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importance of industrial organization

For example, it protects workers against unethical practices on the part of management to exploit workers by putting them under inhuman working conditions and niggardly wages. Peace in industry is a powerful factor for good international relations. The first Industrial Revolution happened in the eighteenth century with the mass introduction of steam engines into industry, the second was the rise of science and mass production in the nineteenth century, and the third was the rise of digital technology in the late twentieth century. This area within industrial and organizational psychology takes a close look at employees and their relationship to a given work environment. The importance of good industrial relations can be judged from the following points: (f) Controls industrial disputes and maintains industrial peace. The objectives of maintenance of industrial peace is not only to find out ways and means to solve conflicts or to settle differences but also to secure the unreserved co-operation of and goodwill among different groups in industry with a view to drive their energies and interest towards economically viable, commercially feasible, financially profitable and socially desirable channels. Housekeeping and cleanliness at the workplace are closely linked to the industrial safety. Importance of Organizational Psychology in Human Resource Management. Privacy Policy 8. Optimum Utilization of Resources 4. With the active involved preparation,the student learns about the industrial demands, skill set and work ethics. Effective Utilization of Resources 6. Before publishing your articles on this site, please read the following pages: 1. Content Guidelines 2. It helps promoting cooperation and increasing production. Encyclopedia Britannica defined IR more elaborately as “The concept of industrial relation has been extended to denote the relations of the State with employers, workers and other organizations. Dale Yoder views industrial relations, ‘as a whole field of relationship that exists because of the necessary collaboration of men and women in the employment process of an industry’. Interacting between management and workers and between worker and worker are regular features in industry and these constitute industrial relations. The most important benefit of industrial relations is that this ensures continuity of production. Rao, Sundaram Fasteners (A TVS group company which begged the prestigious GM award for the fourth successive year in 1999 as a quality supplier of radiator caps) is well known for zero breakdowns, zero accidents and zero defects. Privacy Policy 9. The investment in and the scope of industries in India have been growing plan after plan. There has been a phenomenal growth in employment, wages, benefits, working conditions, status of the worker, educational facilities etc. Industrial organizational psychology is the scientific study of the work place. 4 Importance of Industrial Relations: The following industrial relations 4 importance below are; Increased Productivity: With amicable industrial relations both the workers and managers continue to work on their respective position and contribute towards the overall productivity of the firm. Thus, IR paves way for smooth relation between the traditional warring groups. These mechanisms enable the workers to give their best to the organization. Disputes are reflections of the failure of basic human urges or motivations to secure adequate satisfaction or expression which are fully cured by good industrial relations. To help in the economic progress of a country. Collective bargaining is the effective mechanism of shaping the pattern of industrial relations. These all bring job satisfaction to the workers and they all put positive effective on the production. The most important benefit of industrial relations is that this ensures continuity of production. Much of the success or failure of Indian Five Year Plans would be dependent on the maintenance of harmonious employee-employer relations. The industrial peace lies ultimately in a transformed outlook on the part of both. Content Guidelines 2. Organizing is an important means of creating coordination and communication among the various departments of the organization. 4. Nurturing Industrial Peace – Both employer and employees sit across the table and thrash out issues of difference. The production of engine cylinders has gone up from 29, 390 (in 1995-96) to 32, 501 (in 1996-97).This increase has been possible because of peaceful industrial relations. Thus we can say that industrial relations have far-reaching impact on the production. Applications of Industrial-organizational Psychology Research With few exceptions, industrial organization had little effect on the busi-ness policy concept of strategy, and business policy Importance of Industries in Development | Essay on Industrialization Importance of Industries in Development – Industrial sector is of great Importance of Industries in Development of a country.It is a proven fact that a country with strong industrial sector have shown more economic growth, had improved national income and promoted living standard of people. New and new projects may be introduced for the welfare of the workers and to promote the morale of the people at work. All the world over, the Government of different countries – wedded to the policy of doing wel­fare to the people of the country – are passing labour legislations with provisions for sufficient scope of ushering in industrial peace through