Employee Relations and Credit Risk
(Image Credit : https://www.pexels.com) Industrial relations in an industry only incorporates cohesion between employees and employers, decision-making and capital investment.The hidden cost of poor industrial relations arises because poor management of the above can lead to revenue and unrest in an industry What is the hidden cost of poor industrial relations? 1- Lost Management time and Productivity. 2 - Low employee engagement 3 - Unhealthy work culture / Stressful work environment 4 - High litigation cost 5 - Labour Turnover cost 6- The cost of Indiscipline 7 - Delay in developmental process/ low level of acceptance 8 - loss of confidentiality 9 - Unwanted third party involvements 10 - Employer Branding cost Consistent with the theory that people management influences organizational performance and risk, I believe that employee relat...