Importance of Industrial Relations.


¢ Industrial relations include the relationship between employers and employees in the course of running an industry and may project it to areas of quality control. Marketing, price fixation, disposing profits etc.
¢ Association of various persons, workmen, supervisory staff, management and employer in industry create industrial relations.
¢ This influences the economic, social and political life of whole community.
  •          Labor Relations i.e relation between union and management.
  •          Employer –employees relations i.e relations between management and employees.
  •          Group relations i.e relations between various groups of workmen.
  •          Community or Public relations i.e relations between industry and society.
  •          Promotions and development of healthy labor – management relations.
  •          Maintenance of industrial peace and avoidance of industrial strike.
  •          Development of true industrial democracy.
¢ IR widens the areas of administration, organization, supervision and coordination, liaison, drafting of regulations, rules, law and order and their interpretation, job analysis, salary and wage administration, wage surveys and pay schedules, recruitment and employment, placement and induction, collective bargaining, employee benefits and social security measures.