Human Resource Management(HRM)-Part-IV

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Different Trade Union Mechanisms under the Industrial Relations Scenario:
1.      Union Shop: Union shop is mechanism where employees are allowed to join the organization with the condition that they will become the member of the union within certain limited period of time failing which they will exit the organization.
2.      Closed Shop: Closed shop is a mechanism where only member of a union is allowed to be recruited and recruitment management is purely handled by the Union(s).
3.      Open Shop: Open Shop is a mechanism where people are recruited regardless of the fact whether they are member of any union or not.
4.      Agency Shop: Agency shop is a mechanism where regardless of member or non-member of a union, an employee has to pay the subscription fee of union prescribed in this respect.
5.      Preferential Shop: In preferential shop a union member is given preference while filling the vacancy in the organization.
6.      Maintenance Shop: In maintenance shop there is no need to be a member of a union at the time of recruitment. However, after joining, if an employee becomes member of a union, he has to maintain such subscription till his/her superannuation.
·       What is Political Fund?
A Political Fund is type of fund which is raised by a Trade Union which is associated with a political party with a view to serve the Civic and political interests of the members of the trade union. The main features of Political Fund are:
n Such fund is raised by conducting voting by the trade union members.
n A political fund is generally valid for a period of 10 years only. After 10 years, it can be continued subject to consent of the members of the trade union through voting for the same.
n A rule of political fund has to be certified by the Certifying officer.
n Contribution can be made by the members through Check-off system.
·       What is vision 2030?
Vision 2030 is a corporate planning strategy that envisages the Coal India Limited as a prime energy provider in the country and sustain it for longer run. KPMG Advisory service provider has been given the task of analyzing the present coal scenarios and suggest the measures to be undertaken towards achieving the goal of encompassed with Vision 2030.
Six key areas has been identified/suggested by the KPMG:
n Management of Growth
n Management of Operational Efficiency
n Customer Orientation
n Expansion to coal value chain areas
n To become an employer of Choice
n To focus upon the triple bottom line i.e. social, economic and environmental measures for their sustainable growth.
·       What is UN Global Compact?
United Nations Global Compact is a strategic policy initiatives for businesses that are committed to aligning the business process/operation and strategies with the 10 universally accepted principles pertaining to:
n Human Right
n Labour Welfare
n Protection of Environment and
n Anti-corruption



To be continued………………..keep learning

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