Industrial Relations

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What is industrial relations?

Industrial relations is the study of the relationship between employers and employees, and the role of various intermediaries, such as trade unions and government agencies, in this relationship. It encompasses various topics such as collective bargaining, labor laws, employee rights, and workplace policies.

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Image showing the meaning of industrial relations

Industrial relations also deals with issues related to workplace safety, employee benefits, and dispute resolution. The goal of industrial relations is to promote cooperation and understanding between employers and employees, and to improve the overall working conditions in organizations. It is sometimes referred to as labor relations or employee relations.

What are the objectives of industrial relations?

The main objectives of industrial relations system are:

  1. To safeguard the interest of labour and management by securing the highest level of mutual understanding and good-will among all those sections in the industry which participate in the process of production.
  2. To avoid industrial conflict or strife and develop harmonious relations, which are an essential factor in the productivity of workers and the industrial progress of a country.
  3. To raise productivity to a higher level in an era of full employment by lessening the tendency to high turnover and frequency absenteeism.
  4. To establish and promote the growth of an industrial democracy based on labor partnership in the sharing of profits and of managerial decisions, so that ban individuals personality may grow its full stature for the benefit of the industry and of the country as well.
  5. To eliminate or minimize the number of strikes, lockouts and gheraos by providing reasonable wages, improved living and working conditions, said fringe benefits.
  6. To improve the economic conditions of workers in the existing state of industrial managements and political government.
  7. Socialization of industries by making the state itself a major employer
  8. Vesting of a proprietary interest of the workers in the industries in which they are employed.