Mindset of many organisations that HR professionals have no need for knowledge of Industrial Relations in today's world is a fallacy that has had a cascading effect. Rather in today's tech world model this relationship is going to be more complex having fully loaded with knowledge and information.
ARTICLES
Essentially, trade unions are not that much effective today, and so the old IR skills have been replaced by new skills, but rights and liabilities of the employer and employees remain intact.
Some of the industries and corporate leaders have underestimated the relevance of IR under the myth that IR is not relevant for the new age industries and white-collar employees. This myth needs to be busted.
It should be priority of the organisations to develop people management skills in line/HR managers to avoid any unpleasant scenario and resolve the matters at early stage.
The days of assurances, good intent and fashionable and symbolic demonstration of gestures are over. The new challenge is "How much you care for me."
Though the concept of lifetime employment as unionized workman is reducing, new age employee relations have become more complex as the workplaces have become boundaryless with the emergence of gig workforce and service sector.
The collarless workforce has now substantial employment and autonomy but insecurity and no guarantees for the future dog their employment. This kaleidoscope colour of the collars is one of the transforming relationship dimensions and managing them well is a key to the sector's success in the market...
Pensionable salary means the average of the last 60 months' salary. The Supreme Court had upheld the modification from 12-month average to 60 months average salary. However, the actual formula for calculating the pension with higher contribution is yet to be released by EPFO.
Employee Pension has been under legal turbulences for the last more than 6 years and is a legal battle. The judiciary is bringing this battle to an amicable solution. This position is as prevailing now. Ambiguity, confusions and inability of EPFO to make it simple and transparent has further...
Leaders should also communicate their reasons for taking the actions in question and provide evidence to support their decisions. By doing so, they can help to build trust and transparency with their team and stakeholders.
