INDUSTRIAL RELATION – A WAY TO IMPROVE PRODUCTIVITY

The purpose of this research is to investigate the contribution of industrial relation towards productivity. The paper identifies the determinants of productivity gains in an industry and the impact of human inputs on productivity. The outcomes of research indicate a strong relationship between the both. As a result, first of all, I review the relevant literature about the relation between productivity and labour. Then, by proposing a empirical model, this paper illustrates that productivity is largely dependent on the morale of the employee. Moreover, this paper states that such integration leads to firm’s superior performance. This paper suggests professional approach to various dimensions of industrial relation in the light of various constraints the enterprise encounter. Finally suggestions are made which provide further insight, for managers of organizations on IR practices contributing towards increased productivity. This study has also become important because the industry has changed drastically due to globalization, privatization and liberalization.