mutual understanding and good will among all those sections in the industry which
participate in the process of production.
¢ To avoid industrial conflict or strike and develop harmonious relations, which are an
essential factor in the productivity of workers and the industrial progress ofna
country.
¢ To raise productivity to a higher level in an era of full employment by lessening the
tendency to high turnover and frequency of absenteeism.
¢ To establish and nurse the growth of an industrial democracy based on labor
partnership in the sharing of profits and of managerial decisions, so that individual
personality may grow for the benefit of the industry and of the country as well.
¢ To eliminate as far as possible and practicable, strikes, lockouts and gheraos by
providing reasonable wages, improved wages, improved living and working
conditions, said fringe benefits.
¢ To establish govt control of such plants and units that are running at a loss or in
which production has to be regulated in the public interest.
¢ Improvements in the economic conditions of workers in the existing state of
industrial managements and political govt.
¢ Control exercised by the state over industrial undertaking with a view to regulating
production and promoting harmonious industrial relations.
¢ Vesting of a proprietary interest of the workers in the industries in which they are
employed.
¢ The main objective of industrial relations is to bring about minimization of conflict
and maximization of cooperation.
¢ It causes sound and healthy relations between employers and employees.
¢ It facilitates production and productivity by avoiding unhealthy atmosphere in the
industry.