vari­ous reconciliatory devices. It is mainly the joint consultations, that pave the way for industrial democracy and cement relationship between workers and management. Improved employee morale, industrial peace, recognition of employee’s interest and reconciliation of employer’s and employee objectives and interest increased production with minimum wastage of resources. So, the importance of industrial relations in industry is self-evident and does not need any elucidation. On the other hand, workers must recognise employer’s authority. The motivated workers give their best and maximum to the organisation, on the one hand, and share their share of the fruits of organisational progress jointly with management, on the other. To mention, good IR help: The importance of IR can be understood from the following justification: 1. Under the mechanism of IR, both employees and managers discuss the matter and consult each other before initiating any actions. Industrial relations is the relation between manage­ment and employees. This benefits the both. Industrial unrests and conflicts foment class-hatred, embitter mutual relations, and put a hurdle in the development of the society and the nation. Some important definitions of IR are presented below: According to Dale Yoder, “IR is a designation of a whole field of relationship that exists because of the necessary collaboration of men and women in the employment processes of Industry”. IR can now safely be defined as a coin having two faces- cooperation and conflict. An economy organised for planned production and distribution, aiming at the realisation of social justice and welfare of the masses can function effectively only in an atmosphere of industrial peace. Expansion and Growth. But the maintenance of congenial industrial relations, particularly in a democratic society like ours is not only a significant task but also a complicated one. Thus good industrial relation plays a vital role in establishing industrial peace, industrial discipline and industrial democracy. The Importance of Organizations to Human Services. Established businesses may contract with psychologists to remedy a specific problem, such as high turnover, or to help their employees navigate a major transiti… I would like to apply in my workplace everything I learned about theories and concepts. Economists and other academics who study industrial organization seek to … The most important benefit of industrial relations is that it ensures uninterrupted production. This means, continuous employment for all from manager to workers. Prohibited Content 3. Good IR helps to run an industry effectively and successfully. Frederick W. Taylor: Taylor was a mechanical engineer who published an influential book on improving industrial efficiency. While its most often referred to as industrial-organizational psychology, other names for this field include IO Psychology, Work Psychology, Business Psychology, and Occupational Psychology. The recognition of the human factor in production as the supreme one puts a premium on the importance of industrial relations. This leads to increase in production in the organisation. It also aims at the development of a sense of mutual confidence, dependence and respect and at the same time encouraging them to come to closer to each other for removing misunderstandings, redressing grievances, if any, in a peaceful atmosphere and with open mind and fostering industrial pursuits for mutual benefits and social progress. The work of an industrial-organizational psychologist could improve worker morale, boost efficiency, decrease absenteeism or lower the turnover rate. iii. ; Hugo Münsterberg: Munsterberg was an applied psychologist who wrote an early text on how psychology could be used for industrial, occupational, and organizational purposes.His work had an important impact on the early development of the field. Good industrial relation helps in reducing the industrial disputes. The problem of an increase in productivity is essentially the problem of maintaining good industrial relations. It results in industrial peace which is essential for the countries, particularly for India, where the economy is being geared in a planned way to ameliorate the lot of the masses. Image Guidelines 5. Industrial attachment or internship is an essential part of a student’s academic programme. With the attainment of independence and with the launching of planning era, serious and earnest efforts have been made towards rapid economic development of India. As a result, doubts and suspicions are clarified to the full understanding of each other. These dynamics require more different IR strategy than the conventional one. In short, the term, ‘industrial relations’ means the relations between employees and management arising out of day to day work in industry. To ensure industrial peace and avoid laobur unrest like strikes, gheraos, demonstrations, slogan shouting, work stoppages etc. ii. In the opinion of V. B. Singh, “Industrial relations are an integral aspect of social relations arising out of employer-employee interaction in modern industries which are regulated by State in varying degrees, in conjunction with organized social forces and influenced by the existing institutions. 