable notice of the case he has to meet. 2. He must have reasonable opportunity of
being heard in his defense 3. The hearing must be by an important
tribunal i.e. a person who is neither directly or indirectly part a party to
the case 4. The authority must act in good faith, not
arbitrarily but reasonably. Other than this the culture of the
company must be transparent in its working. It should give equal
opportunities to all its employees irrespective of caste, creed, sex etc. All
this means that you are no different from others in market and you stand at
Risk of loosing best of your talent to others. Add to this every time you
would have to depend on others for assistance whenever your company goes for
new initiatives or when someone important leaves the organisation. So it actually makes business sense to
invest in the development of the employees. This would motivate them to
contribute more than what their jobs demand of them. This was seen in the
case of Reliance refinery in |
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