Industrial democracy

Industrial Democracy is an economic arrangement which involves workers making decisions, sharing responsibility and authority in the workplace. Although industrial democracy generally refers to the organization model in which workplaces are run directly by the people who work in them in place of private or state ownership of the means of production, there are also representative forms of industrial democracy. Representative industrial democracy includes decision making structures such as the formation of committees and consultative bodies to facilitate communication between management, unions, and staff.

Benefits of Industrial Democracy

Advocates often point out that industrial democracy increases productivity and service delivery from a more fully engaged and happier workforce. Other benefits include the following: less industrial dispute resulting from better communication in the workplace; improved and inclusive decision making processes resulting in qualitatively better workplace decisions; decreased stress and increased well-being; an increase in job satisfaction; a reduction in absenteeism; improved sense of fulfillment.

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