Weathering the Storm of Industrial Crises; Conciliation Template

Abstract

In any organization, it is paramount to have a harmonious workplace that guarantees the workers satisfaction. However, the industrial crisis which transforms in to work dissatisfaction can manifest in many ways. The article examines how work dissatisfaction can degenerate into strike, labour turnover, absenteeism which can aggravate the workers aspirations, industrial peace and stability. The article established that poor infrastructural base, low level of motivation, job insecurity, poor management style, breach of collective agreements are the major triggers of industrial crises. The article articulated there is always multiplier effects in the economy with industrial stability and stable industrial environment will achieve greater total output as against unstable industrial environment with crisis. The article recommended a completely viable stable industrial template that avoids rancous for economic growth and development.