Impact of Liberalization Policies on Wage & Salary Administration, Social Security Measures and Welfare Facilities in Jute Industry of Visakhapatnam District

Industrial progress is impossible without cooperation of labour and its harmonious relationships. Therefore, it is in the interest of all to create and maintain good relations between employees and employers. The researcher had made an attempt to evaluate the impact of liberalization polices on industrial relations pertaining to i. e. Wage & Salary Administration, Security measuresand Welfare facilities by taking twenty six parameter for the jute industry in Visakhapatnam districts of North Coastal Andhra Pradesh. The researcher has personally collected the opinions of the respondents through the structured questionnaire. The collected data are analyzed through KMO test, Factor Analysis, Bivariate Correlation Matrix Reliability test. The Analysis shows that the employees are considering three parameters out of twelve of salary and wage administration, two out of seven for social security measure and all parameter for welfare facilities.