Labour Economics

Paper Code: 
HRG 117
Credits: 
3
Contact Hours: 
45.00
Objective: 

Paper has been designed such that it acquaints the students with the various facets of managing people and to create an understanding of the various policies and practices of human resource management.

9.00
Unit I: 
Labour Economics

Meaning & Significance of Labour, Definition, nature scope and importance of Labour economics, Economic and social characteristics of industrial Labour in India

9.00
Unit II: 
Demand and supply theory of wages

Demand for Labour, Determinants of the demand of labour, Supply of Labour, Determinants of the supply of labour, Wage determination under Imperfect Competition

9.00
Unit III: 
Social Security

Concept, Aims, Methods of providing social security-Social Assistance & Social Insurance, Benefits of Workmen’s Compensation Act 1923, Employees’ State Insurance Act

9.00
Unit IV: 
Concept of productivity

Meaning, importance, types of productivity concepts, determinants of Labour productivity, measurement of Labour productivity.
Concept of Rationalization: Meaning and Importance

9.00
Unit V: 
Rural/Agriculture Labour in India

Problems and measures to improve their conditions relating to employment, wages, hours of work, indebtedness, housing.

Essential Readings: 

• Bhagoliwal T N , “ Economies of labour and industrial relations” ,Sahtiys Bhawan Publications Agra.
• Gupta C B , “ Human Resource Management”.Sultan Chand and Sons,New Delhi.
• Bhatia S K & Singh Nirmal, “Principles and Techniques of Personnel Management and Human Resource Management” ,Deep & Deep Publications,New Delhi.
• Garry Dessler “Human Resource Management”Prentice Hall of India, New Delhi.7th edition

Academic Year: 
2019-2020
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