Hi Ashish,
Expectation from HR
1. Understand figures of Wage settlement around vicinity of Company.
2. Minimum Expectation of Union to reach settlement.
3. Note minutes of each meeting & signed off the same.
4. First discuss & agree business needs ( PQCDM ) & then go for financial aspect.
5. Don't compare with other industry, as the profit margine, RM cost, Labour cost may be different.
6. Once COD from Unions & Management Expectations are amicably settled, prepare draft in Form H.
7. Get the vetted through Advocate / Legal Department.
8. Verify the figures, arrears, Distribution pattern, targets etc.
9. Sign the settlement.
Kindly understand sec 2(p), 18(1), 18(3), 12 of ID Act, with state laws for binding effect.
Do let me know if you need any further clarification.
Regards,
Rahul Bagale
9823 333366