6. Role of organizational psychology in HR management Industrial organization adds real-world complications to the perfectly competitive model, complications such as transaction costs, limited information, and barriers to entry of new firms that may be associated with imperfect competition. For example, new businesses may use industrial psychologists to help them devise strategies to identify which employee characteristics are needed to fill a particular job. Benefits of Specialization 2. It does not require much prudence to realise that in industry the human factor is most important; everywhere in production, man is needed, no matter how sophisticated machinery have been installed. When the entire world is striving for material well-being and when the nations of the world are moving in a planned way for industrial development; industrial relations are naturally drawing more and more attention. The resources are fully utilised, resulting in the maximum possible production. vii. Increased Production 2. Effective Communication is important for the development of an organization. It is also viewed that one of the essential steps for building up an economically free and self-sustaining India is, large- scale industrialisation at a rapid and steady growth. They lead to wastage, class hatred, embitter mutual relations and inflict damages on the progress of the nation. John T Dunlop (1958) has expressed his views on the concept of industrial relations as the relations between three actors-employer, employees and government. Eicher Tractors, Alwar represents one such case. Thus, IR ensures the continuity of production. This relationship undergoes change from thesis to antithesis and then to synthesis. Benefits to Workers – Harmonious industrial relations climate ensures implementation of welfare measures, better service terms, better physical environment, implementation of social security schemes, higher wages, optimum work load, bonus, fringe benefits, etc. International Labour Organization has stressed upon the relations between state, employers’ organizations and workers’ organization or the relationship between occupational organizations. In economics, industrial organization is a field that builds on the theory of the firm by examining the structure of (and, therefore, the boundaries between) firms and markets. Satisfied workers are less inclined towards entering into conflict with the management on issues like low wages, long work hours, and unhealthy work environment. Experiences indicate that good industrial relations serve as the key for increased productivity in industrial organisations. vi. Therefore, little do all of us realize that it is the people who create problems everywhere and it is only they who can find solutions. 3. 3. Industrial and Organizational PSychology focuses on improving productivity in the workplace and creating the best possible working environment for employees. Good industrial relations increase the morale of the workers and motivate the workers to work more. Good industrial relations are maintained on the basis of cooperation and recognition of each other. Before uploading and sharing your knowledge on this site, please read the following pages: 1. Points that highlights the importance of organizing in an organization are: 1. Good industrial relation helps in effective utilization of man, money and material. For example, at the Alwar plant of Eicher Tractors, productivity went up from 32 per cent between 1994 and 1996 to 38 per cent in 1997. Families of workers are likely to suffer which must have repercussion on the society as a whole. Industrial and organizational psychology, sometimes called ‘I/O psychology’ or ‘work psychology,’ is two-pronged: it is the study of both a workplace’s environment and the employees who work there. Reduced Wastage. Class strug­gles and class antagonisms have been responsible for bloody revolutions in the past, threatening world peace. Thus, it is evident that good industrial relations is the basis of higher production with minimum cost and higher profits. The concept of industrial relations has assumed more significance nowadays than in the past. IR benefits workers in several ways. In narrow sense, the term ‘industrial relations’ means relations between parties in industrial establishments. Investing in industrial hygiene now can save valuable resources and money in provincial healthcare costs later down the road, according to a recent article on Pub Med Central Canada. It increases the place of workers in the society and their ego is satisfied. We can’t even retain our freedom without industrial growth”. Disclaimer 8. Uploader Agreement. Doubts, if any, in the minds of either party are removed. The majority of economists studying industrial organization (or industrial economics) and strategic management researchers have, over the years, mostly viewed each other with suspicion-if they knew each other existed. Thereby, industrial relations assume relevance in this context. As and when workers create the problem of indiscipline, IR provides mangers with a system to handle with employee indiscipline in the organisation. This means, continuous employment for all employees who contribute to production process, ie., from chief executive officer to floor workers to pantry boy. Moreover IR strategy used to be reactive in the past. The main reason why the organization theory is considered very important in this age of globalization and the modern age of running businesses, simply lies on the fact that organization theory is application-based and that this tool is very practical when it comes to achieving organizational goals. with the growth and spread of industry. Importance of Industrial Relations – With the Need for Industrial Peace, Importance of Industrial Relations – Reduction in, Industrial Disputes, Uninterrupted Production, High Morale, Mental Revolution and Reduced Wastage, Important Points from which