Impact Of Post-Liberalization Human Resource Policies On Employee Relations In India: A Critical Analysis

Abstract

This study critically analyzes the impact of post-liberalization human resource (HR) policies on employee relations in India. With the objective of examining the evolution of HR policies, assessing their impact on employer-employee relations, and evaluating the challenges and opportunities they present, this research adopts a quantitative approach using descriptive correlational analysis. Descriptive statistics, correlation, regression, and factor analysis on data provided from a sample of 100 employees and 100 HR managers in diversified industries provided the evidence in the paper. The outcomes obtained are such that performance-based pay and flexibility in the nature of work promote job satisfaction while contract employment causes negative impacts both on job satisfaction and labor unrest. Union participation is negatively related to the outcomes. Training and development policies also contribute to job satisfaction, but with a relatively weak impact on union participation. The regression analysis also reinforces the positive impacts of performance-based compensation, work flexibility, and training on employee relations, but contract employment poses significant problems. This paper underscores the need for HR policies that guarantee job security, growth opportunities, and work flexibility to create better employee relations in India's post-liberalization period.