What Are the Causes of Industrial Disputes?

The industrial revolution set the stage for the capitalist economy and engineered social reorganisation to split the industrial society into workers and capitalists. Capitalists own resources and have the means of production, whereas labour sells their services to capitalists. The two groups do not share any common interests. Workers want higher wages and better working conditions, whereas capitalists exploit the fact that workers have limited power in negotiations and deny them their rights. Furthermore, employers want more work done. When these confli...

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Benefits of MSME Registration in India

Micro, small, and medium enterprises (MSMEs) are an essential part of the economy of a developing country like India. These industries are also labelled small-scale industries (SSIs). MSME registration ensures these businesses can avail benefits specially accorded to MSMEs by the Government of India. As per the MSME Act, a company can acquire MSME registration irrespective of whether it is in the manufacturing or service industry. Although the Government of India has not made MSME registration mandatory yet, registering your business under this scheme a...

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All You Need to Know About Bonus Calculation

Bonuses are payments given to employees in addition to their base salaries. Such payments may include additional pay or compensation over their usual salary. The company can award bonuses to entry-level employees and senior-level executives. In addition to giving bonuses to prospective employees, companies can distribute bonuses among shareholders. What is bonus pay? An employee receives compensation in addition to their base salary. Bonus pay is a way for companies to show appreciation to employees or teams that have achieved crucial goals. Companies...

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