There is no surprise that the longevity of newborn children will be six to ten years more than their parents. The longer the age after the retirement of an employee, the more will be the period of payment of pension by the Employees Provident Fund organisation to thousands of retirees year after...
One big reason for IR skills being at the brink of extinction has been the complex labour regime and the implementing agencies. Due to absence of fixed principles of IR management, lot of IR knowledge and skills is confined to certain old hats in the organisation.
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.
Essentially, trade unions are not that much effective today, and so the old IR skills have been replaced by new skills, but rights and liabilities of the employer and employees remain intact.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.
