What is workers participation in Management ? Discuss its merits and demerits.
Answers
Answer:
Workers' participation in management has a productive concussion on the behaviour of the workers. It inculcate sense of to be the property of the organisation in the minds of the workers. It gives them self respect. They feel proud and they behave in a responsible manner because they are the partners in decision making process in the management of company.
Explanation:
Their are many advantages of the workers participation in Management such as.
Advantages to the Employees. If a company do better in an employees management, it will be benefited to them also. This will increase their living standard. By getting more wages.
Advantages to the Organization. These includes improvement in decision making, profit maximization, better quality of performances of employees.
Mutual understanding between owners and employees..
Increase in Promotion of Industrial democracy.
Some of the Disadvantages are such as:
Workers are not Enthusiastic.
Weak Trade Unions.
Answer:
Workers Participation in Management:
WPM improves employee creativity. It enhances reaction to work-related issues. Additionally, it enhances a worker's innate intellect and capacity for coming up with original ideas. Workers will be motivated to increase their initiative, creativity, and expectations if participation is permitted.
Explanation:
The behavior of the workers is positively impacted by their involvement in management. The employees develop a sense of loyalty to the company as a result. It boosts their confidence. Because they are partners in the decision-making process, they feel respectable and act responsibly.
Merits:
- The organization must achieve all of its psychological goals. Positive behaviors including good morale, self-motivation, and greater effectiveness are all used to boost an organization's productivity.
- This approach invites comments from the workforce regarding how to improve productivity, prevent accidents, maintain cleanliness, etc. In order to encourage others to offer better suggestions in the future, the best suggestion made by the employee is recognized and rewarded with a certificate to that effect.
- The workforce makes creative proposals to management. Because of this, employees are given more weight by management. This is a strategy for piquing employees' interest in the industrial setting. Many Indian organizations use this approach.
Demerits:
- It is a method for involving employees in management and is thought to lead to industrial democracy. Co-partnership enables involvement in decision-making by employees. With this strategy, the employees establish their ownership by receiving firm shares. This is made possible by the fact that the profit share is distributed as company shares rather than cash.
- The potential for employee manipulation is a key downside of worker participation. Management may or may not be the source of this manipulation.
- It might be a tactic used by the union or by specialists who are knowledgeable with group dynamics.
- Security hazards: The terrible thing about employee engagement is that there are security risks involved. The union might raise some concerns