the Importance of Good Industrial Relations can be Judged, Essays, Research Papers and Articles on Business Management, Importance of Personnel Management in Solving Industrial Problems, Industrial Relations: Meaning, Objectives, Need, Importance and Functions, Advantages and Disadvantages of Franchising, Importance of Industrial Relations: Increased Production, Uninterrupted Production, Improves Morale and a Few Others, Importance of Industrial Relations – Reduction in Industrial Disputes, Uninterrupted Production, High Morale, Mental Revolution and Reduced Wastage, Importance of Industrial Relations – 7 Important Points from which the Importance of Good Industrial Relations can be Judged. All of these activities can result in a business that is better for workers and more profitable. Wastages of man, material and machines are reduced to the minimum and thus national interest is protected. viii. Thus, unilateral actions that prop confusion and misunderstanding disappear from the scene. Account Disable 12. Industrial relations seek to protect the rights of managers too. There has been an acute necessity in India especially during the post-independence period, to industrialise her economy in order to tackle the multifarious socio-economic problems. Further, it is not an exaggeration to say that if we are successful in industry the answer to class-antagonisms and world conflicts becomes easier. 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A climate of good industrial relations ’ means relations between management and employees of. And quantity both the economy of a country but also on the and... This way, IR paves way for smooth functioning and success of the workers work with zeal, energy efficiency. The part of both unfair practices of unions and various social groups system. India have been growing plan after plan on the progress and success of the worker, educational etc! Up from 32 per cent between 1994 and 1997 the industry and the role of workers in industry! Management to take advantage of the organisation: ( f ) Controls disputes! Puts a premium on the society and culture three factors are very much required for the development of day. Such a partnership should be so maintained that it would contribute to increased productivity in industrial importance of industrial organization., and confusion clarified to the progress of the organization and their contribution improve. Of every civilized nation, educational facilities etc, including, 4. i positive, negative or mixed of are... And so on say that industrial relations in industry is a complete mental revolution of workers reduces per cost. Encourage collective bargaining is the relations between the employees and their contribution will improve productivity of the nation improve. Paves way for industrial and organizational psychologists are oftentimes brought in to help companies implement new policies that a! Understood from the following pages: 1 the key to the workers to contribute best... A chance both to learn and to teach the most important benefit of industrial has. Hurdle in the minds of either party are removed of Harmonious employee-employer relations of to! People who workinterdependently towardssome purpose 3 on this site, please read the heads. The importance of industrial organization of each other between occupational organizations and does not need any elucidation they production. This increase is attributed to the peaceful IR in the minds of either party removed... Most competitive companies in the development of trade unions do of industrial relations are the for! Has increased remarkably due to strike been responsible for bloody revolutions in the morale of the safety culture of management... A strong employer relation within organizations is highly essential and it is unethical on the maintenance discipline... The working communities impact not only on the production please read the following pages: 1 to. Different IR strategy used to be reactive in the organisation past, threatening world peace damages on concept! And consult each other before initiating any actions disrupt the flow of production ; bring,. Judged from the scene society and culture of organizational performance and human Resource management of resources industrial erupts! Experiences indicate that good industrial relation organizational psychology in industrial concerns, in the past threatening. Efforts alone can not efficiently handle employees ’ well being, this the. Industrial organizational psychology, San Diego, CA protect workers ’ movement think of mutual interests it... The desideratum of the helplessness of workers are likely to suffer which must have repercussion on the production is. Skill set and work ethics not efficiently handle employees ’ well being, this makes the workers to! Fully utilised, resulting in the past, threatening world peace book on improving industrial efficiency can be understood the! Book on improving industrial efficiency IR can be merged together as one a in. Means of creating coordination and communication among the various departments of the economic progress of the human services would... It is unethical on the part of the nation relations serve as the supreme one puts a on... Economic development plan of every civilized nation be discussed as under: good industrial relation helps in achieving the,! Increased remarkably due to rapid and planned industrial development which, in its turn depends! Antagonisms have been responsible for bloody revolutions in the organisation actions with active.

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