Industrial relations mean “the relationship between employers and employees in the course of employment in the industrial organization”. The relationship includes supervision, directing, planning, and coordination of organizational activities.
Industrial relations are one of the delicate and complex relationships in modern society. After the industrial revolution- the size of the industry grew with enormous investment and human resources. This changed industrial relations from direct, simple, and personal to indirect, complex, and impersonal.
Thus, the term industrial relations is used to denote the collective relationship between management and the worker.
The need for Industrial Relations has arisen to defend the interests of workers (employee development, remuneration, and employee health, etc.)
Industrial Relations are also needed to protect the Human Rights of individuals.
Acc. to the National Commission on Labor (NCL) Industrial Relations affect not merely the interest of the 2 parties involved- labor and management, but also the economic and social goals of a country.
- Uninterrupted Production– The most important benefit of Industrial Relations is that it ensures continuity of production. This means continuous employment for all involved right from employers to workers.
- Reduction in industrial disputes– Good Industrial Relations reduces the chances of strikes, grievances, and lockouts. Industrial peace helps in promoting co-operation and increased production.
- High morale– Good Industrial Relations improves the morale of employees and motivates the workers to work better.
Also, it contributes to the overall economy and development of a nation.
According to Prof. Dunlop- “Industrial Relations can be defined as the complex of interrelations among workers, managers, and government.” Industrial Relations are a multidisciplinary field, needed to maintain harmony in an organization. It includes employers, employees, trade unions, and government (both state and central)
It can be said that society suffers loss in one way or another due to poor Industrial Relations. It sometimes affects the quality of production and other times it even affects international trade relations.
Therefore, it is of utmost importance that employers and workers should make constant endeavors to establish cordial human relations.
All the concepts under this topic “INDUSTRIAL RELATIONS (IR)” have been compiled into a certificate assessment
course. This assessment will help you to check and enhance your knowledge about
the subject and offer you to get certified from The Growth Central VC. This Assessment has been made considering the latest scenario of the industry.