All Title Author
Keywords Abstract

The Factors Impacting the Long Term Settlements and Its Counter Impact on the Industries

DOI: 10.4236/tel.2019.94053, PP. 801-815

Keywords: Long Term Settlements, Negotiation, Collective Bargaining, Social Dialogue

Full-Text   Cite this paper   Add to My Lib


Purpose of the Study: This paper aims to study the impact of Long Term Settlements, (LTS) which are considered to be instrumental in maintaining long term harmonious industrial relations in the organizations, by the Actors of Industrial Relations. The critical role played by such an instrument had been accepted in the available literature on the subject. But on its control mechanisms of maintaining long term harmonious industrial relations, the existing literature provides a limited insight. Data/Methodology: This study utilized a qualitative methodology and makes use of the inputs received from the respondents interviewed on the impacts of LTS in the emerging industrial context and industrial relations dynamics. The data collected from the interview were outcome of the experience in dealing in the organizational contexts where an LTS is in execution between the Management and the Trade union. Findings: In LTS, the parties get involve in social dialogue (both the trade union and the management) while having their respective interest in the LTS which helps in generating alternatives consistent with their interests. The LTS are social process of emerging to mutually acceptable norms on the payment of wages to the workers by the management for specific return on business, which is regulated under a dynamic context. The social dialogue and collective bargaining are the instruments to LTS both for the Management and the trade union. This study is very practical in nature, and it provides important insight on the dynamics of LTS as an outcome of

[11]  Singh, A.P. (2018) Does Size Matter?—The Effect of Size of Production Workers, Management Staff and Proprietors on Productivity. Theoretical Economics Letters, 8, 2290.
[12]  International Labour Office (1980) Collective Bargaining (A Workers Education Manual. Geneva, 5.
[13]  International Labour Office (1960) Collective Bargaining (A Worker’s Education Manual). 3.
[14]  Bhogoliwal, T.N. (1974) Economics of Labour and Social Welfare. Sahitya Bhawan Publications, Agra, 119.
[15]  The Declaration Concerning the Aims and Principles of the ILO Called the “Declaration of Philadelphia”.
[16]  O’Donovon, P. Social Dialogue: Trends and Issues, Best Practices in Social Dialogue. Indian Industrial Relations Association (IIRA), ILO, New Delhi.
[18]  Venkata Ratnam, C.S. (2009) Employment Relations in India. In: Budhwar, P. and Bhatnagar, J., Eds., Changing Face of People Management in India, Routledge, Oxford.
[19]  Baxter, P. and Jack, S. (2008) Qualitative Case Study Methodology: Study Design and Implementation of Novice Researchers. The Qualitative Report, 13, 544-559.
[20]  Gibbert, M. and Ruigrok, W. (2010) The What and How of Case Study Rigor: Three Strategies Based on Published Work. Organizational Research Methods, 13, 710-737.
[21]  Bansal, P. and Corley, K. (2011) The Coming of Age for Qualitative Research: Embracing the Diversity of Qualitative Methods. Academy of Management Journal, 54, 233-237.
[22]  Bansal, P. and Corley, K. (2012) Publishing in AMJ Part 7: What’s Different about Qualitative Research? Academy of Management Journal, 55, 509-513.
[23]  Bryman, A. and Cassell, C. (2006) The Researcher Interview: A Reflexive Perspective. Qualitative Research in Organizations and Management: An International Journal, 1, 41-55.
[24]  Learmonth, M. (2006) Doing Critical Management Research Interviews after Reading Derrida. Qualitative Research in Organizations and Management: An International Journal, 1, 83-97.
[25]  Charmaz, K. (2000) Grounded Theory: Objectivist and Constructivist Methods. In: Denzin, N.K. and Lincoln, Y., Eds., The Handbook of Qualitative Research, Sage Publications, Thousand Oaks, 509-535.
[26]  Strauss, A.L. and Corbin, J.M. Basics of Qualitative Research: Techniques and Procedures for Developing Grounded Theory. Sage Publications, Thousand Oaks.


comments powered by Disqus