The fundamental principle of Labour Legislations is to guarantee fairness in the employment relationship and protect basic rights of parties involved. As the workplace becomes more complex and globally competitive, the line between rights and privileges is rapidly disappearing. This has resulted to increasing incidents of industrial action and work stoppages. In-depth working knowledge of Labour, Employment and Social Laws and their application is germane to industrial peace, harmony, socio-economic well-being and peaceful co-existence in and outside of work. The ignorance or lack of adequate working knowledge of the Labour, Employment and Social Laws has financially compromised many organizations, leading to colossal loss of revenue paid as damages and compensation due to breach of the provisions of the Labour Laws. This lack of requisite skills to tackle contemporary issues in human resource management and labour relations can constitute a constraint to achieving competitive advantage in today’s business world. The rapidly changing provisions of the Law have made it imperative for Human Resources Practitioners to be abreast of new developments.