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Eduncle posted an MCQ

October 19, 2019 • 17:25 pm

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UGC NET
Human Resource Management

Various schemes of workers participation in management were launched in different years and with varied objectives. Match the schemes (List-I) with year of thei

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Advocate Shakti Vardhan Sharma, appearing for the petitioner organisation, told the court that under the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970, a workman or non-workman employee director has to be nominated by the government from a panel of three such persons furnished to it by their representative union.

Workers Share in Equity, 1985: The union budget for the year 1985-86 made provision for the offer of stock options to employees up to at least 5 percent of the total shares and it was hopled that workers’ participation in equity would be a major element in enhancing workers’ participation in management.

In the year 1975 the Government formulated a scheme of workers’ participation in industry at shop floor and plant level. The scheme was to be implemented in the first instance in enterprises in the manufacturing and mining industries, whether these were in the public, private or cooperative sector or departmentally run units irrespective of whether joint consultative machineries had been set up and were functioning in them.

The second scheme of participative management was started with the establishment of the Joint Management Council by the Tripartite Body on Labour Relations in 1958. It was provided for the setting up of Joint Management Council on voluntary bases in undertaking in the public and private sectors through agreement between employers and workers.
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