Meaning and Definition of Industrial Relation
Industrial Relation is a relation between employer and employees, employees and employees and employees and trade unions.
Industrial Relation is viewed as the “process by which people and their organisations interact at the place of work to establish the terms and conditions of employment.”
Good industrial relations boost production, improve the quality of work-life, amplify efficiencies of the workers and reduce the cost of production. Bad Industrial Relations leads to industrial unrest and industrial dispute.
Features of Industrial Relation
#1. Dynamic and Developing Concept: The concept of “Industrial Relations” is a dynamic and developing concept. It is described as a relationship between employers and management of the enterprise and the employees or among employees and their organizations or Employers, Employees and their trade unions and the government.
#2. complex and multi-dimensional:-The concept is not limited to relations between trade unions and employer but also extends to the general web of relationships between employers, employees and the Government. It covers regulated as well as unregulated, institutionalised as well as individual relations. These multi-pronged relationships may be in organised or unorganised sector.
#3. It is a set of functional: Industrial relations do not constitute a simple relationship, but they are a set functional, inter-dependent complexities involving various factors or various variables such as economic, political, social, psychological, legal factors or variables.
#4. Employee-employers relationship: Without the existence of the minimum two parties, industrial relationship cannot exist such as :
- Workers and their organizations.
- Employers or management of the enterprise.
- Government are the three participants or parties in the industrial relations.
#5. Development of healthy labour management: The important purpose of industrial relations is development of healthy labour-management or employee-employer relations, maintenance industrial peace, avoidance of industrial strife, development and growth of industrial democracy etc.