Industrial Relations

Management

Presented by-Pankaj Mishra

 Topics

• Socialism

• Capitalism

• Trade Union (Industrial Relations Management)

i. Question: What is multiplicity of Trade Union?
ii. Question: What are the effects on multiplicity of Trade Union?
 Socialism
Socialism is a form of government that attempts
to reduce social, economic, medical, and political
inequalities among its’ people.
 Reasons For Socialism
• Social Equality

• Economic Equality

• Medical Equality

• Political Equality
 Reasons Against Socialism
• Higher Cost

• Less Entrepreneurships

• Less Rags-to-Riches

• Big Government

• Inequalities are the Norm

 Capitalism
• The accumulation of the means of production
(materials, land, tools) as property into a few
hands; this accumulated property is called
"capital" and the property-owners of these
means of production are called "capitalists."
 Reasons For Capitalism
• Economic growth

• Better opportunities for individuals

• Decentralized economic system

 Reasons Against Capitalism
• Fierce competition

• Money-oriented Economy

• Depletion of the resources 

 Trade Union
• Question 1:

What is multiplicity of Trade Union?

• Question 2:

What are the effects on multiplicity of Trade

Union?
 Multiplicity of Trade Unions
• Multiple Trade Union under same establishment.
• In India, the law permits that any seven persons
can form a union under the Trade Unions Act,
1926.
• Such unions, under the Act, are allowed to raise
disputes, file suits and even bargain with
employers.
• Workers are encouraged to form separate Unions.
• There is no restriction on the number of unions to
be registered in one establishment.
 Effects of Multiplicity of Trade Unions

• Limited Representation

• Inter-union rivalry

• Lack of Commitment

• Financial problem