INTRODUCTION In this developing country which is predominantly agrarian‚ the role of the industrial sector cannot be underestimated. A potential and diversified industrial sector can ignite and accelerate economic growth. Over the years with the rapid industrialization of India‚ a massive organization sector employing a layer workforce has come to occupy an important and visible part of the countries economic life. The industrial progress of a country layely depends on the efficiency of employee
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LABOUR ECONOMICS Q2.Define “Labour Economics”. Explain the nature and scopeof Labour Economics. Explain the characteristics of Labour? Ans: -Labour Economics:- “Labour Economics may be defined as a study of theorganization‚ institutions and behavior of the labour market in anindustrising or industrial economy”. According to Dole Yoder:- “Labour economics or manpower economics is primarilyconcerned with efficient utilization and conservation of manpower and resources. It studies and seeks to understand
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Labour Supply Labour supply can be defined as the availability of suitable human resources in a particular labour market. The suitable human resource would be the one not only with the required skills for a particular job but also it must be willing and able to work at the existing wage rate. Labour market is similar to commodity market with the difference of labour (human resource) being demanded and supplied at a particular price (wage).Labour supply is frequently represented graphically by
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Division of labour Today Today‚ the world we live in‚ is progressing so rapidly. Be it‚ the increasing number of mega cities‚ the tremendous advances in medicine‚ the huge number of products that we depend on everyday‚ the wonders of internet‚ the satellites and the space ships‚ nothing has been the same with the never-ending human desire for better life. If we wonder how it was all possible? Well‚ the answer that Adam Smith gives is ’Division of Labour ’. Today‚ even simplest form of labour like‚
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10 CONTRACT LABOUR IN INDIA INTRODUCTION 10.1 The system of employing contract labour is prevalent in most industries in different occupations including skilled and semi skilled jobs. It is also prevalent in agricultural and allied operations and to some extent in the services sector. A workman is deemed to be employed as Contract Labour when he is hired in connection with the work of an establishment by or through a contractor. Contract workmen are indirect employees; persons who are hired‚ supervised
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To what extent was party policy the most important factor in the fluctuating fortunes of the Labour party 1900-45? The main aim for Labour at the start of the 20th century was to establish itself as a party that recognised and appealed to the working classes‚ as well as breaking down the two-party system in Britain with the addition of a new political force. The founding of the Labour Representation Committee can be attributed somewhat to Keir Hardie in the late 1800s‚ a movement that grew noticeably
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emotional labour? Defined by the author Bryman (2004) emotional labour is the state of affairs between employees as part of their working roles and the need to express feelings and emotions as part of their work. The types of emotions can be delivered in a desirable way or undesirable way‚ in other words positive or negative. Why is emotional labour so important? As stated in the article written by Bryman (2004) the importance of promoting emotional labour is because‚ emotional labour is progressively
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Flexible Labour Markets. - Benefits and Disadvantages Flexible labour markets involve a minimum of government intervention‚ they are labour markets which work efficiently and are competitive. Many supply side economists argue flexible labour markets are of great importance in reducing unemployment and improving the competitiveness of the economy. Advantages: 1. Opportunity to exploit 24-hour economy 2. Contributes to an improvement in the inflation-unemployment trade off 3. Flexible wages
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other country ( or city ) in an attempt to find at least a temporary or a better paying job. Actively taking place all over the world the process of internationalization of production is accompanied by the internationalization of the labor force. Labour migration has become part of international economic relations. Migration flows rushing from one region and country to another . Giving rise to some problems ‚ labor migration provides clear benefits to countries hosting the workforce and delivering
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Chapter 16: Labour Relations Labour union: an officially recognized association of employees practicing a similar trade or employed in the same company or industry who have joined together to present a united front and collective voice in dealing with management. -the purpose of unionization are to influence HR policies and practices that affect bargaining unit members such as pay and benefits. Labour- management relations: the ongoing interactions between labour unions and management in organizations
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