Trade Union

A trade union is an organization of workers who are banded together in

order to achieve a common goal such as better working conditions or

fairer pay.

Trade Union Act, 1926

Objective:

• Providing for the registration of trade unions

• Verification of the membership of trade unions registered so that they may acquire a legal and corporate status.

Principles to Govern Trade Union

• Doctrine of vested interest: It states that wages and other conditions of employment should not be mixed with work.

• Doctrine of supply and demand: It holds that collective action on the part of workers enables the attainment of their objectives.

• Doctrine of living wages: It talks empowering workers to demand living wages.

• Doctrine of partnership: This doctrine accepts workers as partners.

• Doctrine of socialism: It implies that every worker has a right to work and leisure, maintenance in old age, sickness and equal pay for equal work.

Function of Trade Union• The functions of trade unions can be classified into:

1. The basic function of trade unions is to build their organizations, both numerically and financially.

2. Economic function- essentially implies bread and butter functions.

3. Welfare function: Trade unions should shoulder social responsibilities.

4. Legal Function : Trade unions closely associate themselves with the law- making process, interpretation of laws, and providing information about the various for the benefit of their members.

5. Political functions: Trade unions kept themselves abreast of the political events.