INDUSTRIAL RELATIONS AND ECONOMIC ASPECTS- AN ANALYSIS IN OIL INDIA LTD. DULIAJAN SINCE 1991TO 2000

The slowdown in productivity growth and sluggish macro economic performance in recent years has drawn increasing attention to the system of industrial relations and various strategies for improving its performance. This is leading to a new era of experimentation at the organizational level with various worker participation programs, new local collective bargaining agreements, and changes in other employment practices that are designed to both improve industrial relations and organizational effectiveness. These pressures are also producing a new emphasis within management on applying strategic planning techniques to the industrial relations function as firms and unions begin to recognize the interdependence among broad business policy decisions and industrial relations performance at the workplace level. Consequently, industrial relations professionals within both management and unions are being called upon to critically examine their prevailing practices and to assess alternative strategies that satisfy organizational and worker goals. Oil India Ltd. Dulijan a major public sector industry of Assam, declared as ‘Mini Ratna' is the major concern of the paper. The present study is an effort to study quantitative assessment of industrial relations practices and performance. This paper is an attempt to analyze industrial relation practices of OIL India Ltd. Duliajan and its some economic aspects.