Building and other Construction Workers Act, 1996 Even if you are building a house for personal use,

you will have to pay cess if the cost of building, excluding cost of land is more than Rs. 10 lakh and more than 10 workers are engaged. What is Notice Period? When an employee resigns from the organization he has to serve notice period, it means he has to give change of his work to new employee so that the Organisation cannot face any type of problem due to work. It is just for the smooth functioning of company work. What is Strategic HRM? The optimum utilization of human resources to achieve the set goals and objectives in the business environment is termed as Strategic HRM. ARBITRATION Arbitration is a means of securing an award on a conflict issue by reference to a third party. It is a process in which a dispute is submitted to an impartial outsider who makes a decision which is usually binding on both the parties. Arbitration is a judicial process. The Arbitrator enforces his own point of view on the contending parties. Arbitration is more judicial in Character than conciliation. Grievance Redressal Machinery in India I. Preventive Machinery 1. Trade Union - Joint Consultation 1. Work Committee 2. Joint Management Council 2. Standing Orders 3. Grievance Procedure 4. Code of Discipline II. Settlement Machinery 1. Conciliation Machinery - Conciliation officer - Board of conciliation - Court of enquiry 2. Voluntary Arbitration 3. Compulsory Arbitration - Labour Court - Industrial Tribunal - National Tribunal

OBJECTIVES OF ILO - Full employment and raising of standard of living. - Adequate protection for the life and health of the workers. - The assurance of educational and Vocational opportunity.