The human instrumentally that works in the industrial organization is growing increasingly attentions throughout the working workers has been lifted from that of the organization.
Workers are no longer to be treated as having commodity value only but is essential a partner in the organization who is entitled to dignity and fair treatment. It has been realized that industrial peace and harmony is of almost importance for the economic development and it not be possible till the worker does not have sense of attachment and commitment with the organization.
Indian industries also face different challenge due to new market economy. To survive in this highly competitive scenario, management is pressured to improve quality, cut down waste and eliminate inefficiency and this is only possible by the joint efforts of both employee and employer, and for this participative management is very useful.
Austin is one of the leading company which are producing different types of ball-bearings. This company is providing good facilities for the employees. They are providing various types of the promotion for the employees . Proper rewarded is given by company according to the performance of employees .
This company is arranging regular meeting and providing solution to the problem of employees . It is giving familier environment and job satisfaction and co-operate between employees .They are using participative style of taking decision it creates mutual understanding between employees .
2.INTRODUCTION
2. INTRODUCTION
2.1 INDUSTRY OVERVIEW
1. Current Status of the Company They make sure that other industries run smoothly but their own is going has not been too smooth. This is the fate of companies in the bearings industry faces demand slow down, steady capacity build-up, mounting import threat and rising input costs.
With such