Parameters of Industrial Relation influencing the overall satisfaction with the IR: Evidence from Power Sector of West Bengal

In this present study, we have tried to identify the factors of industrial relations which help to enhance the satisfaction level concerning to industrial relations among the employees of the power sector located in West Bengal. We have gone through the multifarious existing literatures to find out such type of factors. But we were unable to extract such suitable factors to understand the clear existing industrial relations. Therefore, from the various literature reviews, we have identified significant variables which will help us to explore the important factors to understand the actual situation of existing IR. Before exploring the factors, we have to validate the scale. Therefore, in the present study, we have validated the scale before exploring the factors and finally we have established the relations among the extracted factors and the satisfaction level with the industrial relations. We have used reliability test, convergent and discriminant validity test to validate the scale. Then, we have used Exploratory Factor Analysis (EFA) to explore the factors and finally, Path Analysis model has been used to establish the relations among the factors of industrial relations and the satisfaction level. As a result, after validating the scale, we have explored four factors namely ‘Redressal Time’, ‘Actors’ Initiative’, ‘Impurtial Measures’, and ‘Settlement Procedure’. The result of path analysis modelling suggest that the relations among the factors of industrial relations and the satisfaction level can be explained by standardized coefficients of 0.308 for Redressal Time; 0.333 for Actors’ Initiative; - 0.050 for Impartial Measures; and 0.158 for Settlement Procedure. The model has been significantly satisfied all the indicators of the Model Fitness.