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Eduncle Best Answer
1. Improves industrial relation i.e. employee-employer relations and minimizes industrial disputes.
2. Prospects workers form exploitation by the employers or management
3. Helps workers in getting fair wages
4. Minimizes labour unrest
5. Reduces conflicts and strikes etc.
6. Ensures job security for workers
7. Promotes welcome environment conditions in the industrial system
8. Fixes rest pauses and work hours etc.
9. Provides compensation to workers, who are victims of accidents.
Principles of Industrial Legislation
Industrial legislations based upon the following principles:
1. Social Justice
2. Social Equality/Welfare
3. National Economy
4. International Uniformity