What is one benefit of good industrial relations for a business?

Good industrial relations play a vital role in the overall functioning and success of a business, and one of the most significant benefits is increased productivity. When a company fosters positive relationships between management and employees, it creates a more harmonious working environment. This improved atmosphere usually leads to higher employee morale and motivation. When employees feel valued and understand that their grievances and suggestions are heard, they are more likely to engage fully in their work. This level of engagement often results in increased efficiency, better quality of output, and a general boost in productivity levels within the organization.

With effective communication and cooperation resulting from strong industrial relations, businesses are also better positioned to implement changes or innovations that can further enhance productivity. In contrast, the other options reflect negative outcomes that would not support the growth or functionality of a business. For instance, increased absenteeism and higher training costs detract from productivity and can harm the business's bottom line, while a poor public image can lead to diminished trust and customer loyalty.